Apartments / Flats for Rent in Lucknow Central Lucknow

In merely 70 days into its operations, the Lucknow Metro crossed the 10-lakh mark in terms of ridership on November 15. Some of the passenger-centric provisions, including free Wi-Fi for smart card users, water, toilets, disabled-friendly infrastructure, toll-free helplines, etc., have made it popular among daily commuters. MakaaniQ on how the Metro rail project along with other regulatory reforms will give a fillip to the city's property market.

In a bid to connect interior and semi-developed towns of Uttar Pradesh, the state government plans to build an expressway between capital Lucknow and Ghazipur. With the state initiating the process to select contractors, the expressway project, also known as the Purvanchal Expressway, is all set to kick off.

From Rs 3,000-4,000 per square foot (psf) in 2012, property prices at AP Sen Road have gone in the range of Rs 5,000 to Rs 7,500 psf now. Those searching for spacious residential properties offering quality living can find good deals at AP Sen Road within the range of Rs 1-2 crore. While developers are offering various kinds of housing configurations, the demand is inclined more towards 2BHK apartments.

When the government made over 80 per cent of the existing currency invalid on November 8, 2016, it primarily aimed to curb benami transactions, especially in real estate transactions. Since property deals are capital intensive, real estate was widely used by people to park their unaccounted money. From thereon, life of such persons has become much tougher, with the government launching new measure frequently to nab offenders.

If the rising cost of car fuel is troubling you, there is another reason to scrap your old vehicles and switch to eco-friendly cars. The Central government is planning to offer incentives of up to Rs 2.5 lakh for the buyers of electric bikes and cars as a part of a Rs 9,400-crore package.