Lucknow Property Rates
|Lucknow Property Rates have shown consistent rise over the last few years. With the development in the mature stage, the city has drawn the attention of many big real estate investors and companies. Some of the city finest residential projects are in the final stage of completion. They are holding many promises to their investors. Prices of both residential as well as commercial properties are expected to rise in the coming quarters.
The booming real estate sector in the Land of Nawab has made it an ideal place for buying residential property. The city is also advancing in its commercial growth. The city is also in the race of being next metropolitan city of India. The prime location of the city such as Gomti Nagar, Alambagh, Mahanagar, Vikas Nagar etc have shown maximum hike in their prices.
Many property builders have adopted new methods of construction. Modern design, stylish and luxury amenities, ultra modern technique used in the construction are some factors that have led to the increase in property price. Many new companies have established their offices in Lucknow and are doing very well. The state government has also taken interest in development of infrastructure. They have spent millions of money to keep the city clean.
The property rates in the areas of Faizabad Road, Hazratganj, Gomti Nagar, Sultanpur have increased in the current year where as in the area of Raibareli the price have decreased.
To buy 1 bedroom Apartment in Lucknow you have to spend Rs 18 lacs on an average. Two bedroom Apartment can be purchased for Rs 30 lacs. Three bedrooms Apartment is available at Rs 46 lacs. The average price of residential plot is Rs 72 lacs, where as you have to spend Rs 1.5 crocre to buy commercial office space in Lucknow.
Property Rates in Lucknow
Property rates may vary according to the location, time, size and condition of the property. Below is the list of residential property rates in different areas of Lucknow.
|Aliganj||890-1160||690-990||1450 - 2000|
|Hazrat Ganj Alambagh||1200-1750||3000-3650||3520-4200|
|Locality||Apartment (Price/sq ft) Capital Value||Price/monthApartment (Price/sq ft) Rental Value|
|East||1400 to 4000||5000 to 11100|
|North||1500 to 2650||4500 to 11400|
|South||1450 to 2750||5600 to 9900|
|West||2050 to 3050||6000 to 11250|
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Last Updated On: 2012/03/06