Affordable Housing Investment Opportunities in Lucknow
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Affordable Housing Investment Opportunities in Lucknow
Lucknow is rapidly growing and developing economically. It is an important transportation centre and heritage of North India. The city’s economy is growing steadily. This growth is supported by sectors like education, technology, and manufacturing.
These sectors attract students and professionals; thus, the demand for residential property in Lucknow is increasing.
The top reasons to invest in Lucknow are-
- Infrastructure in the city is increasing, with projects like the Lucknow Metro. Connectivity is bolstered by the Agra-Lucknow expressway. In Lucknow, people want homes in good areas with great facilities.
- The favorable regulatory environment includes RERA and single window clearance in Uttar Pradesh. It attracts homebuyers and investors alike.
- Lucknow’s cultural heritage and quality of life captivate both residents and tourists. The city’s rich history and modern amenities attract many visitors and businesses.
- Lucknow offers more affordable housing options than big cities like Delhi or Mumbai. The increasing demand for housing is driven by the increase in population.
- The rental market is expanding. Homebuyers and seasoned investors are preferring projects such as Excella Kutumb and Sahu City for their prime locations.
- Government initiatives such as affordable housing programs like Pradhan Mantri Awas Yojana and the Chief Minister’s Housing Scheme. They assure affordable building projects for home buyers.
Affordable Housing Investment Opportunities In Lucknow
Rental housing is sought after in Lucknow near schools and offices. The peripheral zones, such as Gomti Nagar Extension, Sultanpur Road, etc., are opening boundaries of the real estate sector.
Lucknow is ideal for developers to create integrated townships and affordable apartments. It meets middle-income housing needs. Excella Kutumb and Sahu City in Lucknow have affordable housing choices.
Let’s read in detail about each project-
1- Excella Kutumb
Excella Kutumb is a premium residential property in Lucknow located at Sultanpur Road. Homebuyers always want fancy amenities in their homes. The project has 2 & 3 BHK apartments that are well-designed to meet the needs of the residents.
The project’s prime location advantages for residents are-
- IT City- 5 mins
- Medanta Hospital- 8 mins
- Phoenix Palassio Mall- 8 mins
- International Cricket Stadium- 8 mins
- Gomti Nagar- 10 mins
- Hazratganj- 20 mins
- Airport- 25 mins
About the Developer
One of the fastest-growing real estate companies in Lucknow is Excella Group. The group seeks to offer customers high-class residential options at affordable prices.
It is based on the aspiration to convert luxury peaks into a regular day experience. The group focuses on being the top choice for customers who consider quality above all.
2- Sahu City
Sahu city is a premium project on Lucknow-Sultanpur Road (NH 56). The project offers 1 & 2 BHK apartments in Lucknow. It includes 15+ world-class amenities. The project is being developed under the UP Government Affordable Awas Yojana.
The location benefits of the project are-
- Medanta Hospital – 10 Mins
- International Cricket Stadium – 7 Mins
- Phoenix Palassio – 7 Mins
- HCL IT City – 5 Mins
- International Airport – 15 Mins
- Charbagh Railway Station – 20 Mins
About the Developer
Sahu Land Developers is a part of the famous Sahu Group, a top business in Uttar Pradesh. Sahu Land Developers is a fancy real estate firm in Lucknow. They focus on offering luxury projects at reasonable rates.
It aims to meet the housing needs of the middle and low-income groups. The focus is on creating eco-friendly projects with top-notch quality standards.
Best Areas to Invest In Lucknow
1- Hazratganj
Hazratganj is one of the oldest and most famous areas in Lucknow, capturing the essence of old Lucknow with heritage markets, malls, cinemas and restaurants.
Being a major commercial hub, the ambience of the place is conducive for investors looking to invest in commercial property or villas, apartments and houses that ensure assured returns. Hazratganj is also one of the top places to settle down and buy a residential property in Lucknow.
2- Charbagh
One of the most intriguing facts about Charbagh is that it has a railway and metro station in Lucknow, with its name connoted as ‘the heart’ of the city. Other tourist attractions include the Dargah Va Masjid Khamman Peer Baba mosque and the vibrant Gurunanak Market.
3- The Lucknow IT corridor
The Faizabad Road to Sultanpur Road stretch forms the Lucknow IT corridor, and it is no surprise that this location for real estate investors and builders has become one of their favourite choices.
The stretch passes by some premier neighbourhoods of the city, including Indira Nagar, Shivaji Puram, Gomti Nagar, Gomti Nagar Extension, Sultanpur Road, and Shaheed Path.
Your Call
Lucknow’s economy has been growing well, mainly in IT and manufacturing sectors. The government is actively working to develop infrastructure in Lucknow. This creates an exciting opportunity for real estate projects.
Lucknow is a great place to buy a residential property home because it has a rich cultural heritage and is also affordable. This makes it a popular choice for both home buyers and investors.
Investing in affordable housing Property in Lucknow guarantees returns and aids urbanization. It supports development, too. Lucknow is becoming a modern city while still keeping its cultural roots. Now is a great time to invest in the city’s growth.
