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New Hut Infrastructure Pvt.Ltd.! Real Estate Company In Lucknow: Why you must invest in Lucknow’s Vibhuthi Khand right now 0

Friday, 2 September 2016

Why you must invest in Lucknow’s Vibhuthi Khand right now

Vibhuti Khand in Gomti Nagar is an up and coming residential and commercial locality in Lucknow.  So if you are planning on investing in real estate in Lucknow, a flat in Vibhuti Khand is highly recommended by real estate experts.

Besides being a well planned residential and business district, there is another factor which will impact the realty prices in Gomti Nagar and that is the city metro which will provide rapid transportation to many. Realtors say that once the metro connect happens prices of properties for sale in Vibhuti Khand and other areas within Gomti Nagar will shoot up. This has already happened in Delhi where connectivity by the Delhi Metro has been a major factor for rising realty prices. Umpteen surveys on the impact of rapid transportation on reality prices have also proved this point.  Crossing along an elevated route, the train coming from the airport terminal will be diverted towards Gomti Nagar, at the Indira Nagar trisection, for the Gomti Nagar Metro Link.  The stations which are being planned on this route are the Indira Nagar trisection, West End Mall, Gomti Nagar and Patrakarpuram.
Gomti Nagar is a planned locality developed by the Lucknow Development Authority with the various sectors in the locality known as “Khands”. Interestingly, all of them start with the letter V. Gomti Nagar and Gomti Nagar Extension are both well planned and stake a claim to being the largest township of its kind in India. Currently, the area has about 5 lakh residents; the population in this area, by the year 2021, is expected to be 1.3 crore. Gomti Nagar is also one of the growth corridors in Lucknow; so if you are looking for flats in Vibhuti Khand, this is as good a time as any.
A quick look at the online realty sites shows you that there are a number of properties for sale in Vibhuti Khand.  An investment into either property or flats in Vibhuti Khand is likely to pay off, because Gomti Nagar is well developed with many malls, Information Technology (IT) Parks, Special Economic Zones (SEZ), universities, multiplexes, clubs, banks, food courts and entertainment zones.
The residential colonies are almost always park facing, as the planning is based on the maximum open space concept. Besides high end residential projects, Gomti Nagar has developed as the IT hub of Lucknow. It has also gained importance as a business district since many important offices such as the Reserve Bank of India building, NABARD, Passport Office, are located here. The state and national level headquarters of the multinational company, Sony, is also located here.
The Gomti Nagar Railway station, besides the Metro, is on the Barabanki Lucknow suburban railway line. This is a great help to commuters who wish to connect to other parts of Lucknow. Currently there is a demand for housing in Lucknow, though the market is still sluggish.
According to newspaper reports, the demand for housing has been set at 30,000 units and this is likely to grow, considering the growing population of IT professionals in the city, non resident Indians (NRIs) and other upwardly mobile people.
Lucknow is the state capital and is also an education centre. The coming of the Lucknow Bypass Road and the Lucknow Kanpur Expressway will improve travel time and connectivity with Kanpur, Sitapur, Raibareli, Sultanpur and so on. The city’s infrastructure has also received a fillip with the implementation of the Jawaharlal Nehru National Urban Renewal Mission (JnNURM) under which a number of schemes have been undertaken, including the metro. This has led to developers coming in with mega projects such as townships and shopping malls.
Since Gomti Nagar has emerged both as a residential and business hub, check the papers forproperty for sale in Vibhuti Khand to see if the particular plot is earmarked for residential or commercial use. It is important to check this, otherwise the home buyer will have a lot of problems to solve before he can construct.

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