PropInvest May 25, 2023 0 Comments

A Rising Interest for Commercial Projects in Lucknow

Invest Commercial

Lucknow, the upcoming commercial hub of Uttar Pradesh, is one of the fastest-growing cities in India. Buying a commercial property in Lucknow can be a good investment decision as the city is experiencing good economic growth and infrastructure development. However, when buying a commercial property, there are many points that you should keep in mind.

In this blog, we will discuss about some of these following factors:

  1. Location : The location of any property is one of the most important points to keep in mind while buying any commercial property. The property should be located in a busy area that good connectivity to to other areas. In Lucknow, some of the popular commercial areas are Vrindavan Yojana, Gomti Nagar, and Lucknow-Faizabad Highway.
  2. Legal clearance : Before finalising the purchase of any commercial property, you should ensure all the legal documents are in order. Make sure that the property has ownership with all the necessary certificates and approvals obtained from the local authorities.
  3. Infrastructure : The infrastructure of the area where the property is located is another important factor to consider. Look for a property that has good access to roads, transportation facilities, and other amenities such as electricity, water, and internet connectivity.
  4. Reputation of the developer: It is important to buy a commercial property from a well known developer who has a good record of delivering quality projects on time. The reputation of the builder will ensure that you get a property that is built according to the highest quality standards and that too in time.

At last, buying a commercial property in Lucknow can be a good investment decision if you keep the above-mentioned points in mind while making a purchase. As, a good research can set up a successful business and reap the benefits of your investment.

Some top commercial projects in Lucknow

The Arcadium Central is a modern commercial project that offers a range of commercial spaces including retail shops, showrooms and offices. This project is designed to provide businesses with a modern and functional space that is equipped with all the necessary amenities. The Arcadium is a Uttar Pradesh Awas Vikas Parishad-approved project and comes under the Real Estate Regulatory Authority. The property is located in Vrindavan Yojana, which makes it a good place for businesses looking to attract large numbers of customers. This commercial property has good proximity to other parts of Lucknow, providing good public transportation to the residents living in nearby areas which makes it a good option to invest in a commercial property.

The Galleria is a commercial project located in Gomti Nagar that offers a good range of commercial spaces including shops, restaurants, cafes and showrooms. This project itself is a good example of a new-generation commercial project that comes with amazing amenities like a glass facade, around-the-clock water supply and security systems. The property offers different sizes of retail shops, restaurants, and cafes at an affordable price. The Galleria has a good proximity to Amar Shaheed Path and Lucknow-Faizabad Highway which makes it very suitable for people coming from districts like Bahraich, Gonda, Faizabad and Basti. So, if you are looking to buy a retail shop for investment in real estate, then The Galleria by AIS Developers is the best option to buy a property from.

Some frequently asked questions

Why is buying commercial property a good investment plan?

The rental income of commercial property is always higher than that of residential property.

What type of commercial property is good for investment?

A commercial property with high demand, a good location and a high number of tenants.

What is the GST limit for commercial rent?

If your earning income is more than ₹20 lakh per annum, including rent and any other exempted income, then you have to get yourself registered under GST.

What is the paperwork one should go through before buying any commercial property?

While looking for a commercial property, one should go through all the details and paper work of the property thoroughly, like the occupancy certificate, completion certificate, registry of the property and the regulating authority as well.

What is the paperwork one should go through before buying any commercial property?

While looking for a commercial property, one should go through all the details and paper work of the property thoroughly, like the occupancy certificate, completion certificate, registry of the property and the regulating authority as well.