Lucknow, the city of Nawabs, is the administrative capital of the state of Uttar Pradesh. And is at the nerve centre of the country’s one of the largest states in terms of area, population and economy. So the importance of the city cannot be negated.
Till a few years ago, the city was deemed to be a Tier III city. Now, it is a recognized Tier II city and is fast closing the gap between Tier I cities. In fact, the core of the city is so crowded and congested, that the authorities have taken the step of concentrating on development of the suburbs which lie near areas as far as Hardoi, Rae Bareli and Sitapur. And due to this sudden development of interest in these areas, the prices have grown overnight and still keep on increasing. However, it is still attractive enough to be invested in.
Especially to our brethren abroad, nri real estate investment in Lucknow sounds like a good bet. It is the ideal retirement plan for when they would want to return to their homeland and be near their loved ones. Nri real estate investment in Lucknow also gives a shot in the arm to the real estate business. On the whole, the real estate business in India has been experiencing a slowdown of sorts in the recent past. Now, it is all set to change. With the rapid further urbanization of Tier II cities, Lucknow seems to be on top of the list in the cities that will benefit if there is a boom in real estate business in India, which, hopefully, would happen very soon.
In that scenario, if you’re an NRI and hail from Lucknow, and wish to come back to your motherland in a few years from now, or want to gift your family a dwelling befitting of them, now maybe an ideal time to invest in real estate. With a plethora of real estate players now in Lucknow, you would definitely get whatever you require and need- a dwelling of your choice.