The city that is known as Shiraz-I-Hind or the Golden city, Lucknow’s multicultural effervescence along with the stamp of being the one of most artistic and cultural city in North India along with its propensity towards economic activity makes it a really attractive option to invest in property in Lucknow with assured return.
What makes it so attractive, one might ask?
It’s simple really. Lucknow is a city of many wonders, and is a hot bed of refined cultures, along with architecturally beautiful monuments and a charm that is unrivaled. There is near perfect juxtaposition of the past and the present in the city which seems to pride itself on its cultural past, without losing sight of rapid development in the present. So much so, that the city is the nerve center of economic activity with various industries like finance, aerospace, medicine etc. on the rise. Add to that, the accessibility of the city by various methods of transportation viz, trains, air and road from different parts of the country, and you could already see why Lucknow seems like a good bet to invest in.
Like in any other city, property in Lucknow with assured return needs some amount of research. For example, the Chowk area is completely congested and highly overpriced, so one might not get their ideal return that they might be hoping for. The suburbs however, present a different story.
The Lucknow city authorities themselves have taken note of the cramped situation in Lucknow and are taking the required step of making the peripheral areas away from the city center as infrastructural sound as the nerve center; This and the fact that people with surplus money are looking to invest more and more in properties. This has lead real estate players to develop more and more residential property in Lucknow.
Obviously, the main aim of these residential projects in Lucknow is to house people and not just for investment purposes. But, more and more people are investing their money to get good return when they finally dispose of their properties.