Lucknow is known for its cultural heritage, architectural marvels, and rapid urban development.
Real estate is the latest inclusion!
With this advancement in the city, more attention has been shifted towards real estate investment.
Considering a new property in Lucknow?
Kalpana South Avenue holds the potential for homebuyers. The project is a mix of novelties of contemporary architecture and a tranquil environment.
In this blog, let’s focus on why Kalpana South Avenue’s 2 BHK Villas could serve as a good investment considering the trends in the growning Lucknow property market.
Kalpana South Avenue: A Glimpse Into the Project
- A Trusted Developer
Kalpana Constructions, a division of the Sahu Group, is the mind behind the project, with roots tracing back to 1952.
Today, Sahu Group has been closely associated with real estate, jewelry, entertainment, and infrastructural sectors across nationwide. The company began constructing dream homes for middle-class to lower-middle-class families through Kalpana Constructions since 2001. Its vision is to construct dreams that are affordable yet comfortable like in the case of Kalpana South Avenue.
- Prime Location in South Lucknow
Kalpana South Avenue is located within South Lucknow in Kalpana Eco World on Raebareli Road.
This location has turned out to be one of the most sought-after residential locations in Lucknow because of its proximity to expressways, educational institutes, healthcare facilities, and IT parks.
Here’s a fact-based location advantage of this project:
- Two minutes from Proposed Outer Ring Road and National Highway
- 10 minutes to major schools and Mohanlalganj Railway Station
- 15 minutes drive from Kisan Path and SGPGI University & Hospital
- 20 minutes from Medanta Hospital and BBA University
- 25 minutes from Hazratganj and Lucknow Airport
- 3o minutes from Charbagh Bus Stand and Railway Station
These location advantages play an important role in defining the quality of life residents can expect while investing in this new property in Lucknow.
- Green Living at Its Best
Kalpana South Avenue is designed with the importance of the environmentalist approach in mind. Situated on over 2.5 lakh square meters of greenery, the project offers a secluded, calm and serene lifestyle away from the pollution and noise of urban living.
The air quality index is higher, and temperatures around the site are 2 degrees Celsius lower than the city’s. Their focus on nature and absence of pollution promises a healthier environment for its residents. Hence, naturally making it a good choice for families.
- Contemporary 2 BHK Villas
These villas at Kalpana South Avenue enable comfort with a classy take. The 2 BHK independent row houses are self-sustaining with ample spaces, modern furnishing, and the best environment for a serene living.
Every villa is planned and laid out such that it embraces natural lighting.
- Amenities for a Balanced Lifestyle
Kalpana South Avenue 2 BHK villas can effectively meet the needs of modern families. Some of them are mentioned below:
- Green Lush Park
- Badminton court
- Outdoor Gym
- Kid’s Play Zone
- Vaastu-compliant and free-hold properties
- Sand pit areas
- 24*7 Security
The availability of a commercial complex within the project also facilitates the needs of the residents, thereby making the project a perfect pick for investors.
- Value for Money
If you are looking for a real estate investment in Lucknow that’s value for money, Kalpana South Avenue should definitely be on your bucket list.
Thus, the villas are perfect in terms of the perspective of the cost efficiency as homeowners have a chance to buy a comfortable and equipped house at a reasonable price.
How Is the Residential Real Estate Sector Shaping Up in Lucknow?
If the data is to be believed, residential real estate has seen an average property price for Q4 2023 at ₹6,400 per square foot. This marks a notable year-on-year growth of over 15% compared to that of Q4 of 2022.
The rise in demand for sustainable development has already started a revolutionary movement in Lucknow’s real estate. With the rise in demand, developers are now compelled to make investments that are future-ready and minimise effects on the environment.
Besides that, as the real estate market progresses, the demand for rental income will increase. The reason for this is the rising population demanding more rental space to accommodate.
3 reasons to Invest in Lucknow’s Real Estate
- Rapid Urbanisation: As the city has continued to expand it is becoming increasingly valuable to have commercial real estate in the area. The launch of new IT parks and commercial units has created higher market for the commercial shops as well as other suitable office buildings.
- Stable Returns: The rental yield in the commercial properties the city of Lucknow, more so in new developments such as the Sushant Golf City is higher than in residential property. This makes them an ideal investment vehicle for firms that have long term investment horizon with an aim of realising stable income.
- Strategic Location: The fact that Lucknow is the capital of Uttar Pradesh it has already got a strategic location advantge into its kitty. Other than that, the staggering infrastructure projects that are currently ongoing, makes it a great choice for a real estate investment in Lucknow.
What Steps Should You Take Before Investing in Lucknow?
- Choose Reputed Builders: If you have to, always buy property from builders such as Kalpana Construction. This ensures that your property is delivered on time with quality construction.
- Conduct Thorough Research: When investing, be knowledgeable about the market of the area, location of the project and future possibilities. It is always useful to know the basics of a particular market in order to avoid possible risks.
- Understand your finance: Originally one should estimate all possible costs that can appear i.e., stamp duty, registration fees, charges for the maintenance of the property. It is always advisable to consult a tax consultant so as to ensure that you sabe as much on your taxes as possible.
The Bottom Line
Kalpana South Avenue’s 2 BHK Villas has everything homebuyers look for. From top developer and location, to lifestyle factor including green living, and value of cost.
Also, it reveals that there are ample opportunities in Lucknow’s larger real estate market owing to rising demand for affordable housing, better connectivity, and ongoing projects. If you are a first-time home buyer or a smart investor, you should consider Kalpana South Avenue as the most relevant choice.