Lucknow Metro gets lion’s share of Uttar Pradesh Budget
With UP government allocating Rs 288 crore for Metro rail projects in the state, Lucknow Metro — whose priority section is ready for the commercial run anytime in July — has received a lion’s share of Rs 233 crore. Sources told TOI that this is the last installment for Lucknow Metro them from state government’s coffer under equity. It has already paid over Rs 1,000 crore to the project in the past two years.
Metro officials said, Since Central funding came in late, project’s earlier expenses were met out only by the state government. We had requested for the last installment of Rs 233 crore this year, which hopefully has been sanctioned and approved in this budget.
For any investment in Residential and Commercial Property to provide effective returns, the chosen location should have the good social infrastructure, adequate public transport, and sufficient economic activity to sustain development and growth. These parameters apply to investments in non-agricultural land approved for Residential and Commercial development, as well as House for Sale in IIM Road Lucknow.
However, to mitigate risks, one should stick to tier-1 and select tier-2 cities only. It is also prudent to invest in properties, where the prices range between Rs 2,500 and Rs 5,000 per sq ft, as this will provide protection against capital value erosion. Simply put, this is a safe price segment and almost guarantees capital appreciation.
In 2017, the Centre has released about Rs 446 crore and the state had to give Rs 233 crore. Lucknow Metro officials said that the allocation would help complete the project timely by March 2019.
“Since all tenders on North-South corridor have been issued, the fund will help in making faster payments to our contractors — be it coaches, signaling, underground section or second elevated stretch from KD Singh Babu Stadium to Munshipulia.”
Agra-Lucknow Expressway property market
: An overview
Agra-Lucknow Expressway is an important Expressway of north India, connecting Lucknow to Delhi via Agra with Yamuna Expressway. It is one of the fastest growing housing corridors in Lucknow Region.
Agra-Lucknow Expressway is developing into a hub for investment. Numerous developments in this region could initiate a new wave of infrastructural growth and progress, giving a boost to connectivity. Developers and the buyers of residential and commercial properties on Agra-Lucknow Expressway, would not only have the advantage of improved connectivity but will also see appreciation in prices.
Agra-Lucknow Expressway is well-equipped with civic amenities like schools, banks, parks, and other social hubs. Metro connectivity is also being under Process on this route. Therefore, the demand for property has gone up in the area.
Builders in Agra-Lucknow Expressway such as Pss Builders Pvt. Ltd. are actively coming up with several luxurious and affordable projects in the area.
Connectivity with nearby Agra-Lucknow Expressway
The six-lane Link Road, which is being constructed, will provide direct connectivity to commuters moving towards Agra and Delhi from Lucknow so easily. The nearest airport to the area is Amausi Airport, which is situated at a distance of just 9.5 kilometers from the area.
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