Lucknow: Is It The Next Major City For Property Investment After Gurgaon
Gurgaon has played host to the property boom of recent years, with builders and developers from all over the country launching new projects in the area. But what does this mean for the market? The most obvious effect is that prices for property in Gurgaon have gone up considerably: a two-bedroom apartment will cost you Rs 9,000 per square foot at least, and that's on the low end. This has led to many people being priced out of the market - and if this trend continues, it could lead to a major drop in demand for property in Gurgaon. But if Lucknow becomes India's next major city for property investment or buying LDA approved plots in lucknow , will this have an effect on prices? It depends on how quickly other areas grow. If they do so faster than Gurgaon, then there may be some price increases - but they won't happen overnight; instead, they'll be gradual. Here are some reasons to invest in property in Lucknow: Major growth projected for the next decade The Gross Stat...