Lucknow, India’s cultural hub, is booming with new infrastructure projects. These projects have accelerated the growth of Lucknow’s real estate market, attracting investors and buyers from all walks of life. With ample property options available, we have created a list of 5 high-class areas in Lucknow that you must consider for your next real estate investment.
We have created this list after comparing the price, connectivity, future developments, and investment possibilities. Let’s take a look.
Posh areas in Lucknow for investors and buyers
Vibhuti Khand, Lucknow
Vibhuti Khand is a sub-locality in Gomti Nagar. This posh area has apartments, plots, and flats for sale. Buyers can easily find ready-to-move properties from builders like DLF Homes, Eldeco Group, Parsvnath Developers, and many others.
The area is surrounded by many government offices and institutions, such as the RBI (Reserve Bank of India) and others. These offices, available in the vicinity of Vibhuti Khand, attract professionals who want to rent homes. The Regency Road, NH-30, and India Nagar Metro station boost connectivity to and from the area.
In the last five years, Vibhuti Khand has witnessed an upward spike in its property prices. A 2 BHK residential apartment in this area may cost you between Rs. 1 Cr. and 2.3 Cr. With this apartment, you can earn a rental income between Rs. 30K to Rs. 1 Lakh.
Furthermore, the accessibility of hospitals, education centres, and world-class amenities makes it an investment hotspot in Lucknow.
Mahanagar, Lucknow
Mahanagar in Lucknow is known for its green belt and community parks. The area has modern infrastructure and amenities, including educational institutes and healthcare centres. Badshahnagar Metro Station is just 2 km away, and Mandir Marg and Faizabad Road are nearby, providing seamless connections to and from other areas.
The proposed Munshi Pullia Flyover and Outer Ring Road will likely streamline traffic conditions in this area, making it a desirable hub for homebuyers.
Moreover, Mahanagar’s proximity to Hazratganj, Gomti Nagar, and Indira Nagar offers a great opportunity to attract tenants. Those who want to yield a handsome rental income can consider investing in this area. The rental charges for a 3 BHK apartment is between Rs 20K and Rs 30K. The selling price varies between Rs 90 Lakh and Rs 4 Cr.
Amar Shaheed Path, Lucknow
Stretching in a 23-km belt, Amar Shaheed Path in Lucknow is home to many popular real estate projects including Jashn Elevate Club Towers. It is located in the south of Lucknow and connects Faizabad and Kanpur.
The route is famous for many ready-to-move and under-construction residential projects in 2 BHK, 2 BHK, and 4 BHK segments.
Furthermore, the area is surrounded by many world-class amenities like shopping malls, hospitals, banks, and recreational centres, offering a suitable ambiance for social connectivity.
The CSS Metro Station, Raibareli Road, Bijnor Road, and NH-27 provide seamless connectivity. A 2 BHK apartment can generate a monthly rental income of Rs. 11K to Rs. 30K.
The proposed plan of connecting Amar Shaheed Path with an elevated flyover is likely to boost its development in future.
Gomti Nagar, Lucknow
Gomti Nagar is famous for having the largest colony in the capital city of Uttar Pradesh. The area is also famous for having ultra-luxury projects. The presence of several bureaucratic offices, such as the Lucknow High Court, Passport Office, and other administrative offices, makes it a hot-selling property hub for investors.
The locality is also famous for having luxury hotels like Marriot and Taj Hotel. It is also home to Babu Banarasi Das Badminton Academy and Ekna International Stadium.
An extensive road network spanning Lohia Path, Amar Shaheed Path, and Faizabad Road improves connectivity across Lucknow. The proximity to Chaudhary Charan Singh International Airport, which is just 21 km away, and Charbagh Railway Station, which is 11 km away, provides a robust connectivity option.
Real estate investors and developers find this locality haven for investments. The Amity University in the area further fuels the demand for rental flats. The average rental income varies from Rs 15K to Rs. Lakh.
Gomti Nagar Extension
Gomti Nagar Extension is yet another posh area in Lucknow, famous for its Ambedkar Park and luxury residential projects. Since the area is in close proximity with Gomti Nagar, it offers both under-construction and ready-to-move properties. It is connected via Viraj Khand Road, Lohia Marg, and Faizabad Road. The Barabanki Railway station links it with other rail networks in the country.
The average price of the property starts from Rs. 6,600 per square foot. This price is expected to increase in the coming future.
Conclusion
Lucknow is fast turning a real estate hotspot for both developers and investors. With many areas witnessing affordable to luxury projects, the world-class amenities are on boom in those areas. If you plan to invest in a real estate property in Lucknow, consider the aforesaid posh regions for a good investment opportunity.
