Due to unprecedented demand for newly built residential properties, property values ​​in suburban areas of Lucknow have soared by 20 to 30 percent in the last year. The city with its wide streets, overpasses, multiplexes, residential and commercial centers has gained recognition from the bigwigs in the construction industry.

In fact, the appreciation reached 50 percent in the last two years in Gomti Nagar, Mahanagar and Janakipuram. Gomti Nagar Extension is a recent development and has in fact become the IT hub in Lucknow. Business markets here have recovered along with the improvement in the city’s business environment. According to market sources, office space rental in Hazratganj is the main most commercial market in Lucknow.

Lucknow’s real estate sector is going through a transition phase with a lot of activity throughout the city. As Lucknow is listed among the ten fastest growing real estate segments in the country, attracting a number of developers from across India to the city. Lucknow, being the political and administrative capital of Uttar Pradesh, provides high-quality civic infrastructure to its residents, acting as a catalyst for the general real estate boom.

Although the city is flourishing with luxury projects, property prices are affordable compared to other major cities like Mumbai, Banglore and Delhi. Investors and NRIs are therefore looking to Lucknow for property investment and as it is fast becoming a real estate city, they can expect good returns on investment in the near future resulting in increased NRI investment in the city.

The real estate segment is also keeping a close eye on the three proposed Lucknow Metro projects that are in the conceptualization stage. Once the Metro project is functional, the real estate market in Lucknow will be able to unlock its true potential. Furthermore, the city has all the potential to attract more builders to invest in various real estate sectors. Lucknow is witnessing the real estate boom that will gradually make it a world-class city in the years to come.

Rishita developers understand the exact need of the clients and then proceed and guide them with their team of expert professionals, helping them to select the right property. Celebrity Greens at Amar Shaheed Path, Lucknow is one of those classy projects from Rishita Developers, which is uniquely designed for today’s inhabitants.