1. Multicultural city known for tourism, music and poetry 2. Fastest growing job-creating city of India 3. Fastest growing tier-II real estate market 4. Good infrastructural cities with well-developed connectivity
Under Construction: 29
Ready for possession: 26
Lucknow is the largest city of Uttar Pradesh and is also the administrative headquarters of the state. The city has always been known as a multicultural city that flourished as a North Indian cultural and artistic hub and the seat of power of Nawabs in the 18th and 19th centuries.
Lucknow has a flourishing economy with various industries located here. Some of them include aeronautics, machine tools, distillery chemicals, furniture and Chikan embroidery. In recent times, the city has also emerged as a major IT hub as IT giants like TCS and HCL have already set up their operations here.
In terms of GDP, the economy of Lucknow is growing at a faster pace as it is amongst the top 15 cities in the country. Also with rapid infrastructural developments, many people from the neighboring cities have shifted their base to Lucknow to have a good professional life and the process still continues.
All these developments have provided a great impact on the real estate market of Lucknow. Localities like Gomti Nagar, Alam Bagh, and Indira Nagar have seen tremendous capital value appreciation. Also, the property prices in many areas in Lucknow have multiplied four times. Rapid urbanization and greater development the city is helping the city to move ahead at a faster pace as well as will also let to tremendous growth in the future.