Many of the top developers have projects in the Sultanpur Road belt. In their opinion this belt is one of the fast developing areas in Lucknow.
LUCKNOW: Lucknow has been growing for a quite good while. The city has become one of the hot real estate hubs in Uttar Pradesh. Though there are many hot destinations in Lucknow, the investors are more attracted to Sultanpur Road belt where a large number of top end projects are coming up.
Once the news about the proposed IT city in Lucknow came out, the demand for residential properties in this city has gone upward. Builders are rushing to the area. Even the least wanted or left barren places also have become hot plots.
In the opinion of realty experts of the area, the hottest destination is Sultanpur Road. The main feature of this belt is that it is one of the main connecting roads. This road connects the residents to Lucknow city.
The demand for the properties in the city was all the more boosted by the proposal to build an international stadium here. If the international stadium is becoming a reality, the city will find a place in the world map. More people will be attracted to the city.
Ansal API, Omaxe and Paarth Infrabuild are some of the top developers who have upcoming projects on the Sultanpur Road. Paarth Infrabuild has already announced a residential investment of Rs.1400.
Along with the builders, realty investors are also attracted to the area now. The assurance of better returns really boosts the sentiments of investors. Once the international stadium and the IT City are developed the value appreciation will be still higher.
The proposed IT city is expected to offer vast number of job opportunities to the people here. This will result in the flow of population to Lucknow.
