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4/5/2019

Plan Your Property Investment In The Smart City Of Prayagraj

Prayagraj, formerly known as Allahabad, is a city in the Indian state of Uttar Pradesh. The city is also the judicial capital of Uttar Pradesh, and as of 2011, Prayagraj is the seventh most populous city in the state, twelfth in Northern India and thirty-eighth in India. During the same year, the city was ranked as the world's 40th fastest-growing city. 

It enjoys a stable and diverse economy comprising various sectors such as offices, education and research institutions, real estate, retail, banking, tourism and hospitality, agriculture-based industries, railways, transport and logistics, and miscellaneous service sectors while considering construction sector as a significant part of the city's economy.

In 2014,  the bilateral meeting between the Indian Prime Minister and the US President resulted in the US's assistance to India in developing three smart cities - Allahabad, Ajmer and Visakhapatnam. To boost the country's 100 smart city programme, the Government of India officially included Allahabad on the list of 100 smart cities in August 2015. A memorandum of understanding was signed between the United States Trade and Development Agency (USTDA) and the Government of Uttar Pradesh for developing Allahabad as a smart city.

The Real Estate sector in Prayagraj is thriving. The need to upgrade the performance level by the developers along with the changing scenario in lifestyles is also felt. With an aim to create smart living options for the people, the best locations for commercial projects and residential projects in Prayagraj are Ahmadpur Asrouli Uparhar and Naini. The real estate projects, both residential and commercial, in these areas are based on the eco-friendly concept which practices the efficient use of energy, water, and building materials. 

The residential projects offered are in the form of spacious and ventilated 1/2/3 BHK flats as well as plots. Developers ensure the homebuyers with homes surrounded by nature, meticulous landscaping and lush greenery. The facilities that make the real estate properties an investment worth in Prayagraj include the car parking space, round-the-clock 3 tier security, maintenance service, power backup, fire fighting system, medical facilities, and so on. A mega zone of world-class amenities is added in the list for you to soak in fun such as a clubhouse with indoor and outdoor games, swimming pools, yoga, gym, meditation centers for health and fitness purpose.

Transportation and connectivity have a lot to contribute to making Pryagraj a preferred city by many. Prayagraj is connected to 6 cities by flight namely Delhi, Lucknow, Patna, Indore, Nagpur, and Bangalore with the nearest International airports located in Varanasi and Lucknow. The city has seven railway stations in its city limits with Allahabad Junction as one of the main railway junctions in Northern India and headquarters of the North Central Railway Zone. One can easily travel to other parts of the state as well as other major Indian cities like Kolkata, New Delhi, Hyderabad, Patna, Mumbai, Guwahati, Pune, Bhopal, Kanpur, Lucknow, Jaipur, Visakhapatnam, Chennai, Bangalore, and Thiruvananthapuram.

There are several important National Highways that pass through Prayagraj. The country's longest cable-stayed bridge the 'New Yamuna Bridge' is in Prayagraj which connects the city to the suburb of Naini across the Yamuna. Uttar Pradesh State Road Transport Corporation and Allahabad City Transport Service operate the bus service for traveling to various parts of the city, within the state and outskirts. The latest addition to the excellent transportation system of the city is the proposed metro route, consisting of two lines - an east-west line from Bamrauli to Jhunsi and a north-south line from Shantipuram in Phaphamau to Naini. The metro operations are expected to be started by the year 2023-24.

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