Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Location : Lucknow

Lucknow Development Authority launches e-auction for 300+ plots across city hotspots

The Lucknow Development Authority (LDA) has opened its e-auction platform for over 300 residential and commercial plots across prime locations such as Gomtinagar, Basant Kunj, and Rae Bareli Road. The bidding process allows a month-long registration window, with live auctions scheduled shortly. This follows LDA's earlier efforts to dispose of unsold commercial inventories and recover significant outstanding dues from defaulters. The auction is part of a larger urban development push, with LDA adopting innovative revenue recovery and land monetisation strategies that have already shown strong results in previous property auctions conducted this year.Read more

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LDA holds property prices steady even as circle rates rise across Lucknow

As Lucknow gears up for a significant revision in DM circle rates the first in nearly a decade the Lucknow Development Authority (LDA) has opted to maintain existing property prices for its flats and plots. This move ensures that upcoming schemes such as Anant Nagar and ongoing allotments under the first-come-first-served policy remain unaffected by the hike. With circle rates rising by 15-25% in several localities, LDA's decision provides immediate relief to homebuyers, shielding them from increased registration costs and making government housing a more attractive option amid surging land values.Read more

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Lucknow property prices set to rise as district plans up to 25% hike in circle rates

Property transactions in Lucknow are about to get costlier as the district administration has proposed a substantial revision in circle rates base rates used to determine property registration value. While the average increase is pegged at 15%, certain high-demand urban areas could see hikes of up to 25%. Rates for multi-storey construction and commercial land are also being revised upward, with a clear aim to align them more closely with market realities. The proposed hike is currently open for public feedback and, once finalized, will come into effect from the beginning of August. The last revision in circle rates was done nearly a decade ago.Read more

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Lucknow sees strong house tax compliance in first quarter with over 3 lakh payments

Lucknow Municipal Corporation (LMC) reported that more than 3 lakh homeowners cleared their house tax dues during the April-June quarter, boosting collections to INR 202.4 crore. A 10% rebate on online payments spurred this trend, though around 4.33 lakh properties remain unregistered. The rebate period has shifted now covering both house tax and user charges paid online until the end of this month. With persistently high defaulter numbers, LMC is tightening recovery efforts employing interest penalties and potential account actions. These efforts build on recent reforms like GIS surveys and weekend tax collection aimed at improving compliance.Read more

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Lucknow PMAY housing lottery sparks protest over full payment preference

A PMAY housing lottery in Lucknow sparked protests after the UP Housing and Development Board gave preference to applicants able to pay the full amount upfront, sidelining those opting for installment payments. Of the 744 units in the draw, most were reissued homes from previous allotments where full payment had caused dropouts. Many low-income applicants, particularly for INR 5 lakh units, felt misled as the payment clause was not clearly highlighted. This marks the first time such a preference has been applied. An inquiry has been launched, with officials reviewing communication gaps. The move has raised broader concerns about equitable access to affordable housing.Read more

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LDA's new model gives farmers a fair share in Lucknow's real estate rise

Farmers giving land for Lucknow's IT City along Sultanpur Road are set to gain nearly 10 times more than traditional land acquisition offers, thanks to a voluntary land pooling model. Instead of cash, they receive a share in developed or undeveloped land, allowing them to benefit from future value growth. So far, over 350 bighas have been pooled. Spread across 2,858 acres, the project includes residential, industrial, commercial, and green zones. Improved road connectivity and strict development oversight by the LDA add to its appeal. Inspired by Pune's Magarpatta model, this approach promotes farmer-inclusive urbanisation with long-term benefits for landowners.Read more

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Lucknow gets new IT, residential, and commercial zones near Sultanpur Road

The Lucknow Development Authority (LDA) is developing 10 high-tech sectors across 2,858 acres near Sultanpur Road and Kisan Path, with designated zones for IT parks, housing, commercial hubs, civic spaces, and institutions. An additional 188 acres are allocated for a Central Park and golf course. The layout features a grid-road system and eco-friendly planning, including rainwater harvesting and green-building standards. Public transport will be supported with dedicated bus, cycling, and pedestrian lanes. LDA's land-pooling scheme has secured 186 acres from 39 landowners, enabling plans for 5,000 residential plots and extensive industrial and commercial development, all aimed at job creation and regional growth.Read more

