People in real estate in Lucknow are looking to buy property here in order to enjoy high ROI. Many people are looking to invest in property in Rai Bareilly Road as well as property in Sitapur Road as these areas are highly affordable and they also offer a decent rental income. Initially people used to hesitate from investing in real estate in Lucknow as the city grappled with problems such as high crime rate, infrastructural problems like electricity shortage, etc. But in the past few years’ things have improved a lot which has improved the prospects of property in Rai Bareilly Road and property in Sitapur Road.
But still a lot of things need to be changed if state administration wants that real estate Lucknow should prosper. Recently the government had to offer a 30% rebate as there was a slump in the commercial properties transactions. Real estate Lucknow needs to bring about various reforms that will encourage buyers to make an investment here. First of all, the basic infrastructural problems like water shortage as well as electricity shortage should be solved. Secondly, the police of the state should keep into check the increasing crime in the city. Third the erring builders should do not deliver projects on time should be remanded. Many people want to invest in property in Rai Bareilly Road and property in Sitapur Road but project delays have dampened the buyers' spirit.
Many builders keep on delaying project in order to fleece buyers but this discourages the buyers and therefore it creates a bad image of real estate Lucknow. State government should take into account and immediate steps need to be taken to tackle the situation which can get out of hand. Real estate in Lucknow has all the credential to do well but strong steps need to be taken soon.
But still a lot of things need to be changed if state administration wants that real estate Lucknow should prosper. Recently the government had to offer a 30% rebate as there was a slump in the commercial properties transactions. Real estate Lucknow needs to bring about various reforms that will encourage buyers to make an investment here. First of all, the basic infrastructural problems like water shortage as well as electricity shortage should be solved. Secondly, the police of the state should keep into check the increasing crime in the city. Third the erring builders should do not deliver projects on time should be remanded. Many people want to invest in property in Rai Bareilly Road and property in Sitapur Road but project delays have dampened the buyers' spirit.
Many builders keep on delaying project in order to fleece buyers but this discourages the buyers and therefore it creates a bad image of real estate Lucknow. State government should take into account and immediate steps need to be taken to tackle the situation which can get out of hand. Real estate in Lucknow has all the credential to do well but strong steps need to be taken soon.
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