There are several advantages to considering under-construction residential properties in Lucknow. Below are some pros of buying a property in Lucknow.
Lower Prices
Under-construction properties are typically priced lower than ready-to-move-in homes. This allows buyers to purchase at a more affordable rate and potentially benefit from price appreciation by the time the project is completed.
Customization Options
Buyers often have the opportunity to customize their homes during the construction phase. This can include choosing finishes, layouts, and sometimes even making structural changes, ensuring the home meets their specific preferences and needs.
Payment Flexibility
Developers usually offer flexible payment plans for under-construction projects. These can include instalment plans, construction-linked plans, or other schemes that can ease the financial burden on the buyer.
Modern Amenities
New residential projects often come with modern amenities such as swimming pools, gyms, parks, and community centres. These facilities enhance the living experience and add value to the property.
Potential for Appreciation
As the area around the project develops, property values are likely to increase. Infrastructure improvements, commercial developments, and better connectivity can significantly boost the property's market value over time.
Latest Construction Techniques
New projects typically use the latest construction techniques and materials, ensuring better quality, energy efficiency and sustainable living.
Government Incentives
There may be government incentives and tax benefits available for buying under-construction properties, such as deductions on home loan interest under certain conditions.
Preferred Location
Many new projects are located in upcoming areas that are poised for future growth, offering better infrastructure and connectivity.
Best Under-constructional Properties in Lucknow
Investing in under-construction projects can be a strategic decision, provided that the builder's reputation and project timelines are thoroughly researched. The city’s well-known builder Shalimar has a plethora of residential properties in Lucknow. It offers multiple configurations, ultra-modern amenities, seamless connectivity and a lifestyle that’s ideal to call your home.