Invest In Lucknow

Lucknow, also known as the 'City Of Nawabs,' is the capital city of the most populated Indian state of Uttar Pradesh (UP). It's situated approx. 500 km southeast of New Delhi in the central part of UP. Lucknow has a humid subtropical climate with a hot summer season from  April to June and  a cool dry winter season from December to February.

 

Depending on the season, the temperature in the state varies significantly. In the summer season, the temperature can rise up to 45 degrees Celsius, whereas in the winter season, it can drop down significantly to as low as 3 degrees Celsius. The monsoon season in the city arrives in July and lasts until September. Lucknow receives approx. 100 cm of rainfall annually from the southwest monsoon winds.

 

Lucknow boasts of a rich cultural history and heritage. Lucknow is a very prominent trading city in India. Some major factors determining its economic base are:

 

  • its position as an administrative center of the state.
  • its position as a fast developing education and tourism center.

 

In the past few years, Lucknow has observed a noticeable rise in health services. Lucknow has a well-developed road infrastructure and is connected to other major cities, including the national capital, through the rail network. The Amausi airport in Lucknow connects it with the majority of  metropolitan cities such as Kolkata, Mumbai, Delhi, Patna and Varanasi.

 

Lucknow's urban growth is currently similar to other metropolitan cities of the same size. In the immediate future, Lucknow is expected to achieve rapid economic growth.

 

The key industries in the Lucknow Urban Agglomeration include distillery  chemicals, machine tools, aeronautics, furniture and chikan embroidery. Lucknow is also a prominent center for education, and research and development (R&D). Some major R&D centers located in Lucknow include the Central Drug Research Institute (CDRI), the National Dairy Development Board, Industrial Toxicology Research Centre (ITRC), National Handloom Development Corporation (NHDC) Ltd., Central Institute of Medical and Aromatic Plants (CIMAP), National Botanical Research Centre Institute (NBRI), Research Design and Standards Organisation (RDSO) and Pradeshik Cooperative Dairy Federation Ltd (PCDF).

 

The Uttar Pradesh government  is planning to set up an Information Technology (IT)/ IT Enabled Services(ITeS) Special Economic Zone (SEZ) in Lucknow to boost the IT sector in the city.

 

Real Estate Market in Lucknow:

 

The real estate market of Lucknow has noticed a considerable growth in recent times. Changing aspiration of the local population, rapid increase in economic activity, good salary packages and increased employment opportunities have spurred the growth of real estate market in Lucknow.

 

This sudden emergence of the real estate market in Lucknow can further be attributed to the rise in construction activity, the majority of which is being done in the residential sector. Real estate developers in Lucknow are building many townships on the outskirts of Lucknow.

 

With a view to give a fillip to the biotech sector, the UP government has collaborated with local universities and industries, the Council of Scientific and Industrial Research, and the Indian Institute of Technology Kanpur to set up a biotech park in Lucknow. This park plays a crucial role in the initial establishment phase of the start-up companies by furnishing key information concerning business avenues. It also provides easy access to the expertise of esteemed and successful scientists. This park can prove immensely beneficial for investors looking to invest in the biotech sector.