Lucknow, better known as the capital city of Uttar Pradesh, can be conveniently pronounced as the most populous city of the state. With a huge population of around 48, 75, 858, Lucknow has a rich cultural heritage and an illustrious historical background. Being situated in the heart of Gangetic plain, the fertile land of this city holds a considerable chunk of population. This city provides a soothing blend of historical old world charm and modern urban city lifestyle.

Lucknow, better known as the capital city of Uttar Pradesh, can be conveniently pronounced as the most populous city of the state. With a huge population of around 48, 75, 858, Lucknow has a rich cultural heritage and an illustrious historical background. Being situated in the heart of Gangetic plain, the fertile land of this city holds a considerable chunk of population. This city provides a soothing blend of historical old world charm and modern urban city lifestyle.

Lucknow has been the breeding ground for quite a few builders of repute. Ansal API, Eldeco Infrastructure and Properties, Sahara Infra, Omaxe Limited, Parsvnath Developers Private Limited and Unitech Limited are the names of some. The expertise of these builders has been nicely pronounced in projects like Sushant Golf City, Sahara City Homes, Eldeco Greens, Metro City, Omaxe Heights, Omaxe City, Ansals Orchid Greens, Eldeco Eden Park Estate, Eldeco Elegance, Fortuna Apartments and Pearl Court. Flats, as usual, have sold in much higher proportion compared to villas and plots.

A look at the land/plot rates at various locations of Lucknow shows a wide-ranging trend. In regions like Aishbagh, plots sell at around Rs. 1000-1500/sq. ft, in Aliganj it is Rs. 1800-2000/sq. ft. Ashiyana provides plots at Rs. 700-1500/sq. ft. and Chowk at  Rs. 900-1300/sq. ft. Land prices at Gomti Nagar is Rs. 1500-3000/sq. ft. whereas in Hazratganj it is Rs. 2000-3000/sq. ft. At other areas, for example, at Husainganj it is    Rs. 1500-2500/sq. ft. and at IIM Road it is a bit cheaper at Rs. 700-1300/sq. ft.; in Indira Nagar also it is comparatively cheap at Rs. 700-1500/sq. ft. and at Jankipuram it is Rs. 700-1300/sq. ft. Jankipuram Ext sells land at the rate of Rs. 600-1000/sq. ft. and Mahanagar at Rs. 1000-2000/sq. ft. Raibarelly Road on the other hand provides land at quite cheap rates at Rs. 600-900/sq. ft., Rajaji Puram and Sitapur Road at Rs.1000-1500/sq. ft.

Now, we shall have a brief glance at the price trends of flats in Lucknow. Parsvnath City Apartments in Faizabad Road offers flats at rates ranging from Rs. 1600 to 1650/sq. ft. In this apartment complex, 2br flats (900 sq. ft.) can be availed at 14-15 lakhs, 3br with 1135 sq. ft. at 18-19 Lakhs and 3br with 1435 sq. ft. at 23-24 Lakhs and 4br (1665 sq. ft.) at 27-28 Lakhs. Sushant Golf City Apartment Complex located in Amar Shaheed Path offers flats at Rs. 1800/sq. ft. Here, a 2br flat of area 1270, 1295, 1325 sq. ft. can be availed at 24.8 to 25.8 lakhs. The same apartment offers 3br (1995, 2015 sq. ft.) at 38 lakhs and 4br (3845 sq. ft) at 71 lakhs. Sahara City Homes of IIM Road offers a price of around Rs. 2000/sq. ft. Parsvnath Planet in Gomti Nagar offers a range of Rs. 2068 to 2200/sq. ft. Omaxe heights and Sahara Grace in the same location offers a bit higher price range of Rs. 2400 to 2450/sq. ft. Metro City and A I Apartments in Nishant Ganj and Prag Narain Road, respectively, offers a similar range of Rs. 2400/sq. ft. Riz Building in MMM Marg, River front Apartment in Gomti Nagar and Shalimar Imperial in Gokhale Marg falls into a higher price range category varying from about Rs. 3000 to 3600/sq.ft.

Lucknow has been the choice of connoisseurs on account of some good infrastructural developmental activities. The city is known for its good education and research centres, stable transport facilities and good connectivity to major Indian cities. The areas of the cities that have primarily been in focus are situated around Faizabad Road, Sultanpur Road, IIM Road (Hardoi Road), Sitapur road, Raibareily Road and Kanpur Road.

Austics research team has rated even this culture-rich city of songs, poetry, music, delicious cuisine and courtly manners as ‘moderate’ as far as real estate investment is considered.