Friday, October 8, 2021

Why Demand For Commercial Property in Lucknow is High?

Commercial Space in Lucknow

Lucknow, the capital city of U.P, is well known for its rich culture, unique intellectual environment, diverse etiquettes, and food. Lucknow, the city of Nawabs, has seen tremendous changes over the last few years. The city is emerging as a preferred choice for young buyers who like modern lifestyles. With a sky-rocketing investment, institutional development, and progressive viewpoint, Lucknow has become an ideal destination for real estate investment. The rapid launch of several commercial projects in Lucknow shows the massive potential in the city.

Many real estate companies like Parsvnath are coming up with residential and commercial townships in Lucknow. Overall, the city offers unlimited opportunities to explore and is a happening destination for investment.

Reasons to Invest in Lucknow’s Real Estate Property

1.       Various Property Choices

Whether you are looking for a luxurious villa or an affordable home or commercial space, Lucknow city has everything for everyone. Catering to the different segments of the population, many real estate groups have developed residential and commercial projects in Lucknow.

For example, Parsvnath Planet Plaza, the best commercial space in Lucknow, located in the heart of Gomti Nagar is slated to be a hot destination for Lucknow. The complex has shopping areas on the lower floors & office complexes on the higher floors. It not only caters to captive audiences of Parsvnath Planet but also services the occupants of multiple group housing around. Built to suit all types of business, this commercial complex shall be the most preferred building in time to come & be a prestigious landmark in the area.

2.       Development

Being the capital city, it is the epicenter of all the development activities in the state. Named in the list of fast-track smart cities, Lucknow is expected to see even more development in the future.

Major development projects being initiated in the city are:

ü  Renovation of Charbagh railway station

ü  Construction of a new airport terminal

ü  Outer ring road project to decongest heavy traffic inside the city and more

This enormous development will attract more businesses and industries and unlock numerous job opportunities.

3.       Connectivity

Lucknow offers great connectivity via rail, road, and air to other cities of the country. National highways NH25, NH28, and NH56 pass through the city. Bus facilities from major cities like Allahabad, Varanasi, Kanpur, Agra, Jhansi, Delhi, Meerut, and other nearby cities are easily available. Air connectivity at Chaudhary Charan Singh International Airport is also great. 

4.       Lucknow Metro

Lucknow Metro made traveling convenient and environment-friendly like other metro cities in India. It saved Lucknowites time and money. The completion of Phase 2 of Lucknow metro will make connectivity pan-city even more seamless.

These are some of the factors that make property investment a lucrative option in Lucknow. If you are planning to invest in commercial property in Lucknow, you can contact Parsvnath and explore a variety of options.