1-Minute Read Summary: Is Lucknow A Metropolitan City?
Prominently known as the City of Nawabs, Lucknow is the largest city and economic centre of the state of Uttar Pradesh. Lucknow is one of the key metropolitan areas in India with rapid economic growth and infrastructure development. The IT, textiles, and aeronautics industries are uplifting the economy of Lucknow.
The GDP of Lucknow is around $16 billion, with several emerging economic corridors and incentives from the government. The city has a sound social and economic infrastructure. The connectivity options are seamless and cheaper. Several new metro routes are upcoming. Top educational institutions and IT hubs are attracting students and working professionals from across the country.
The properties in Lucknow are reasonably priced and super spacious. The real estate landscape in the city is transforming with the progressive commercialization. The cost of living is also minimal, making it an ideal location for investment. Considering its current and upcoming growth, Lucknow has a great investment potential with higher returns.
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How Is The Economic Growth In The Lucknow Metropolitan City?
Lucknow is one of the important cities in India. It is the centre of administration, defence, education, pharmaceutical, aerospace, technology, finance, poetry, culture, tourism, hospitality, etc. It is one of the popular tourist destinations in India, which is one of the driving factors of its economic growth. Lucknow ranked 17th as the fastest growing city in India, while 74th globally.
The Gross Domestic Product (GDP) of Lucknow is around $16 billion. Lucknow is poised to be the prime industrial and logistics hub in India, following the Delhi National Capital Region. The economy of Lucknow is backed by its IT, biotechnology, manufacturing, textiles, and aeronautics.
Numerous IT hubs are there in Lucknow, and many are emerging considering their investment potential. Lucknow is among the top cities for employment generation in India. The city is attracting many individuals from across the country due to its robust business and commercial growth.
The state government is also incentivising the textile and aeronautics industries in Lucknow. There are two upcoming Defence Research and Development Organisation (DRDO) establishments in the city. Such developments will further uplift the economic growth and per capita income of the city.
Also read: Metropolitan Cities in India
Which is the best tourist place to visit in Lucknow?
The best tourist places to visit in Lucknow are Bara Imambara, Ambedkar Memorial Park, Lucknow Zoological Garden, Gomti Nagar Riverfront Park, Husainabad Clock Tower, etc.
What is the current GDP of Lucknow?
The current GDP of Lucknow is around $16 billion.
Lucknow is metro city or not?
Lucknow is not a metro city, but a major metropolitan city in India. It is known for its administrative, governance, cultural, economic, educational, and historical significance.
How Well Is The Infrastructure In The Lucknow Metropolitan City?
Lucknow is witnessing robust infrastructural growth. It has a well-laid transportation system. Lucknow City Transport Services Limited (LCSTSL) operates buses across 35 routes in the city with a good frequency. Inter-state non-air-conditioned and air-conditioned buses also enable smooth connectivity.
The railway and metro rail network in Lucknow has the more reliable connectivity in the city. There are several upcoming metro routes in Lucknow to further enhance the connectivity in Lucknow.
Apart from the connectivity, Lucknow is home to renowned educational institutions like Lucknow University, Indian Institute of Management, Indian Institute of Information Technology, Ram Manohar Lohia Law University, King George’s Medical University, etc.
Which is the Lucknow Best University?
Lucknow University is the best university in Lucknow. It is the only Category – I awarded university in Uttar Pradesh by the UGC.
How Is The Real Estate Growth In Lucknow?
The real estate in Lucknow is on an upward trend. Lucknow has transformed into a bustling metropolis. Considering the evolving industrial, commercial, and logistics developments in the city, premium and luxury properties have gained traction in Lucknow.
Apart from affordable housing, the demand for luxury properties and gated communities in increasing in Lucknow. With the expanding business and job creation, the supply and sales of residential properties in the city has also increased.
There are many emerging localities in Lucknow, known for their luxury apartments, lavish villas, and palatial penthouses. There are numerous while collared professionals and high-net-worth individuals who are opting for ultra-luxurious spaces with smart features and curated amenities.
Below is the list of some top localities in Lucknow for property investment:
| Area | Property Price (Per sq. ft.) |
| Indira Nagar | ₹ 5,690 per sq. ft. |
| Sushant Golf City | ₹ 6,610 per sq. ft. |
| Gomti Nagar Extension | ₹ 7,910 per sq. ft. |
| Vibhuti Khand | ₹ 7,400 per sq. ft. |
| Amar Shaheed Path | ₹ 6,700 per sq. ft. |
| Hazratganj | ₹ 7,610 per sq. ft. |
Who Are The Best Property Dealers In Lucknow?
Homebazaar.com is among the best property dealers in Lucknow. With 12+ years of expertise in the real estate industry, Homebazaar offers the best insights into the market, ideal housing options by the Grade A developers, and a holistic process.
Which are the top localities in Lucknow?
Indira Nagar, Gomti Nagar Extension, Amar Shaheed Path, and Hazratganj are a few of the localities that offer the best apartments in Lucknow.
Is The Cost of Living In Lucknow Expensive?
The cost of living in Lucknow is cheaper than in other metropolitan cities in India. Primarily, the housing cost in Lucknow is reasonable. The housing options range from affordable to ultra-luxury segments. The location of the residence also determines the cost of living for any individual in Lucknow.
The housing prices in Lucknow are more budget-friendly than in Delhi NCR, Mumbai, and Bangalore. The properties come with spacious layouts at reasonable costs. The groceries and utilities also cost you moderately. The public transport in Lucknow is cheaper, ranging from ₹5 to ₹30, depending on the distance.
The city is cheaper and comfortable for students who migrate here for education. One can get the best living space with the required facilities at a lower price in Lucknow. For couples and families, the average monthly cost could range from ₹ 30,000 – ₹ 80,000. This cost varies depending on the lifestyle and personal expenses.
Is it costly to live in Lucknow?
The cost of living in Lucknow is comparatively reasonable compared to other cities. However, it is based on the individual’s residence location, lifestyle, family size, and personal expenses.
Also read: Urban Cities In India