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LDA launches Udyog Nagar and Naimish Nagar housing projects in Lucknow

The Lucknow Development Authority (LDA) has launched two major housing projects-Udyog Nagar and Naimish Nagar-targeting the city's growing demand for affordable, well-planned residences. Udyog Nagar is envisioned as a modern township with green spaces, strong connectivity to commercial hubs, and integrated urban amenities. Naimish Nagar will offer varied housing options catering to diverse income groups, with an emphasis on affordability and quality. Both projects will be developed in phases, employing sustainable construction technologies aligned with national urban housing policies. Building on its successful track record of housing schemes for low- to middle-income groups, the LDA aims to further bridge the housing gap. The new townships will also feature recreational areas, schools, and healthcare facilities, contributing to community welfare. As Lucknow's infrastructure rapidly evolves, these projects are expected to drive residential growth and ease market demand.Read more

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LDA to hold lottery for 334 plots in Anant Nagar Scheme on June 10

The Lucknow Development Authority (LDA) will conduct a lottery on June 10 to allot 334 residential plots in the Anant Nagar Scheme at Indira Gandhi Pratishthan. Over 13,000 applicants registered online for the scheme. Spread across 785 acres on Mohan Road, Anant Nagar will eventually host 2,100 residential plots, 120 commercial plots, and 60 group housing plots, with 5,000 units reserved for EWS and LIG segments under Pradhan Mantri Awas Yojana. The township will feature a 100-acre Edutech City, 130 acres of green spaces, underground power cables, a grid road network, and a zero-liquid discharge system. The road connecting to Kisan Path will be widened to 24 metres to improve access. Land acquisition and compensation efforts are underway. Anant Nagar reflects Lucknow's push for sustainable, affordable urban housing and modern infrastructure.Read more

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IHG expands India portfolio with 110-key Crowne Plaza Lucknow

IHG Hotels & Resorts marked a key milestone earlier this week with the opening of its 50th operational hotel in India Crowne Plaza Lucknow, comprising 110 keys. The hospitality giant reaffirmed its commitment to the Indian market by announcing a robust pipeline of nearly 70 hotels slated for launch over the next two to three years. Meanwhile, Indian Hotels Company Ltd (IHCL) entered into an agreement for a 101-key Gateway-branded hotel in Nathdwara, Rajasthan. The move supports IHCL's strategy to strengthen its presence in religious and cultural destinations across India.Read more

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LDA announces INR 3,300 crore development projects to transform Lucknow's Gomti Nagar Extension

The Lucknow Development Authority (LDA) is poised to launch two major projects in Gomti Nagar Extension, with a total investment of INR 3,300 crore. The first project, River View Apartments, will develop 51 acres of residential land featuring a range of flats, penthouses, and affordable housing for Economically Weaker Sections (EWS) and Lower Income Groups (LIG), all overlooking the Gomti River. The second project involves a hotel-cum-commercial complex on 5.5 acres, designed under a Public-Private Partnership (PPP) model. Together, these developments are expected to significantly upgrade Lucknow's urban infrastructure and lifestyle offerings, further boosting the city's appeal as a modern residential and commercial hub.Read more

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Lucknow high-rises face mandatory audits under new LDA safety rules

The Lucknow Development Authority (LDA) has launched mandatory safety and structural audits for high-rise buildings over 15 metres tall and more than five years old, following the 2023 Harmilap Tower collapse that claimed eight lives. As per new bylaws, owners must conduct audits every five years through LDA-approved firms and rectify any deficiencies within a set timeframe to avoid penalties. The audits cover structural risks, life safety, and fire protocols. Public input, including 1,100 suggestions, is shaping ongoing reforms-such as a proposed increase in road width requirements. The initiative underscores LDA's commitment to urban safety, accountability, and responsive governance.Read more

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Lucknow: LDA to launch registrations for 2,502 affordable flats under Vishram Nagar Scheme

