Many people who shift to Lucknow for a short time period do not prefer to buy property in Lucknow for sale instead they prefer to stay in rental properties. Often people put of their purchase descision after looking at the property rate in Lucknow. As a result the house rent rates have gone up in the past few years. The real estate market of the city is seeing a down trend and whether its flats in Bhaisamau or flats in Bagiamau they are no takers for properties.
NRIs and investors too are shying away to buy property in Lucknow for sale. Most of the investors feel that the existing property rate in Lucknow is too high when compared to facilities and infrastructure that the city offers. The property rates of flats in Bhaisamau or flats in Bagiamau are also significantly high. Most of the people prefer taking a house on rent here as house rent rates are significantly cheaper. Infact according to a study it was seen that if one looks to purchase a commercial property in Lucknow for sale then one will pay approximately 30 years of rent together at one go! Looking at this the state government and civic authorities had decided to reduce the property rate in Lucknow for commercial properties. The proposal was later selectively applied to commercial property in Lucknow for sale.
If you are looking to buy a residential property in Lucknow then it is advised that you wait and watch for some time as the property rate in Lucknow might come down after a stagnant phase. This will mean that buying flats in Bhaisamau or flats in Bagiamau might become a little easier and simpler in the coming future. Also house rent rates might also see a slight correction in the coming days.
NRIs and investors too are shying away to buy property in Lucknow for sale. Most of the investors feel that the existing property rate in Lucknow is too high when compared to facilities and infrastructure that the city offers. The property rates of flats in Bhaisamau or flats in Bagiamau are also significantly high. Most of the people prefer taking a house on rent here as house rent rates are significantly cheaper. Infact according to a study it was seen that if one looks to purchase a commercial property in Lucknow for sale then one will pay approximately 30 years of rent together at one go! Looking at this the state government and civic authorities had decided to reduce the property rate in Lucknow for commercial properties. The proposal was later selectively applied to commercial property in Lucknow for sale.
If you are looking to buy a residential property in Lucknow then it is advised that you wait and watch for some time as the property rate in Lucknow might come down after a stagnant phase. This will mean that buying flats in Bhaisamau or flats in Bagiamau might become a little easier and simpler in the coming future. Also house rent rates might also see a slight correction in the coming days.
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