The Economic Times

Shalimar acquires 3-acre Lucknow land parcel for 450 crore, highest in tier 2 city

Shalimar Corp has acquired a three-acre land parcel in Lucknow for 450 crore. This acquisition marks a significant deal within tier two cities. Developers are actively acquiring land in prime locations due to rising demand. Consumers now seek planned neighborhoods with quality construction and modern amenities. This trend indicates a new wave of real estate growth in tier two cities.