The Lucknow Development Authority (LDA) is preparing to initiate the registration process for 2,502 residential flats under the Vishram Nagar Housing Scheme in Devpur Para, Kabir Nagar. The project, which targets households from the Middle-Middle Income Group (MMIG), Low-Income Group (LIG), and Economically Weaker Section (EWS), provides a range of unit sizes in addition to extensive infrastructure and community facilities. With groundwork nearing completion, the authority has directed officials to finish all civil, electrical, and infrastructural tasks within this month. Registrations are expected to commence next month.Read more

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Ansal Properties faces 5 more FIRs in Lucknow over INR 5.78 crore real estate fraud

Ansal Properties and Infrastructure Ltd (API) is facing a growing legal battle in Lucknow, with five new FIRs filed for allegedly defrauding customers of INR 5.78 crore. These cases involve the sale of government land using forged documents, with some buyers having paid large sums for properties that were never delivered. This brings the total number of ongoing investigations in Lucknow to approximately 70. Authorities have initiated further action, including an inquiry by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA) and concerns raised by the Lucknow Development Authority over the company's failure to develop promised infrastructure.Read more

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LDA raises flat discounts to INR 2 lakh to boost housing sales in Lucknow

The Lucknow Development Authority (LDA) has increased discounts on flat purchases to boost sales. Now, buyers can get INR 1.5 lakh off on flats priced up to INR 45 lakh, and INR 2 lakh off on flats priced above INR 45 lakh. The offer is valid till June 30 on a first-come, first-serve basis. The discounts apply to various LDA housing schemes across Lucknow, including areas like Kanpur Road, Shardanagar, Jankipuram, and Adra. LDA has also hired private real estate brokers to help sell unsold flats. The scheme was first launched last October and has now been revised again.Read more

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Lucknow CM inaugurates LDA's INR 7,000 crore Anant Nagar Housing Project

Uttar Pradesh Chief Minister Yogi Adityanath recently inaugurated the 800-acre Anant Nagar Housing Scheme by the Lucknow Development Authority, aiming to offer world-class residential facilities. With a INR 7,000 crore investment, the integrated-township is strategically located near the international airport, expressway, and Ring Road. Designed to house 1.5 lakh people, it includes 10,000 flats, seven plotted sectors, and 5,000 units for EWS and LIG groups. Under PMAY, 3,000 homes will be provided. The township also features a 130-acre park and EduTech City, incorporating schools, technical, and medical institutes to offer comprehensive educational opportunities within the residential-community.Read more

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LDA intensifies crackdown on illegal real estate with Palm Residency demolition in Lucknow

The Lucknow Development Authority (LDA) has intensified its campaign against unauthorized real estate developments by demolishing Palm Residency, an illegal 38-acre colony located in Bakkas Village, part of Sushant Golf City. Despite having no layout approval, the site had partially developed infrastructure, including roads, drainage lines, and a site office. Acting under court directions, the LDA carried out a large-scale demolition, warning developers and buyers against initiating or investing in unapproved layouts. The move signals a tougher stance by the authorities on illegal plotting in the Lucknow real estate market.Read more

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Lucknow's Times Property Expo showcases modern urban living projects

The two-day Times Property Expo in Lucknow highlighted the city's transformation into a hub of modern urban living. Featuring diverse listings from prominent developers, the expo showcased luxury apartments, affordable housing, and commercial spaces in prime locations like Gomtinagar Extension and Hazratganj. Innovative projects included smart homes with integrated technology, eco-friendly buildings, and township developments with essential amenities. District Magistrate Vishak G Iyer emphasized Lucknow's balance between heritage charm and modern infrastructure, reflecting its growing appeal as a city of opportunities and quality living.

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Lucknow civic body collects INR 2 crore house tax on the first day of the new fiscal

The Lucknow Municipal Corporation witnessed a strong start to the financial year 2025-26 by collecting INR 2 crore in house tax within the first few hours of April 1. The quick inflow is being credited to early bird discounts and improved digital payment systems. Officials believe this reflects increased awareness and cooperation among residents regarding civic responsibilities. The collected funds will support critical infrastructure projects, sanitation, and other urban services. The civic body has also launched campaigns to encourage more timely payments throughout the year.

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