Lucknow properties were never so highly in demand before. The real estate of Lucknow is one of the many booming sectors. The Lucknow property market has not just doubled in size but has also displayed an entire paradigm shift to a more contemporary real estate development form. One can find upscale properties coming up in different parts in and around Lucknow.
Real estate giants like DLF, , Sahara, Unitech, EmaarMGF, Parsvnath etc. are creaming her potential. Lucknow is one of the few Indian cities that follows vertical outgrowth plan like Delhi, Mumbai, Surat, Ghaziabad etc.
The city boast handsome skyline in Gomti Nagar, Hazratganj and Kapoorthala. The highest under construction building is Sahara Hospital which will have 35 floors followed by Metro City(30 floors), Parshvanath Planet(25 floors) and Omaxe Heights(23 floors). Presently the highest buildings are Shakti Bhawan(21 floors) and OCR(20 floors ). The city boast high property expansion rate. It is expected that city will have $2.5 billion organised real estate by 2010.
Knight Frank Research
According to Knight Frank Research Lucknow real estate market has gained momentum over the last 2-3 years. The city offers substantial potential for future growth and this is being supplemented by proactive policies of the state government.
Lucknow Development Authority (LDA) has taken active initiative in all round development of Lucknow.
Land banks are being auctioned in specified locations to bring about a planned development of the city.
Proper planning of the city's infrastructure and of amenities and utilities is being done to support future
growth and development in the city.
The entry of a number of national level developers and retail brands in the city points towards the positive
outlook for the city. With the backing of quality manpower availability, supportive policies and increasingHalwasiya