Investing in real estate is a time-tested way to make assets and secure a future for a long-term capital gain. However, the whats and how of investing keeps evolving per se based on market conditions and trends. For example, currently, real estate investments are more inclined towards the rise of commercial properties compared to that of traditionally chosen residential real estate.
The city of Nawab is no different. The city in the last few years has seen an increasing demand for real estate properties making the city a growing hub for investors especially in the commercial domain so much so that developers like the Migsun Group are forced to launch new projects after the success of their maiden commercial project to meet the demand.
Therefore, in this blog, let’s pay special attention to the project ‘Migsun Lucknow Central’ while understanding the real estate domain of Lucknow as a whole!
Lucknow: The Real Estate Magnet
The city of nawabs has seen a massive transformation in the last decade and has emerged as a promising hub for investments. The likes of this can be seen in the amazing figures of price appreciation in the city.
Lucknow has seen a year-on-year growth of over 15% since quarter four of 2022, and the trend is likely to continue for the next few years as well. There are different regions in the city that have surpassed the YoY growth of the city, giving unprecedented appreciation and short-term gains. The reason being scope of further development.
Old Lucknow, or central Lucknow, is highly developed and lacks less to no space for infrastructure development, forcing the city to spread its boundaries to new areas. Areas like Gomti Nagar, Gomti Nagar Extension, Amar Shaheed Path, and Sushant Golf City have scope for development since the regions are continuously developing and have a promising future ahead. If the master plan is to be believed, these areas will be planned under smart city initiatives and will be a part of city expansion.
Migsun Lucknow Central: A Boon for Investors
Migsun Lucknow Central is the developer’s second luxurious project on Shaheed Path Road, following the success of Migsun Janpath. The initiative, which has its roots in the same tradition as its predecessor, seeks to transform the Lucknow corporate landscape. What distinguishes the property most is its amazing product mix. The facility has retail establishments, food courts, and commercial studio apartments.
The site offers companies outstanding foot traffic and fantastic accessibility to all important facilities due to its near proximity to educational institutions and transit hubs. Migsun Lucknow Central’s prime position in Sushant Golf City ensures a fair amount of foot traffic, especially considering the several residential buildings that are now under construction in the vicinity.
Advantages of Investing in Migsun Lucknow Central Shops
For investors, price appreciation is the first thing that they’ll ever consider while investing in real estate. It depends highly on factors like location, product mix, and primary investment. Lucknow’s real estate is highly affordable, and since the property is a new launch, it offers amazing offers and discounts.
Therefore, if you are an investor, here are the top location advantages of investing in the Migsun Lucknow Central:
- A commercial development right next to Medanta Hospital in Sushant Golf City.
- Easy connectivity through Shaheed Path
- Proximity to Lucknow’s prime entertainment destinations like Ekana Cricket Stadium, Lulu Mall, and Phoenix Palassio being just 6 km, 1 km, and 5 km respectively.
- Lucknow’s International Airport is just 15 minutes from the property through Shaheed Path, making it prone to high footfall and visibility.
- Surrounded by many high end residential developments which work in its favour to yield high rental income due to high footfall from residents.
Over to You
For real estate investors looking to make a commercial investment in desirable Lucknow neighbourhoods that offer steady rentals and long-term financial returns, Migsun Lucknow Central shops appear to be a good option. The property will appreciate significantly over the next several years as the area’s infrastructure improves, as the place is still expanding.
Because of this, Migsun Lucknow Central has excellent connection, appears prospective given the anticipated large volume of traffic, and has wonderful features and services that are useful for the property. As a result, because the property has just debuted and is offering several early bird discounts, now is a wonderful moment for real estate investors to get started. Your purchase price will be significantly lower as a result, increasing the likelihood that you will receive a larger percentage discount.