Whether it is about a residential or commercial property, one of the key considerations in buying is the location. Both homebuyers and commercial property seekers want their property in a location with the potential for rapid investment growth. Even when investment is not the target, location still matters for convenience.
When people look around for properties, such as residential flats in Lucknow and other big or smaller cities, they first pay attention to their locality and compare nearby facilities. This is because people want to lead a hassle-free, easy life. They do not want to travel long distances to access their daily needs.
After all, a home buyer or an investor in a commercial property would like a decent return when selling it. That is possible only when the property is always in demand, fueled mainly by the location.
Here are some key reasons why location matters:
Location is a key factor when shopping for a residential or commercial property.
Those searching for ideal residential properties in Lucknow should consider localities with good neighborhoods, nearby schools, and healthcare facilities. An overall good view is also a parameter.
Those looking for commercial properties should consider easy transportation, markets, and major highways.
Here is what you should consider:
Connectivity
The first aspect of investing in a real estate property is checking its connectivity. Every buyer or investor wishes to have a property with connectivity through road, rail, and air.
So, when searching for 3 BHK flats in Lucknow, look for modern public transportation, such as bus stops, metro stations, and rail stations nearby. With all such connectivity nearby, property prices increase.
Neighbourhood
Look for a safe neighborhood when scanning a property for a residential or commercial purpose. Safety is especially important to consider when buying a house. You want your family and kids to feel secure and safe from all possible harm.
A good neighbourhood ensures easy connectivity with all the major areas. It also has all the facilities nearby.
Nearby infrastructural developments
A property near upcoming highways, metro stations, shopping malls, and infrastructural projects is ideal. That is because the prices of such real estate are bound to increase in a few years. You can earn high returns on your investment.
Amenities such as hospitals, reputable schools, malls, and retail centers are always considered ideal property locations.
Local job potential
People look for locations where there is a potential for jobs nearby. Professionals do not want to waste time travelling long distances for daily duties. So, they search for properties that are nearby tech parks, commercial centres, and a cluster of companies. If the local job market is strong, it helps boost residential and commercial property prices, giving you a handsome return on investment.
Jashn Reality – A favourite destination for residential flats
If you are scanning the capital city of Lucknow for properties, then think of exploring the projects by Jashn Realty. It is one of the fast emerging real estate builders in Lucknow for residential properties.
The company runs several projects for people who are looking for 2.5 BHK, 3 BHK, and 3.5 BHK properties. These projects include Jashn Elevate Club Towers, Jashn Elevate, and Luxury Villas. This project is in Sushant Golf City, Lucknow, and is the most-preferred residential project.
All the properties at Jashn Reality have the most modern facilities and amenities. Here is what you enjoy when you own a property in this locality in Lucknow:
- Club Lounge
- Banquet Hall
- Private Party Lounge
- Cafe
- Co-Working Space
- Guest Rooms
- Crèche
- Departmental Store
- Guest Car Parking
- Mini Home Theatre
- Spa
- Yoga Space
- Multipurpose Hall
- Gymnasium
Why does Lucknow matter to investors?
Lucknow is the capital city of Uttar Pradesh. So, it gets the maximum attention from residential and commercial property buyers. They can expect property prices to increase manifold in a few years, with the demand increasing yearly.
However, Lucknow has many advantages for investors compared to other cities. Here are some key advantages:
Affordable homes
When compared to other Indian metropolitan cities, Lucknow is amongst the most affordable to buy residential and commercial properties. So, the capital city is ideal, especially for new homebuyers.
Modern infrastructure
Lucknow is also known for its great infrastructure. The city is home to all the reputed builders who bring their expertise and resources to build cities with modern amenities.
Rich cultural heritage
Lucknow is a traditional city known for its rich culture. The city celebrates many festivals and boasts a wide range of traditional customs. It also has several places that tourists throng.
Educational Institutions
There are multiple prestigious educational institutions in Lucknow. Those looking for modern schools, colleges, and universities can rely on this capital city.
Job opportunities:
With world-famous IT companies building their headquarters in Lucknow, job opportunities are likely to increase. This will attract thousands of job seekers, so owning a property in such a location helps earn good rentals.
So, these are why locations matter when buying homes or commercial properties. Pay attention to each aspect of investing in properties and consider the risk.
Wrapping Up
Real estate thrives on locations. A residential or commercial property in a prime location is an attractive investment, with its prices increasing each year. Great connectivity, neighborhood, infrastructure, and local job markets are the key factors making a location lucrative from an investment point of view.
