Lucknow the capital of Uttar Pradesh is popularly known as the 'City of Nawabs

Real estate market in India is on the upswing while builders in India are rapidly investing in all the parts of the country. New constructions in this field are into an all-time growth. Indian property developers are buying properties in large number for construction of townships and residential complexes.

Lucknow the capital of Uttar Pradesh is popularly known as the 'City of Nawabs'. This city has a high historical and cultural importance and is famous for its courtly manners, beautiful gardens, and music, poetry and fine cuisines. Lucknow is enriched with architectural heritage and is witnessing major developments across all the sectors at a speedy pace. By ranking among the top ten fastest growing tier-II cities of India, it is quickly evolving as a real estate destination.

Lucknow, also called 'The Golden City of the East' is witnessing an economic boom today. The surge in its industrial activities has led to a boom in real estate sector which has also changed the demographic boundaries of the city. Being an old city, the government and people have a lot of veneration for the city and its residents. Lucknow is imbued with multicultural spirit and so, property developers are focusing developments more on the peripheral areas of the city. Positive trends in Lucknow property market have tempted leading developers like Parsvnath, Omaxe, Eldeco and Uppal Group to launch some mega projects in the city.

The unprecedented demand for properties has proved progressive for Lucknow and transformed it into an upcoming metropolitan city. This demand is raised by students from all over the country who migrate to the city to attend to some of the most premier and eminent educational institutes in Lucknow and nearby areas. It is further augmented by professionals who enter this region to work with some of the most reputed brands of India and abroad. NRI investments also make for substantial amount of raise in demand for quality housing.

The property in Lucknow is being developed with a wholesome approach but housing and retail sector are witnessing an all time high. Some of the important developments in the retail sector include:

-Fun Republic Mall in Gomti Nagar promoted by Lucknow Development Authority on an area of approx. 5 lakhs square feet. It consists of a 6-screen multiplex, department stores, music and gift shops, food courts, fine dining restaurants, a boutique business hotel gaming and other lifestyle retail options.

With the kind of growing economy buying, selling, investing and renting properties in India is considered a lucrative option by the people world over. Moreover, an increase in the property rate in the Indian real estate market in Lucknow, even in tier- II or tier - III cities of India, is showing an upswing trend in building and construction. According to real estate agents in India, this is indicative, at least on one level, of a clear interest of people in buying or selling of properties.