Lucknow’s economy is growing at an unprecedented rate. The reasons behind this are the city’s increasing infrastructure and connectivity. Also, the single window clearance for new businesses attracts companies to set up offices and units in Lucknow.
This has positively impacted the real estate market of the city especially in the commercial sector. As more investors are attracted towards commercial developments there is a growing demand for real estate developments to cater to this demand. Real estate investments were equal to buying a residential property a few years ago but not anymore.
Since the implementation of RERA, real estate investments have been in widespread demand due to enhanced investment security. However, if you are looking for a property that offers a stable investment choice at the best location in Lucknow, developments on Shaheed Path are worth checking out.
Hence, today, let’s dive deep into the markets of Lucknow’s Shaheed Path and learn everything about the latest commercial development in the region, i.e., the Migsun Lucknow Central.
Migsun Lucknow Central
The new business nawab of Lucknow is taking its first breaths at Shaheed Path, Lucknow and is getting ready to revolutionise the way we perceive retail shopping in the city.
Strategically located in Sushant Golf City right next to Medanta Hospital, this commercial property offers retail spaces for sale with promising high footfall due to the many residential hubs within walking distance.
Migsun Lucknow Central has a fantastic product mix that makes it an incredible choice that stands out from most of its competitors. Being constructed right next to Medanta Hospital, one of the most active hospitals in the region, the location of the property is simply unbeatable. The developer makes sure that the property is developed as a part of sustainable and eco-friendly development. The reason being its construction within a smart ec0o-township in Lucknow.
This not just makes investment here future ready but also ensures that you get a high return on investment in the future as the demand for sustainability increases in the next few years.
Moreover, the property is also designed and integrated with Sewage Treatment Plant and forward moving technologies like Rain water harvesting.
What makes Migsun Lucknow Central a great investment choice?
Migsun Lucknow Central’s retail spaces and office spaces are a good choice for all types of investors. Thanks to its configurations of different sizes the property is available at a smaller ticket size to attract investors of all levels.
In case you are wondering what makes the property worth the investment, the answer lies in the location.
You see, location is the most determining factor for any commercial real estate property to succeed. It determines the overall footfall property can receive, and how conveniently it is accessible. Besides that, if the location does not provide a flexibility of services offered to the customers there are chances that your investment might not get as much footfall as anticipated.
Well, in these terms, Migsun Lucknow Central’s retail spaces have the upper hand since the location of the property has already been tried and tested. Hence, below are some facts that will help you determine the overall location advantage of the property:
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- Located within the Sushant Golf City right next to Medanta Hospital
- International Airport is just 5 km from the property.
- The property is located conveniently on Shaheed Path for maximum visibility and footfall to your business.
- Educational institutions are in close proximity and can potentially attract teenagers and children. Schools like G.D. Goenka and Ansal Technical Campus are in close proximity.
- Many high-end residential complexes and hotspots like Gomti Nagar, Vrindavan Yojana, Ekana Sportz City, I.T. City and more.
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Why invest in Lucknow?
Real estate investments in Lucknow are catching up with the pace of every moving day. This can be quickly figured out through the year-on-year growth that Lucknow has been witnessing in the last few years. Lucknow’s real estate sector has given a YoY growth of 15% since Q4 of 2022 and about 21-30% price appreciation in the last two years.
As such, Shaheed Path area is currently under development hence the scope for investment returns are high. The YoY here has been 26.3% since Q4 of 2022 which is highest in Lucknow.
The Final Verdict
Making a real estate investment today in Lucknow is a great choice if you are looking to diversify your investment portfolio. Migsun Lucknow Central, located on Shaheed Path, is a great option for retail and office spaces. The location is easily accessible and is bound to provide high visibility to businesses investing here.
For investors this is a good time to start their investment journey as the property is currently under construction. Once the possession is made, the prices will certainly increase and will give good returns to investors along with stable monthly rentals.