5 Benefits of Owning Land in Lucknow
Lucknow real estate is on the rise with many builders opting for this city as their next destination for development. This boom in the realty sector has had a direct impact on the growth of land prices in Lucknow. The trend is expected to continue for the next few years. For the aspiring homebuyers, this can be a good time to invest in LDA plots in Lucknow and get returns when you want to build your dream home.
Here are some benefits of owning land in Lucknow:
Freedom
Once you have your own plot of land, you have the freedom to do whatever you want with it. You can build your dream home or even start your own farming business – it’s up to you! There are so many options when it comes down to owning land and having that freedom really does make things better in life. Not only do you not have any restrictions on what type of home can be built but there isn’t any city planning department telling us how many trees we should plant or where they should go either! This is one of the main reasons why people love having their own piece of private property so much!
Low Price
The prices of RERA Approved plots in Sultanpur road Lucknow are still affordable as compared to other cities in India. Lucknow is an upcoming city which has been attracting builders and new residents alike. The city offers excellent connectivity and amenities which makes it attractive for real estate developers and potential homebuyers. Part of the Smart City Project, Lucknow has been witnessing a steady growth in its infrastructure which makes it one of the best places to invest in land. The cost of land varies from location to location but it is still cheaper than other cities like Pune, Bengaluru and this makes it an attractive investment option for aspiring homeowners. With more people showing interest in buying properties here, there has been a notable increase in demand for property over the past couple of years which has made investing here lucrative for buyers who wish to sell their property
Long Term Return
Land is considered to be a fixed asset with stable long term returns compared to other assets like stock or bonds which can be volatile in nature. Returns from land investment may not be as high as stocks or bonds but it comes with very low risk profile and can yield steady returns in the long run.
Appreciation
As mentioned earlier, the value of land appreciates over time due to various reasons like location, appreciation in property prices and inflation which makes it ideal for investors who are looking at stable long term returns without taking on too much risk.
Good connectivity through Road, Rail and Air
Lucknow is well-connected to all parts of India through road, rail and air. Amausi International Airport, Charbagh Railway Station and Sultanpur Road are some major transport links connecting the city with Delhi, Ahmedabad and Jaipur. National Highway 56, National Highway 24 and National Highway 31 pass through Lucknow offering great connectivity with other important cities like Kanpur, Patna, Allahabad and Varanasi.
