Lucknow's real estate sector has been changing its dynamics at a mammoth scale in the last few years. The city's fast-paced infrastructure development, elevated connectivity experience, and changing consumer preferences are the major factors driving the growth.
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Lucknow has seen over 25 to 30% of price appreciation in the last two years. The year-on-year growth in the city has been over 15%. However, one region that has seen the most year-on-year growth in Lucknow is the region in and around Amar Shaheed Path. The region has seen over 26% growth since the Quarter 4 of 2022.
Looking at the real estate developments in the regions will make you understand the reason behind this change. There are many townships, infrastructure, commercial and residential developments both through private and public players.
However, one developer whose success doesn't seem to stop anytime soon is the Migsun Group, whose two top commercial developments, i.e, Migsun Janpath and Migsun Lucknow Central have been at the forefront. Therefore, today, lets get under the neck of their first commercial development on Shaheed Path (Migsun Janpath) and take a quick overview of this commercial development that hosts the city's biggest food court and entertainment zone.
An Introduction to Migsun Janpath
A commercial development right on Shaheed Path giving it a strategic location advantage. And the development being just 2 minutes from the residential hubs of Sushant Golf City.
A commercial property with mixed use development, Migsun Janpath has much to offer at an affordable price. The property is registered with RERA and your investments are secured under the supervision of RERA and the LDA (Lucknow Development Authority). A premium high street retail, the property hosts the city's biggest food court and entertainment zone.
The most striking feature of the property is that it's just 5 km from the international airport that is directly connected through Shaheed Path. The region promises your business here will receive high visibility and footfall, thanks to the city's major residential properties being in close proximity. Vrindavan Yojana, Gomti Nagar, and Ekana Sportz City are just a few minutes away and will attract many customers who have a high purchasing power. Also, the property is close to employment and educational hubs, which will attract a young audience looking for premium leisure services.
Here's what Migusn Janpath in Sushant Golf City offers:
What type of property should you choose in Migsun Janpath?
Looking at several top properties that are available for investment in Migsun Janpath, one can be confused on which property to invest in. However, choosing the right property depends on several factors that depend on individual investors on what they are looking for.
Here are a few tips to consider when deciding the types of property you are investing in:
Retail Shops in Migsun Janpath
Investing in a retail shop in Migsun Janpath will be fruitful in the long term. There is a high-street store just for premium brands in Migsun Janpath. The 25,000 square metre plot, which is on Shaheed Path Road, offers a variety of shop space options. The creators of this cutting-edge building, the Migsun company, have included several practical conveniences that your business can utilise to improve client happiness. Depending on your budget, you can choose which retail space you want to buy. Migsun Janpath's central shops are ideally a premium compared to shops inside the complex.
Commercial Studio Apartments
If you are looking for an investment that is flexible, commercial studios are the best fit for you. These are independent apartments designated for business use and are typically referred to as a commercial studio apartment. It is situated in a bustling commercial area with excellent connectivity for convenient business and can be used as an office, parlour, small retail store, etc.
Medicare Floor in Migsun Janpath
Being close to Medanta hospital, Migsun Janpath in Sushant Golf City offers a flood dedicated to medical services. It offers temperature sensitive spaces for doctors and their equipment, waiting area, and tons of different features and amenities.
Medicare floors are areas set aside specifically for the use of medical beneficiaries; these areas may include dentist offices, eye clinics, pharmacies, hearing aid stores, and physician chambers. Medicare floors attract more customers to the plaza and have a positive impact on neighbouring businesses.
Migsun Janpath Food courts
Migsun Janpath's food courts are one of the biggest in Lucknow, making it the plaza's major attraction. Therefore, if you are looking for a commercial property in Lucknow that will get you high return on investment along with secured rental incomes with longer lease duration, food courts are a great fit to your investment.
Even if you are looking forward to starting a new business venture or getting into the food and beverage industry, it is a great investment given the high footfall expected here.
Wrapping Up
Real estate investment in Lucknow is a great option right now. The scope for future development, and the high capital appreciation in the city is attracting a lot of developers and investors to the region.
Shaheed Path is one of the best regions to invest in a real estate property these days. The area has witnessed over 26% year on year growth which is highest in the city. As such, if you are looking for a commercial property to invest on Shaheed Path, Migsun Janpath in Sushant Golf City is a great choice. The property here are quite affordable and currently offers retail spaces, food courts, commercial studio, and medicare floor for sale.