Lucknow has seen a remarkable shift in recent years with regard to growth development, real estate, and infrastructure. As a result, the city of Nawabs has developed into a desirable location for real estate investors from throughout the state.

The capital of Uttar Pradesh, one of the nation’s most populous states and renowned for its extensive historical and cultural legacy, is making headlines as a top investment destination.

Lucknow offers investors looking for a long-term value proposition every component needed to drive real estate growth. The shift in consumer preferences has resulted in an increase in demand for commercial properties, forcing developers like the Migsun Group to focus more on commercial projects.

As a result, today we’ll go deep into the cause and comprehend Migsun Group’s new flagship project., the Migsun Lucknow Central, and see how it’s turning into one of the most desired properties in the city.

Lucknow: A City with Real Estate Boon

Once finished and put into effect, a number of ongoing government programs will draw significant funding for the creation of jobs. Economy will be facilitated by more accessible transportation provided by upgraded infrastructure such as new connecting roads, an international airport, and metro links.

By the way, did you know that Uttar Pradesh is also known as the expressway state of India, and most of them pass through Lucknow? 

As a result, several real estate developers are interested in Lucknow. Reputable builders like the Migsun Group have already planned a number of projects that will strengthen the city’s real estate sector. An excellent illustration of how private developers are influencing Lucknow as an investment hub is the city’s new nawab, aka Migsun Lucknow Central.

Over 10,000 professionals are already employed by several multinational corporations (MNCs), such as HCL, which has already opened its IT parks in Lucknow.

Migsun Lucknow Central: The New Real Estate Hotspot

This commercial property, which is well-positioned in Sushant Golf City near Medanta Hospital, offers retail spaces for sale with a significant foot traffic potential because of the several residential hubs that are close by.

Because of its amazing product mix, Migsun Lucknow Central Sushant Golf City is a terrific option that sets it apart from most of its competitors. The property’s location is incomparable since it is being built close to Medanta Hospital, one of the busiest medical facilities in the area. The developer ensures that the property is developed in an environmentally responsible and sustainable manner. The reason is that it was built in a Lucknow smart eco-township.

This not only prepares investments made here for the future but also guarantees a good return on investment, especially as the need for sustainability grows over the coming years.

Additionally, a sewage treatment plant and forward-thinking technology like rainwater harvesting are included in the architecture of the property.

What drives the real estate growth in Lucknow?

Migsun projects in Lucknow have been a hot cake for investors for a few years now. The effect of this can be seen in the latest extension of Migsun Group’s first project, the Migsun Janpath.

But have you ever wondered what led to this disastrous demand for commercial real estate in the city of Nawabs? Well, here are some of the major reasons for the shift of consumer preference in Lucknow and the growth of commercial real estate.

  • Infrastructure: Infrastructure development is intimately linked to the real estate boom. The city has seen a number of initiatives in recent years that are essential to the city’s overall development. This covers initiatives for smart cities, metro construction, and the enlargement of important highways. These improvements raise property values, improve the quality of life for locals, and create more job possibilities by attracting significant investments from huge groups.
  • Employment Opportunity: Job seekers have been drawn to Lucknow by the industrial development of IT and commercial parks, and demand for rental apartments is rising.
  • Improving educational institutions: There is an increase in the demand for student housing in Lucknow due to the opening of numerous new universities and educational centres. This has increased demand for housing as well as the local economy.
  • RERA Act and LDA: The guidelines and scrutiny by acts like the Real Estate Regulatory Authority and bodies like the Lucknow Development Authority increase investor confidence in making real estate investments in Lucknow.

The Final Verdict

North India’s epicentre for real estate investment is quickly emerging from Lucknow. There is a high demand for real estate in Lucknow due to the implementation of the RERA Act, the city’s increased infrastructure development, and other factors.

There will be significant value growth for real estate in Shaheed Path, Lucknow, as developments like Sushant Golf City and Migsun projects in Lucknow (Migsun Lucknow Central and Migsun Janpath), continue to rise. The government and private sector builders are keenly interested in the Shaheed Path region because of its proximity to the international airport.

Having said that, if you want to invest in real estate, now is the ideal moment to do so in order to secure a long-term profit and rental income.