India, as a country, is witnessing huge progress in all spheres in life. Be it the telecom sector, education sector, agriculture, or the real estate sector, people are experiencing great change. There has been a great amount of revolution is every field and it’s almost inevitable. Gradually, the country is becoming a hub for various scientific researches and developments as well. India has eventually stepped on the ICE (Information, Communication and Entertainment) age and there has been a great development in the field of real estate as well. The realty sector of India has grown much more with time and investing in a property in India is now a really good idea.
Real Estate in Lucknow
Lucknow, the splendid amalgamation of yummy food and rich heritage is slowly becoming a hub for real estate. The “City of Nawabs” is a fast evolving one and the realty sector in the city is emerging in leaps and bounds. There are many large scale constructions going on in both the commercial as well as residential sectors.
The real estate sector in Lucknow is experiencing a boom in the housing segment. With a higher per capita GDP, the income of the middle-class group is also increasing. The surging economic activities of the city has led to a much polished Lucknow and now more and more top realtors are investing there. The areas like Hazratganj, Gomti Nagar and Janakipuram are booming with realty projects. Hence, the ones who still think that Lucknow isn’t a developed city in India need to think again!
Investing in Lucknow
The Lucknow real estate has witnessed price appreciation in the last few years. The prices of the lands have gone up and the finished flats have seen at least 100% price hike. There are a number of reputed real estate developers who are now trying their hands in building commercial as well as residential complexes in Lucknow. Not only the private developers but even the Uttar Pradesh Housing Development Board has increased the house prices by almost 80% in the last few years.
Keeping all these things in mind, it is actually a good idea to invest in a property in Lucknow. Over the past few years, the real estate sector of Lucknow experienced the entry of some of the top class realtors. In the recent times, almost 100 national and local developers are actively working in Lucknow with numerous residential properties and shopping malls. All these changes have made the real estate sector of the city a real lucrative one for the investors in and around India. In case you are thinking about investing in Lucknow, this is probably the best time to do so!
Things to Keep in Mind
So, when you have finally decided upon buying a property in Lucknow, there are certain things which you need to consider. Always keep in mind the below mentioned things to get hold of the best deal possible:
- Genuineness of the Realtor: Before zeroing on a real estate firm, make sure that you have properly researched about them. You need to research about them thoroughly and then sign a deal with them. You should always choose a company which is in the market for at least 5-6 years and have developed some good properties in the past.
- Customer Testimonials: While going though the website of the company, read the testimonials of the previous customers. Also, try to get in touch with some of the clients personally. They will tell you about their experiences and this will help you to decide upon your choice.