The City of Nawabs, Lucknow, which is so popular for its culture, Nawabi and Victorian era monuments and gastronomical delights, is witnessing rapid development over the last few years. The city where people converse in a very courteous manner, and is home to some of the most splendid historical monuments such as Bada Imambara, Chota Imambara and Rumi Darwaza is gradually losing its old world charm with the development of wide roads, highways, flyovers, glittering shopping malls, swanky multiplexes, discotheques, hotels, and more. Today, many multinational companies, public sector firms, top realtors of India and foreign luxury brands have their presence in Lucknow, thereby strengthening the real estate in Lucknow by leaps and bounds.
Owing to infrastructural development initiated by Uttar Pradesh Govt. such as Lucknow Metro, IT City, International Cricket Stadium, UP State Dial 100 Headquarter, Cancer Research Institute, to name a few, along with better employment, healthcare and educational facilities, there is a rising demand for luxury residential projects in Lucknow. Seeing this realty boom, top real estate developers in Lucknow have launched their luxury housing projects with spacious & airy rooms, premium architecture, modern amenities, hi-tech security features, and more.
However, there are other important factors that have contributed to the overall increase in demand of residential properties in Lucknow such as:
With Charbagh Railway Station, Amausi International Airport and wide network of highways, Lucknow is properly connected with the rest of the country. Moreover, Uttar Pradesh State Road Transport Corporation (UPSRTC) buses ply all over the state touching every nook and corner of UP Once completed, the ongoing Lucknow Metro development work would further streamline and facilitate transportation in the city.
The city has some of the best government healthcare centers of the country such as King George Medical College (KGMC), Balrampur Hospital, Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPGI) and Dr. Ram Manohar Lohia Hospital. Apart from public sector hospitals, Lucknow is also home to top private hospitals such as Sahara Hospital, Vivekananda Polyclinic, Charak Hospital & Research Center and Mayo Hospital, drawing patients not only from other districts of UP but also from other states and even abroad.
Lucknow is considered the hub of education with quite a few reputed schools, colleges and universities. Leading govt. educational institutions such as Indian Institute of Management (IIM-Lucknow), University of Lucknow (LU), Dr. Ram Manohar Lohia National Law University and Institute of Hotel Management Catering & Nutrition (IHM-Lucknow) are present in Lucknow. Private colleges such as Babu Banarasi Das University, Integral University and Amity University are providing quality education in the field of arts, science, commerce, law, medical, architecture, biotechnology, information technology, etc. Aspiring students every year from all over India come to Lucknow in search of good educational institutions to pursue quality higher education.
Lucknow is filled with fun entertainment parks such as Disney Water Wonder Park, Anandi Water Park, Dream World Resort, Gautam Buddha Park and Begum Hazrat Mahal Park where people of all ages can make the most of lush greenery and various types of water swings. Movie aficionados can watch latest Bollywood and Hollywood blockbuster movies at state-of-the-art multiplexes such as PVR Cinemas, INOX Cinemas and Wave Cinemas. Party lovers can organize their get-togeters at some of the trendiest lounges in the city such as Percussion, Zero Degree, Mirage The Lounge and 5 CR Lounge. Famous Mughlai cuisine restaurants such as Tunday Kababi, Dastarkhwan, Idrees Biryani, Raheem's, multi-cuisine restaurants like Royal Café, Kalika Hut, Cappuccino Blast, The Salt and international fast food chains like McDonald's, Dominos, Pizza Hut and KFC are present in the city.
You name it and Lucknow has it all. All the above factors have really contributed towards the growth of residential real estate market in Lucknow where customers have shown an increased preference to buy residential property in Lucknow.