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Which are some good projects in Lucknow for investment?- Property Hotline
Posted
August 16, 2016
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7,801
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August 16, 2016
7,801
31
5
0.46%
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4:47Now PlayingExpert: Jayashree Kurup, Head of Content & Research at Magicbricks.com .
Question: I am looking for a 2 or 3 BHK flat in Lucknow with a budget of Rs65-Rs75 lakh. The areas I'm looking at are Mahanagar, New Hyderabad, Nishatganj area and Shaheed Path. Per sq. ft. rate I'd like is around Rs3,000 - Rs4,000 and I want projects that will be delivered by 2018 maximum. What is the price trend in the Shaheed Path area (sector 6-7 of Gomti Nagar extention)? How will the area develop in 5-10 years? I have shortlisted MI Rustle Court and Paarth Aadyant in Shaheed Path. Which one should I choose? Are there better projects in the locality? Additionally, I'm considering Madhav Greens in Malhaur area of Lucknow. Is this a good bet?
Answer: In your budget, you can get 2BHK properties in Sultanpur Road, Jankipuram, Vibhutikhand, Gomtinagar, and Mahanagar. The sizes of these 2BHK units are 1200 - 1500 sq. ft. These are Ready-to-move-in new properties. Sushant Golf City is under construction and Ready-to-move-in resale is available for Rs80 lakhs (Rs6,084 per sq. ft.). Rs4,000 - Rs5,500 per sq. ft. is the average range.
In Shaheed Path Area - Parth Adyanth is available for Rs61 lakhs. These are still Under Construction and will be ready by Dec 2016. These are available for Rs3,800 per sq. ft. and in sizes of 1450 - 2350 sq. ft. Madhav Greens in Malhaur of 1000 - 1250 sq. ft. are available for Rs38 - Rs40 lakhs. These are still Under Construction and will be ready by Dec 2016. These are available for Rs3,800 per sq. ft. and in sizes of 1450 - 2350 sq. ft. Madhav Greens in Malhaur of 1000 - 1250 sq. ft. are available for Rs38 - Rs40 lakhs. These are by small local developers.
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