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The Real Estate Sector Resulting in Houses and Offices in Lucknow by Paarth Kumar





The Real Estate Sector Resulting in Houses and Offices in Lucknow by
Article Posted: 11/06/2013
Article Views: 79
Articles Written: 43
Word Count: 510
Article Votes: 0
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The Real Estate Sector Resulting in Houses and Offices in Lucknow


 
Real Estate
After making political chaos and communal riots decades earlier now the state is heading for global progress. It is Uttar Pradesh. Urbanization is surmounted and it is in the agenda of the government and people are witnessing it. House in Uttar Pradesh has come as a result of many factors. Part of it is attributed to the rising commercialization. This is manifested in the form of shopping complexes, IT Parks, educational institutions and SEZ. Eventually, the people working in these places needed shelters that were meted with residential units that varied on price scale and requirements. Thus, flats and apartments were deployed and constructed in a much larger scale. These sites were made available with proper connectivity and right accessibility. With this, roads, bridges and highways were built. Coming to the capital city of the state the Lucknow Property was sold like hot cakes. People from the far flung areas in search of their livelihood made their base here. Employability and residential units were soaring high. The city of nawab was under redemption. Its structure was changing. Every then and there long and tall building either for residences or for commercial purposes was being erected. Open lands were getting scarce and hence to meet the growing demands high rise constructions were permitted. This was perhaps the best way to the optimal uses of water and power supplies.

The multinational companies were heading for their Offices in Lucknow. With them the real estate industry of the country grew a lot. However, in the last two years the industry experienced a steep fall. The reasons were simple. The fresh graduates were deviated to some other domains of jobs, the price of the immovable properties got high and higher and also there were resistant from the farmers. This however, paved the way for unscrupulous means in acquiring the properties. It was intended for resale or to put them in rent or at lease. Upon seeing the liberalized policies of the government and FDI regimes many NRIs were invoked to make their investments. This was meant for either for business perspectives or for their comebacks someday.

The real estate sector in India which stood next to agriculture in employments and revenue generation was thus, shuffled. Getting a land in the city of Constantinople of India or more precisely Lucknow was no more a cakewalk. With the assistance of the real estate industry people came forth dictating their kinds of homes and offices. Some preferred eco friendly while the others preferred in the midst of hustling bustling crowds. The city was planned properly having lush green plantations around. Because of these offices and homes the poor people could get the jobs of the minions. They were hired for the posts of maids, servants and other housekeeping staffs. Thus, in a manner it was a measure taken to curb the menace of poverty.

Uttar Pradesh despite in the whirlpool of controversies was in the peak of urbanization. After making its place in Noida, Ghaziabad and Allahabad it was the city Lucknow.

Related Articles - House in Uttarpradesh, Lucknow Property, Offices in Lucknow, Real Estate Sector in India, Top Builders India, Property in India, Retail Property,

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