Lucknow is the dream city for people in Uttar Pradesh (UP). Especially for the Central and eastern residents of UP. And why not? It boasts features that have attracted not only real estate developers but also education institutes and work opportunities to the city. It has played a major role in state development and today has become one of the most populous cities in our country.
Even in Lucknow, Raebareli road has been the residential development hotspot for over a decade.
Expert Investors have been following the Raebareli growth and have been recommending great investment opportunities. The development of Raebareli Road has been moving in an upward direction and is showing all signs of positive growth for the coming years.
Let’s look at some reasons to invest in residential projects in Lucknow:
1. Urban Development In Raebareli Road
More than 50% of properties in Raebareli road, Lucknow are residential plots. This has attracted several investors to the city. In research conducted, almost 70% of UP will be urbanized by the year 2031, and Raebareli road is among the areas where rapid growth is witnessed.
High Rise apartments are replacing traditional ones. Land acquisition in this area by builders and investors is going on smoothly. The government is also playing a role in the development of Raebareli road as the residential road of Lucknow city. UP Awas Vikas Yojana, Vrindavan Yojna are some to name. Big giants like Eldego, DLF, Omaxe started investing in Raebareli when the road was still at its booming stage. Don Bosco management college, Surya Engineering and management college, Ranapratap management and engineering college, Mahesh Prasad Degree College etc., are also some projects that saw potential in Raebareli road in the early days.
2. Connectivity of Raebareli Road:
The 4 lane highway stretching from Allahabad to Raebareli has made many projects turn their choice towards Raebareli road. It is linked to Shaheed Path, a highway project connecting the town of Lucknow with other highways.
Raebareli Road, Lucknow, has an excellent connection, to say the least.
- Nearby Station (10 k.m)
- Airport (6 k.m)
- Malls close by
- Hospital within 1 km
- Close to well-known Schools and Colleges
Raebareli Road and Sultanpur Road are regarded as Lucknow’s future avenues. The area has vast tracts of military land because Lucknow cantonment is located between Raebareli Road and Sultanpur Road. Local development in this region has started, with the very rapid development of the region by several pan-Indian building firms.
One of the best medical houses in our country, SGPI, is here if the inhabitants need them. Green areas, government hospitals, and large universities and schools are the main reasons it attracted families to live here, which is why the most investment in Lucknow is made here.
3. Affordable houses in Raebareli Road:
One best advantage of Investing in Raebareli Road is the availability of affordable housing. Finding a dream home in this region is much more affordable than in other populous cities.
Most of the apartments in Raebareli road are 2 or 3 BHK. A typical Raebareli road residence costs between Rs. 2300 and Rs. 3000 per square foot, while land plot costs between Rs. 1500 and Rs. 2500 per square foot, depending on where the apartment is located and its proximity to the main road. The average monthly rent for a 2 BHK apartment in Raebareli road varies from Rs. 4000 to Rs. 6000.
4. Near Bottom Housing Interests:
A few other external factors that may help a home buyer in Lucknow. House loan interest rates are all near the bottom in Lucknow. The government is also looking into the safety of buyer investments. The Uttar Pradesh RERA, based in Lucknow, is one of the most active organizations. It is one of the most professional property markets in North India, thanks to strong investment groups and a preference for white money in most transactions. When compared to other cities of comparable size, the cost of living is low, leaving households with a substantial investible surplus.
Lucknow’s real estate map is in the midst of a transformation. Lucknow will continue to be one of India’s most rapidly appreciating property markets. Raebareli in Lucknow is a fantastic place to invest if you’re looking for rapid and long-term real estate appreciation. With more civic amenities development and new residential projects in Raebareli, it offers an excellent investment opportunity to all property seekers. It is seeing maximum activity both from real estate developers and buyers. There is a rise in demand for houses for sale in Raebareli Road, Lucknow. Real Estate Market Trend of Raebareli Road Lucknow is at an all-time high. As a result, investing in property in Raebareli at this time is a risk-free proposition.
Considering all the above points we can say that Raebareli Road Lucknow is one of the prominent hubs for real estate investment & for living. If you are a property buyer looking for an apartment or plots for living or for investment feel free to call our help team at +91-7669414340.
Watch the actual video of various residential projects on Raebareli road Click Here
Regrob is a Tech-Enabled Real Estate Brokerage Firm with more than 35 Branches in PAN India. We have our dedicated team in all branches that provide accurate and correct information about the project. We are the RERA-certified real estate brokerage company to work in UP with RERA Number- UPRERAAGT12681.