Gomti Nagar, Lucknow

Gomti Nagar is a locality in the city of Lucknow, situated on the banks of the river Gomti. It is one of the upcoming areas in of Lucknow in terms of development and infrastructure. It is a planned residential settlement with business opportunities and comes under the jurisdiction of Lucknow Development Authority.

Planning and infrastructure development in Gomti Nagar is undertaken by the Lucknow Development Authority (LDA). Gomti Nagar and Gomti Nagar Extension are jointly the largest planned townships in India. They house many premium residential projects, IT parks, malls, Special Economic Zones, business centers, multiplexes, and financial institutions.

Gomti Nagar is also home to renowned educational Institutions like Amity University, Institute of Management Research and Technology, National School of Management & Governance, and Dr. Ram Manohar Lohia Institute of Medical Science, to name a few. The area also has the markings of a developing city in the form of several hospitals and malls that dot the city.

Connectivity and Transit Points

Gomti Nagar Railway Station is the major rail transit point in Gomti Nagar. It is located on the Lucknow-Kanpur Suburban Railway route, which lies on the North, North Central, and the North Eastern Railway line, and connects Lucknow to Kanpur. The route has Electric Multiple Unit (EMU) or Mainline Electric Multiple Unit (MEMU) trains, which commuters take daily. The trains take less than two hours to make the entire journey of 72 km with stops at major stations.

The nearest bus stand in Gomti Nagar is the Gomti Nagar bus stop, which has buses that travel to all major destinations in the city. National Highway NH-28 passes through the region and connects Gomti Nagar to Lucknow.

Chaudhary Charan Singh International Airport is the nearest airport to Gomti Nagar, located 22 km from the locality. It has flights to domestic destinations like Patna, Kolkata, Mumbai, Hyderabad, Goa, Pune, Chennai, New Delhi, and Bangalore. International destinations include major cities in the Middle East.

Major Landmarks

Dr. Ambedkar Park

Moti Mahal

Chakra Tirth Temple

Victoria Memorial

Wave Mall

Begum Hazrat Mahal Park

Dilkusha Kothi Palace

Hazratganj

Mankameshwar Mandir

Gautam Buddha Park

St. Joseph's Cathedral

Kukrail Forest Reserve

British Residency

Museum of Archaeology

Factors for Growth in the Past

Gomti Nagar can attribute its growth to the fact that it has become the IT hotspot of Lucknow, and is slowly becoming a major commercial area. The national and state level headquarters of many firms are located here. It has many factories and small industrial units in the vicinity as well. This has helped to encourage and boost the development efforts in the region. Being a planned city, infrastructure expansion targets are easier to achieve and maintain in Gomti Nagar.

Residential & Commercial Market

Residential Market Trends

Most plots in Gomti Nagar and houses in Gomti Nagar are park-facing, as the colonies here, are based on the concept of 'maximum open space'.

Houses constitute one-third of the real estate market in Gomti Nagar and sell at Rs 5,500 per sq. ft., Layouts, and plots occupy the second-largest share and have a value of Rs 3,200 per sq. ft and apartments in the area sell at Rs 4,200 per sq. ft., as per the second quarter results of 2014.

Commercial Market Trends

Commercial spaces in Gomti Nagar rent at an average rate of Rs 40 per sq. ft. in the second quarter of 2014. The same can be purchased at an average rate of Rs 8,300 per sq. ft. The average value of commercial space in Gomti Nagar has risen over the years from Rs 6,300 per sq. ft. in the first quarter of 2012 to Rs 8,300 per sq. ft. in the second quarter of 2014.

Major Challenges

Gomti Nagar suffers from high levels of noise pollution due to the amount of construction work seen in the region. It is also prone to overflowing drains during monsoons. These drains also get blocked from time to time due to construction debris, which is intentionally dumped in the drains. Clogged drains also become a breeding ground for mosquitoes, especially during the monsoon season.

Factors for Growth in the Future

Infrastructure growth is expected in Gomti Nagar, thanks to the efforts of the Lucknow Development Authority (LDA). The robust infrastructure development seen in the area has attracted many developers to invest here. Around 50% of the development projects in the area are under construction. Many projects are in the pipeline, in the region.

The real estate investment and development efforts in Gomti Nagar are by Ansal API, Paarth Infrabuild Pvt. Ltd, RP Green Estate Pvt. Ltd., Viraj Constructions Pvt.Ltd, Rohtas Projects Ltd, Emaar MGF Land Ltd., DLF Group, Parsvnanth Developers Ltd, Manas Group, and others.