Plots on Kanpur Road, Lucknow, have gained significant attention in recent years, particularly due to the rapid urban development, infrastructure projects, and the rising demand for affordable residential and commercial land. This locality has become one of the most sought-after areas for real estate investments, especially for individuals looking for long-term returns or those planning to build their homes. Let’s explore in detail the various aspects of these plots, why they are a good investment, the types of plots available, and the prospects for future growth.
1. Location and Connectivity
Kanpur Road is a major arterial road in Lucknow, which provides excellent connectivity to other parts of the city, as well as to the nearby city of Kanpur. It connects to major highways and expressways such as the Lucknow-Kanpur Highway (NH-27) and the Lucknow-Agra Expressway. This strategic location makes Kanpur Road a favorable choice for homebuyers and investors alike.
Apart from its connectivity to Kanpur, the area is well-connected to the rest of Lucknow. The Chaudhary Charan Singh International Airport, located along this route, is a major attraction for frequent travelers and professionals. Additionally, with upcoming metro stations and improved public transportation systems, commuting will become even more convenient in the near future.
A wide variety of residential and commercial plots are available in different sizes, catering to various budgets and preferences. Some common plot sizes include:
800 sq. ft. to 1000 sq. ft.: These smaller plots are ideal for individuals or small families looking to build compact homes. Prices for such investment plots in lucknow can start from as low as ₹6 lakh, depending on the exact location and amenities available.
1200 sq. ft. to 1500 sq. ft.: Medium-sized plots are available for those who require more space. These plots are popular among families who need room for future extensions or larger constructions.
2000 sq. ft. and above: Larger plots are often purchased by investors looking for long-term gains or those planning to build spacious villas. Prices for larger plots can go up to ₹30-40 lakh.
The range of prices depends on factors such as proximity to main roads, availability of utilities like electricity and water, and the presence of nearby infrastructure like schools, hospitals, and markets.
3. Top Residential Developments
Several well-known residential projects and gated communities have emerged in the Kanpur Road area, offering plots with modern infrastructure and amenities. Some notable developments include:
Paarth Republic: Located along Kanpur Road, Paarth Republic offers residential plots and apartments, making it an attractive option for those looking to build their homes in a well-planned township. The area is known for its green spaces, security, and proximity to essential services.
Green Square Residency: Another prime development on Kanpur Road, this project offers residential plots starting from ₹4.5 lakh, catering to budget-conscious buyers. Green Square Residency boasts well-laid-out roads, park areas, and a community-oriented layout.
Dream Green City: This residential project offers smaller-sized plots of 800-1000 sq. ft., starting at around ₹14 lakh. It provides an affordable option for those looking to buy property near the city center.
4. Amenities and Infrastructure
One of the major draws of Kanpur Road is the availability of modern infrastructure, especially in the newer gated communities. Many plot developments offer a range of amenities such as:
Paved Roads and Street Lighting: Well-maintained roads and streetlights ensure safe and convenient commuting within the community.
Electricity and Water Supply: Plots in most modern developments come with connections to electricity and a reliable water supply, crucial for immediate construction.
Security Features: Gated communities offer security personnel, CCTV surveillance, and sometimes even boundary walls, providing a secure living environment.
Green Spaces and Parks: Many of the larger developments focus on providing ample green space, parks, and recreational areas, making them attractive for families.
5. Commercial Opportunities
While residential plots are the primary focus, there is also a growing demand for commercial land on Kanpur Road. The area’s proximity to major highways, the airport, and growing residential communities has led to increased interest from commercial developers.
Small commercial plots are being sold for the construction of retail stores, small shopping complexes, and office spaces. With the expected growth in the population and the number of residents moving to the area, commercial spaces are likely to see substantial appreciation in value.
6. Investment Potential
Investing in land on Kanpur Road is seen as a highly lucrative option due to several factors:
Appreciation in Value: Over the past few years, property prices in this area have steadily increased. As more infrastructural projects are completed, including metro connectivity and road improvements, the appreciation is expected to continue.
Proximity to Key Facilities: Being close to educational institutions, hospitals, shopping complexes, and the airport enhances the livability of the area, increasing demand for residential plots.
Rental Income: For investors not looking to build immediately, plots can generate income through leasing or selling them in the future. As the area develops further, demand for rental properties is expected to rise.
Affordable Pricing: Compared to other prime areas in Lucknow like Gomti Nagar, Kanpur Road offers relatively affordable land prices. This makes it a good entry point for first-time investors or buyers looking for long-term appreciation.
7. Future Prospects
The future of Kanpur Road as a real estate hotspot looks promising. Several factors contribute to its growth potential:
Metro Expansion: With the upcoming metro line along Kanpur Road, accessibility to the city center and other important areas of Lucknow will be vastly improved. This is expected to have a significant impact on property prices and demand.
Development of IT and Business Hubs: The government’s push to establish IT parks and business centers along this route is likely to attract professionals and businesses, increasing demand for residential and commercial plots.
Airport Expansion: The planned expansion of the Chaudhary Charan Singh International Airport is another factor expected to drive demand for real estate in the surrounding areas.
8. Challenges and Considerations
While investing in plots on Kanpur Road can be highly profitable, it’s important to consider a few challenges:
Legal Clearances: As with any land purchase, it’s crucial to ensure that all necessary legal clearances and paperwork are in place to avoid future complications.
Flooding and Drainage: Some areas around Kanpur Road may be prone to waterlogging during heavy rains. It’s important to choose plots in areas with good drainage systems.
Long-Term Development Plans: Investors should research the long-term development plans for the area to ensure their investment aligns with future growth and infrastructure improvement.
All content credit goes to Plots in Lucknow
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Author of the conent Amit Sharma
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