Why property prices are rising in Lucknow's Aliganj

Lucknow

In a survey, majority of homebuyers preferred buying a residential house over other property types.

Over 56 percent respondents preferred to buy a multi-storey apartment while another 20 percent chose residential house over other property types in a survey "How do you feel about buying a house?" conducted by Magicbricks. Buyers from Lucknow who also participated in the survey shared that they would like to make an investment within the coming 6 months.

Choose Aliganj

Magicbricks data indicate that Aliganj in Lucknow showed a price growth of 6 percent for apartments and 9 percent for residential houses. As a buyer, it makes sense to invest in a locality already witnessing a price jump. Trends are somewhat suggestive of the upcoming values in future.

Aliganj's current price trends are positive and if it is to be believed the property owners will enjoy good returns of investment in future.

The current average rate of properties is Rs 4,480 per sq ft. The residential inventory consists of residential houses, residential plots, villas and flats. The commercial inventory consists of commercial shops, commercial land, office spaces and commercial showrooms.

What do the residents say?

Magicbricks readers consider Aliganj as a good residential locality. This was reflected in the ratings shared by them.

Shailendra Kumar, a resident of the locality says, "Aliganj is a good locality. It is well-connected with public transport which is available for 24 hours. The locality has easy going traffic with parking facility. The safety quotient is high. It is clean with good infrastructure comprising of schools, market and hospitals."

The closest station is Vindhyachal Railway Crossing. Within a radius of 3km, one can find hospitals, schools, ATMs, restaurants, pharmacies, gyms, etc. Kursi Road Biotech Park is located in the area, thus offering open space to people looking for it. It is suitable for retirees, couples and families.