Lucknow, in the past few years, has become synonymous with infrastructure, development, and growth. The expanding city, with new areas being included in its master plan, promises planned development along with smart city initiatives.
Gomti Nagar Extension, Shaheed Path, Sultanpur Road, and Sushant Golf City are a few new regions that have been included in the region. These areas, thanks to the mammoth road infrastructure and sectoral division, are giving great appreciation to investors in the short term. Such that, Shaheed Path has an average year on year growth of about 26% which happens to be more than the whole of Lucknow.
Hence, today, let’s dive deep into the real estate of Shaheed Path and understand what makes the region a great choice for investment. Along with that, we’ll also decipher if a commercial or a residential investment here is the best choice.
Shaheed Path: A brief introduction to the location
The 23 km long bypass road was inaugurated in 2012 to help ease congestion while going and coming from Kanpur Road to Faizabad Road. With that happening, the road has seen developments on both sides, with two major townships, Sushant Golf City and Vrindavan Yojana, sprouting and attracting residents.
The road passes major city destinations and makes commuting as easy as it gets. It directly connects Lucknow with its international airport in Amausi while providing ample options to be connected via the metro and other ring roads and bypasses. Hence, for everyone who wants to buy a commercial property in Lucknow for sale, Shaheed Path promises everything you would ever ask for.
Why invest in Shaheed Path
Whenever you make a real estate investment, there are five major factors that you need to consider. Hence, let’s simply get to the bottom and see how the region turns out.
- Location: Shaheed Path being centrally located promises high visibility to business since there are many residential hubs in close proximity.
- Infrastructure: Shaheed Path has a growing and developing infrastructure that makes it a great choice for all types of investors.
- Employment: There are many companies that are actively investing in the nearby regions. For example, HCL’s biggest IT park is just minutes away from Shaheed Path that alone employs thousands of working professionals.
- Affordability: Properties of Shaheed Path are quite affordable and have a great scope of capital appreciation.
- Quality of Living & Ease of Doing Business: Shaheed Path is a planned development promising easy connectivity and availability of physical infrastructure. Doing business is a breeze here thanks to the government’s single window clearance.
Choosing the right investment: Commercial or Residential properties
Would a commercial property on Shaheed Path be a great choice over a traditional residential property? Or, are you fearing to miss out on the modern residential apartments that are shaping up Lucknow’s lavish lifestyle?
Well, here’s the catch.
No matter what type of investor you are or what you are looking for, Shaheed Path is an ocean of real estate development with top developers showcasing amazing developments, each unique in itself.
If you are looking for a residential property there are many under construction and ready to move in properties in Sushant Golf City. Some of the best properties to check out are Ekana Ontario, Excella Kutumb, and Rishita Manhattan.
Commercial properties on Shaheed Path are taking things to new heights since investors are keen on making top-tier investments. Migsun Janpath, Migsun Lucknow Central, and Ekana Mall are some properties to look forward to. Ekana Mall is under construction, and talking about Migsun Janpath’s construction update, the property is currently under construction, and possessions will be given in December 2024.
Latest Trends to consider while investing in Lucknow’s commercial property
While making a real estate investment, it is important that you are aware of the best practices that need to be followed. This ensures that your property is up to the current trend so it can get a higher resale value in the future.
Here are some of the trends to consider when choosing the best commercial property in Lucknow:
- Green Development and sustainability are the need of the hour; hence, investing in eco-friendly developments will retain significant resale value compared to projects that follow the conventional investment choice.
- Smart homes and spaces that are tech integrated will attract high demand in the future. Hence, if you want to book shops in Lucknow, consider properties that have features like smart lock technology, and energy efficiency.
- Invest in Coworking spaces since the future is all about co-working. Already, many companies are shifting towards renting coworking spaces rather than conventional spaces. This gives them flexibility and is more cost-effective.
- Luxury is not new to Lucknow. The nawabi style that the city is popular for demands luxury that complements the style of investors. Hence, luxury properties are always in demand. This not only applies to commercial properties but also to residential spaces for sale.
- Natural lighting and fresh air ventilation is an important aspect while investing in real estate. Since the pandemic, there is an increased demand for a healthy lifestyle embraced in nature.
Conclusion
Investing in Lucknow is a sound decision, and if you are wondering where to invest, undoubtedly, it’s the region along the Shaheed Path. The region has shown high appreciation in the past, and if historical trends are to be believed, they will not stop anytime soon.
Shaheed Path has a strategic location, is well-connected, and has tons of options when it comes to choosing the best property. The region houses some of the top developers like Rishita, Excella Group, Migsun Group, and the Ekana Group, making it home to both commercial and residential developments.
The planned development and the smart city initiatives make sure that the properties are currently available at an affordable price and promise a high standard of living due to robust infrastructure development and ample civic amenities.
