Effective assessment made for the real estate sector in Lucknow

The impact of commercialization is simply immeasurable. After making its advent in some of the metropolitan cities it has swept into the lesser known ones. This is how the real estate industry is growing exponentially by implementing roads, buildings, bridges and highways. Nothing can deter its growth. Delhi the capital city has witnessed severe urbanization all through the decades. After hitting the suburb like Noida developments have crept into Lucknow, Ghaziabad and Allahabad. The real estate sector in Lucknow is seeing a marked difference between now and then. There are corporate offices, education hubs, PSUs and SEZs which were not at all possible without the real estate industry of the city.

Although shopping complexes, offices and malls have been planted but the manpower needs shelter to stay. It is here that the residential apartments houses in Lucknow come into action. These have been made possible by the prompt action of the city’s development authority. However, the real estate industry of the city underwent a decline of 20% in its growth. This is because of the fresh graduates getting channelized to diverse domains, delay in government clearances and protests from the farmers. These factors can be curbed by more proactive approaches. Instead of low rise construction high rise construction should be implemented. The government like that of Singapore should look into the affairs of buildings.

These immovable properties have intrigued the overseas Indians a lot. Lands and buildings once purchased can be put for resale or put at rent or at lease. They are going to serve as good returns on invested amount. With them the real estate industry will definitely surge if the FDI regimes and other property related laws and policies are made liberal. This is the time that the government should look into the matter to come up with the implementation of bright ideas. Staying in Lucknow will be worth for the investment made.