The state of Uttar Pradesh has seen rampant development in terms of infrastructure development and financial development in current years. Opening new avenues for investments and producing strategies for actual estate development, the state government is pushing its agenda of transforming the state into a 1 trillion-dollar economy. Expanding its ambit of development with a focus on “self-reliance”, “ease of doing business” and “ease of living”, the state’s capital city Lucknow which is identified improved with its colloquial name ‘city of nawabs’ is enhancing its grandeur. The city currently contributes 3.85% of the state’s GDP and bolstered by great connectivity, presence of social infrastructures, open spaces, and investment possibilities, it is all set to turn into the location-next of actual estate in the nation.
Lucknow’s connectivity has enhanced drastically in these years. The city is the nerve center of financial activities due to the movement of folks, goods, and enterprises and presence of international airport, expressways, highways and metro rail. These connectivity points are constantly bringing more folks and business enterprise to the city.
Lucknow’s connectivity wonder – the 104-km Outer Ring Road (ORR) which is anticipated to be operational quickly – will play a crucial part in not just facilitating movement of folks and goods but also in the emergence of sub-cluster development model a trait identifiable with metro cities as their territories expand with increasing urbanization. Such highways and ORRs have propelled development of residential and industrial spaces in various cities and Shaheed Path in Lucknow is one such instance.
The possibilities of development about ORR can be gauged from the reality that 5 national highways and six state highways, getting into and leaving Lucknow cross the ORR. The project will undoubtedly open new doors of business enterprise and employment possibilities as it will facilitate the movement of folks and enterprises from all components of Uttar Pradesh and connected regions. Additionally, the increasing menace of pollution will be curbed along with improved targeted traffic management as heavy cars will not enter Lucknow. A low-density, pollution-cost-free living is what can be envisaged in this area. COVID-19 has changed the homebuyers’ preference and as a outcome demand for open & bigger spaces and properties has jumped manifold and developments about ORR will fulfil this requirement along with offering great connectivity.
Moreover, the building of a lot of bridges, flyovers, and underpasses will provide uninterrupted entry and exit. The connectivity with Chaudhary Charan Singh International Airport will additional be enhanced. The ORR will also facilitate the movement of folks to Lucknow from religious cities of Prayagraj, Varanasi and Ayodhya in addition to adjoining cities of Raebareli, Kanpur, Sitapur, Sultanpur, Faizabad and even to Delhi and Agra. Furthermore, the city could quickly have two municipal corporations which imply possibilities for more investment in establishing the city’s infrastructure.
In current years, Lucknow has widened its territorial horizons and as a outcome, the location about ORR gives improved scope for housing and industrial actual estate development. Lucknow, getting one of the most populous cities of North India, has increasing possibilities for employment and enterprises. With the presence of upscale and contemporary social infrastructures, it gives a host of job possibilities for all earnings groups in government-run enterprises, manufacturing, actual estate, compact scale sector, and BFSI, IT/ITeS. Lucknow boasts of the presence of the state’s ideal educational institutes and healthcare facilities and lately, technologies has pushed the development of e-commerce services right here. These development components have turn into the enablers for widening the city’s limit, specially location about ORR, to come with improved offerings for housing and industrial activities. Use of digital technologies is also facilitating ease of living and working right here. Developers have been leveraging these possibilities and offering state-of-art offerings to satiate the demand from various avenues like Group Housing plots, floor, villas and industrial centres comprising higher-street, meals court, and serviced apartments.
Shifting of focus towards wellness and greenery along with new age development are producing Lucknow a nature-friendly living and working location. The city lately bagged 12th rank amongst 47 cities and became the quickest mover state capital in Swachh Survey 2020. Civic infrastructure and amenities are amongst the ideal in the state with enormous scope for its betterment by means of technologies. As pandemic subsides developing a more friendly atmosphere for financial development, Lucknow will quickly script a new saga of actual estate development setting new benchmarks in the nation and ORR will be the propeller.
(By Mukesh Kumar, CEO, Omaxe Garv Buildtech Pvt. Ltd)