Saturday, 15 April 2017

Lucknow is on the top of the investment radar for Real Estate Enthusiast — PSS Builders

Lucknow is on the top of the investment radar for real estate enthusiast. Skyrocketing property prices in Lucknow don’t seem to deter many from buying property here. In fact, over the years the demand for residential property in Lucknow has risen to a great extent. As a result, the Real estate in Lucknow is a strong market for people looking for property for sale as well as rent. Metro Rail connectivity has been an important factor in enhancing the real estate development in Lucknow.

Lucknow Development Authority’s new farmhouse policy is changing the dynamics of the luxury residential segment in the city. Last year, LDA regularised all farmhouses that came up prior to 2017. Not only this, Land pooling policy once implemented is expected to strongly impact the real estate market.

With the rapid economic and infrastructure growth, the real estate market in Lucknow has jived back in action and is witnessing a steady growth. The city is offering multiple options in both Residential and Commercial Property in Lucknow segments. Several new projects are scheduled for possession in the next one year. possession in the next one year.

With Lucknow gradually developing into an economic hub in the west of India, professionals migrating to the city prefer to buy property here instead of buying in their home cities or taking an accommodation on rent. The residential sector experienced healthy demand and supply across the city. Both resale and new property segments registered a fair amount of transactions and an average value appreciation.