Trends and New Launches in #Lucknow Real Estate Market in 2021

Post Pandemic Lucknow realestate market have Seen significance growth in the last quarter of 2020, Specially Residential ready to move and near posession projects were on the top list of #homebuyers. Most likely the same trend will be seen in the next 2 Quarters of 2021. However there is a huge shortfall of supply vs demand is been noticed specially in urban areas of Lucknow Such as Gomti Nagar , Sitapur Road , Aliganj , Mahanagar and Raibareily Road due to lack of new project launches and projects delay.

So as we all are eagerly wating to get over with 2020 hangover and all set to welcome 2021 with new hopes and opportunities Here are few key trends and projects which might give you an overview of upcoming trends in Real Estate in Lucknow.

1)More Plotting development Launches expected:

A huge demand is been seen in LDA approved plotting projects by Private builders. Projects Such as Eldeco Regalia , Oro City , Shalimar Garden Bay , Spring Greens are some of the projects with high demand and sales volume. To suffice this demand many big player such as Godrej , Adani , Hero and others are expected to launch there plotting projects in Lucknow Suburbs in later half of the year.

2)Nature Theme based Group Housing Projects:

As people are becoming more health conscious and aware , demand of Nature or eco-friendly healthy themed base projects are increasing. Now Home buyers priority has been shifted to more open and greendpaces , clean and healthy surroundings , Park , gyms ,sports and other health related facilities and amenities. Looking all these factors builders are also inclining towards such development with projects like Okas Residency , Oro Elements and upcoming project Natura by One aok are some Nature Themed Projects which will attract home buyers attentintion in 2021

3)Fractional Real Estate

Last but not the least Fractional Ownership in Private and Residential Real Estate is the new normal now. Low ticket size , Branded Projects , Prime Locations , High returns and transparent process makes it a perfect choice for Millenials and new age investors who always look for niche opportunities in the market. Start-ups such as BRIKitt, Strataprop , Hbits has grown exponentially during pandemic and attracted approx 5billion in Investment till date. Similarly 2021 will be very promising year for fractional Real Estate and a growth of 30% CAGR is expected in 2021.

Wish you all a very happy winters , Merry Christmas and Happy New Year.

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