Constructive Changes in Uttar Pradesh Real Estate

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Uttar Pradesh, popularly known by its acronym U.P, is the most populous and fifth largest state in India. The state attracts a large number of both national and international visitors. The city of Agra and the cities of Varanasi, Mathura, Allahabad, and Ayodha are the regions that fill tourist’s cup of delight in U.P.After Haryana, its Uttar Pradesh real estate that is making rapid strides and has experienced tremendous growth in the past few years. Property market in Uttar Pradesh is planned in phased manner involving different concepts thereby making it a perfect place to make handsome investments.

With the ongoing developments in major location in U.P including Noida, Ghaziabad, Lucknow, Kanpur, and Agra, the state has felt the importance of improving on infrastructure facilities then ever before. Going by the huge swing in real estate market in U.P., the continuing development will offer the state and its surrounding areas a major facelift.

Also, the residential units being constructed here would certainly bring in construction majors. There would build glitzy shopping arcades and other basic facilities to cater to the demanding needs of population.

Meerut, Agra, Mathura, and Vrindavan are some of the major places in Uttar Pradesh which are areas are experiencing a flurry of construction activity. The developments hold different reasons. Talking about Meerut, it enjoys the status of being the fourth largest town in India in terms of population. This is why, a multitude of commercial and residential projects are now on the anvil in and around Meerut.

Likewise, Agra holds a significant importance as it is one of the major tourist destinations in India. The city has seen great growth in terms of infrastructure facilities and industry.

Another old city of Uttar Pradesh dating back to the period of the Mughals is Lucknow, the City of Nawabs. Though, the city offers an amazing potential for tourist, commerce, and industry, it suffers the lack of political and government vision. Consequently, the business investment flow is not high here and the city’s development is limited to the business houses and the entrepreneurship that comes from within.

Click Map of Uttar Pradesh to Enlarge View

Lucknow real estate is moving at snail pace as compared to other Tier II cities. However, it may boost up in the wake of current real estate projects.

Upcoming Real Estate Projects in Uttar Pradesh

Unitech, one of the prominent real estate developers is coming up with an exclusive Information Technology Park and five potential IT Special Economic Zones in Noida, Uttar Pradesh.

The SVP Group is planning to construct a 200,000 sq.ft. shopping mall in Ghaziabad, Uttar Pradesh, at a whopping investment of Rs. 160 crore. To be called as “The Opulent”, the mall will have 145,000 sq.ft of retail space, a multiplex and a food court.

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