Article Sphere Logo
 
Main Article Categories

 Alternative Medicine
 Arts And Entertainment
 Automotives
 Beauty
 Business
 Communications
 Computer And Technology
 Disease And Illness
 Finance
 Food And Beverage
 Health And Fitness
 Home And Family
 Home Based Business
 Insurance
 Internet And E-Business
 Legal
 News And Society
 Pets And Animals
 Product Reviews
 Real Estate
 Recreation And Sports
 Reference And Education
 Self Improvement
 Shopping
 Travel And Leisure
 Women Health And Fitness
 Women Interests And Issues
 Work At Home
 Writing And Speaking
 All 511 Categories
 
"International Real Estate" Article
 Article Directory Home Real Estate International Real Estate

New Horizons of Lucknow Properties

By Expert Author: George Gonigal
View Summary | Submitted: 2008-07-24 | Word Count: 354 words | Views: 151 view(s)
George Gonigal
Rapid growth of real estate in Lucknow has changed the demographical scenario of the city as well. Being an old city there is not much space left in the core city for further development. Therefore, Lucknow real estate builders are now shifting focus and launching their projects especially in the outskirt of the city.

The transformation of Lucknow real estate market can further be accredited to the surge of construction activity primarily in the residential sector. Lucknow real estate developers are coming up with number of township projects on the outskirt of the city.

One such project by Sahara City Homes is in full swing and the possession of property will begin in the year 2009. A total of 30 blocks are under construction. These 30 blocks will house 1620 residential units. The construction of other blocks will commence by the end of this quarter. This project is spread into 175 acre on Hardoi Road.

Besides, Eldeco is developing a 200 acre project, called Eldeco Town on Sitapur road. The range of these apartments is between Rs 20 - Rs 50 Lakhs. Other national builders like Omaxe, Ansals, Parasvnath, Rohtas are also developing their residential project in the suburb of the Lucknow.

The localities of Gomti nagar, Mahanagar, Janakipuram and Indiranagar have now developed as the new residential centers. To buy a 3 BHK (1775 sq ft) apartment in Gomti nagar, Lucknow one has to shell out around Rs 35 Lakhs. The rent in Gomti nagar is about Rs 10,000-14,000 per month. On the other hand, the capital value of a builder floor apartment in the Aliganj and Jankipuram ranges around Rs 25 Lakhs for a 1000 sq ft area. The rental value in Aliganj is approx Rs 9,000 per month and it varies according to size and floor of the apartment unit.

During the past few years, the real estate graph of the city has grown manifolds. Biotech and IT are the two focus areas to promote economic development in and around the city. According to Lucknow real estate agents, the increased employment opportunities and good salary packages has created an added demand for Lucknow Properties.
About the Author/Author Bio

George Gonigal provides you the best and latest information on India Real Estate, If you want to Houses for Sale in Bangalore, he suggests you log on to magicbricks.com

Article Source: http://www.articlesphere.com/Article/New-Horizons-of-Lucknow-Properties/156773

This Article has been viewed 151 times.

Comments on this Article


More "International Real Estate" Related Articles

 

Listed below are more articles related to the above article from the "International Real Estate" article category.

People interested in the above article "New Horizons of Lucknow Properties" are also interested in the related articles listed below:

When a Mexican foreigner is wishing to invest or purchase waterfront property in Mexico, he has two options on how he plans to hold onto the asset; either by establishing a Mexican Corporation or by establishing a Mexico Bank Trust. This article will explain some tips on what to review in a Mexico Bank Trust.
In the past six months, many savings accounts and nest eggs have been depleted significantly with the financial crisis of 2008. Many retirees are now facing some difficult facts that they now may outlive their calculated savings. Some options as strategies to these new facts may consist of sacrificing several higher standards of living habits, postpone retirement or semi retire, or retire into less expensive regions which may include international territories such as Mexico.
Are you thinking of buying Mexico Real Estate or adjusting your portfolio to include Mexican properties? If so, some simple guidelines will ensure a safe and profitable Mexico real estate investment. There are many options of real estate in Mexico, but you need to understand the process, the risks involved, and of course the potential returns. One of the first steps involves choosing the area of interest for your investment or of your second home.
The Playa del Carmen and the Tulum Real Estate market have been some of the regions with the strongest demand in Mexico over the past 5 years. Various opportunities exist in these markets including single family lots, oceanfront properties, and vacation rental property investments.
The final purpose of purchasing a condo in Mexico, may either be for personal use or for return on investment goals, but whichever the case, three items should be included on your decision making check list...
Pune, the Queen of the Deccan, located in Western Maharashtra. The city, today has become a global city, and is representative of the very best in Indian society. The city has taken development and equity on equal pedestals, and has therefore succeeded in becoming an example worth being emulated.
Most of the Goa real estate builders offer residential segments in the form of beach-front luxury apartments, Portuguese style villas and sea-facing bungalows. The demand for property in Goa is high not only because of its obvious appeal but also because stamp duty and property taxes in Goa are lower than in other states. There are however some threats for real estate development in the state.
Buying property in Kefalonia, Greece can be very appealing to many investors because most of the investors are looking of cutting down their cost of livelihood up to 75 per cent. Buying property in Kefalonia is not an easy game, you need do your research and homework to be successful.
Article Directory Home Real Estate International Real Estate

Can't find what you're looking for? Try Google Search!
(Search in 26 languages: English, Spanish, French, Japanese, Arabic, Italian, German,
Chinese Simplified, Chinese Traditional, Dutch, Korean, Portuguese, Russian, Greek, Serbian
Slovak, Hebrew, Swedish, Romanian, Polish, Norwegian, Finnish, Danish, Czech, Croatian, Bulgarian)
 
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.
Template Design by Internet Marketing Singapore | Internet Marketing | Singapore Classified
Español Français Bulgarian 汉语 漢語 Croatian Czech Danish Dutch Finnish Deutsch Ελληνικά Italiano 日本語 한국어 Norwegian Polish PortRomanian Русско Serbian Slovak Swedish [أربيك] Hebrew