Azeagaia Development Private Limited is an Indian company, promoted by Overseas Companies through the automatic foreign direct investment route (FDI), having expertise in real estate development and advisory services across the globe. Our area of specialization is primarily development of Residential Townships, Commercial buildings & Developmental projects.
Azeagaia is a joint venture between Azea Property Investment and Global Assets & Investment Alliances (GAIA). Incepted in India for the purpose of investing in Real Estate Development through the Automatic Foreign Direct Investment Route. The main objective of this venture is to redefine the living standards of the country.
Traditionally, the residents of Lucknow have preferred to reside in a bungalow or builder floors rather than an apartment, because the requisite supply was available within their budget. However, over the past 6 to 7 years, residents have shown interest towards high rise apartments and integrated township developments. The shift in preferences of the residents is due to availability of superior infrastructure, gated/secured communities and other special amenities like club house, convenience shopping outlets, etc. This migration of plotted developments to apartments led to the emergence of newer areas like Central Lucknow (Jopling Road and Gokhale Marg), Gomti Nagar, Gomti Nagar Extension, Amar Shaheed Path, Indira Nagar, Faizabad Road and Sultanpur Road etc.
The Lucknow real estate market is largely ‘End-user’ driven, with moderate investment activity prevalent in newer location, such as Amar Shaheed path, Gomti Nagar, Sultanpur Road and Raibareli Road etc. The investor base includes bureaucrats, Gomti Nagar, Sultanpur Road and Raibareli Road etc. Lucknow city also attracts interests from residents of other tier 2 and tier 3 cities in Uttar Pradesh like Kanpur, Allahabad, Faizabad, Varanasi, Gorakhpur, Gonda, Bahraich, Sultanpur, Unnao, Etawah, Sitapur, Barabanki, Raibareli and due to its infrastructural development along with migrating working class population.
Gomti Nagar Extension mainly comprise of Amar Shaheed Path, Arjun Ganj and Sultanpur Highway. Gomti Nagar Extension and Gomti Nagar is one of the largest well planned townships in India and is promoted by Lucknow Development Authority (LDA).
Some of the landmark government developments in Gomti Nagar are Reserve Bank of India, NABARD, Software Technology Park, Central Reserve Police Force, Indian Industries Association, Confederation of Indian Industry & Investment Corporation of U.P., Central Warehousing Corporation and Non-Conventional Energy development Agency. Among the Grade-A commercial developments in Gomti Nagar, majority are located in Vibhuti Khand. Some of the operational retail malls in Gomti Nagar are West End Mall, Fun Republic Mall and Riverside Mall.