A Broader Perspective for the Lucknow Property

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Can the growth of our country ever be assessed? Perhaps by some tangible and intangible means can do the work, isn't it? Much of them are visible by the construction projects that are taking place rampantly. After hitting the metropolitan cities progress has much drifted to the lesser known cities and small towns. Peeping into the developments taking place in the city like Lucknow can unveil the inside story. It is the city that has become the hotspot among the property dealers. The reason is quite obvious as urbanization has in its sizeable phase and because of the scarcity of open spaces has drifted here.

Lucknow property is floating its price rate high and even higher. Lands and buildings are being sold like hot cakes. This is because of the advent of corporate sectors, SEZs, educational institutions. To let the people working here there was the need of residential units and these were availed much by the housing complexes. Finally the workforce got the shelters within the flats and apartments. To make their connectivity and accessibility roads, bridges and highways were implemented by and large. Thus, the real estate industry was transforming into a gigantic size entity. Employment and revenue generation from it stood next to agriculture in India.

However, in the last two years in the history of Lucknow there has been steep fall in the growth of the real estate industry. Part of the reason that can be cited for this to happen is because of the deviation of the graduates to some other sort of jobs, protests from the farmers and delayed government clearances. Despite these absolute factors people were motivated in the selling and buying of immovable properties. They expected Returns on Invested Amount by getting into this affair. Apart from the indigenous Indians the NRIs too were intrigued by this probably for their comebacks or for lending in rent or at lease.

However, things are not as simple as they look. With the growing demands of lands scarcity grew harder. Getting into open spaces was difficult to procure. The government authorities and mischievous people were into illicit businesses. Such mischief needs to be curbed whatsoever. A more proactive measure that can be suggested is that instead of low rise construction high rise construction should be promoted. This is an ideal way to consume land, water and power supplies. Safety and security too can be ensured in proper way by following this norm. Much of this delivery comes from the police patrolling which needs to be emphasized.

Having office complexes, shopping complexes and flats and apartments can wipe the miseries of the slum dwellers. They can get the jobs of minions in these houses and serve as a servant, maid and other housekeeping staffs. Lucknow which is also known as the Constantinople of India is said to make a great difference in the real estate industry and consequently contributing to the economy of the nation. If India has found another source that can channelize sufficient wealth then it is this real estate industry.
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