Lucknow is becoming a hotspot for property developments. Almost all major real estate developers have presence in the city and many local property builders are upgrading their profiles to make their mark. Besides residential and commercial complexes, the real estate developers have also added new avenues like Cyber Complexes and Cyber Hubs to their agenda, transforming the City of Nawabs to one of the fastest growing cities in the country.
New residential Attractions
City-based Sahara Housing and Infrastructure Ltd. has ventured into premium housing segment with Sahara Grace. These luxurious houses are being built at Jankipuram and sprawl over a built up area of 670,000 sq ft. Sahara Grace is just adjacent to Sahara States Township that has deluxe apartments of 3/ 4 bedrooms.
On the similar lines, Parsvnath Developers Limited (PDL) has launched Parsvnath City at Uttardhana on the Faizabad road. This city is spread over 35 acres and has 2/3/4 bedroom accommodation. Parsvnath City is an integrated township that will have a primary school, modern club, gym, sauna & spa built with in the township. Another premium housing project unveiled by PDL is called Parsvnath Planet. This is another integrated township that has been planned with ultra-modern lifestyle amenities.
Commercial property development
In the commercial property segment, many malls and commercial complexes have been lined up by property developers like Sahara, Omaxe and Shipra. There are about 12 new malls where construction is in full swing and will be completed by 2010.
Gomati Nagar will have five malls namely - The Zee Mall, The East End Mall, Singapore Mall, Citi Mall and Riverside Mall. Hazratganj is another prominent retail destination. The place will have three malls soon - Tej Kumar Plaza, Raja Ram Kumar Plaza and Ansal Plaza.
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