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Lucknow, Uttar Pradesh's capital and its largest city, is home to a population of 2.8 million, ranking as the eleventh most populous city in India. Nestled in the heart of the Indus-Gangetic Plain, Lucknow is encircled by rural settlements like Malihabad, Kakori, Mohanlalganj, Gosainganj, Chinhat, and Itaunja. It shares borders with Barabanki in the east, Unnao in the west, Raebareli in the south, and Sitapur and Hardoi in the north. Spanning 402 square kilometres (155 square miles), Lucknow stands as the twelfth most populated urban agglomeration in the nation.
This vibrant city is celebrated for its unique artisanal industries, notably specializing in intricate styles of embroidery like Chikan and Lakhnawi Zardozi. Lucknow takes pride in its recognition as one of Uttar Pradesh's most bicycle-friendly cities, fostering eco-friendly transportation methods.
Culturally rich, Lucknow boasts a heritage steeped in history, evident through its iconic landmarks. The Bara Imambara, Chhota Imambara, Imambara Ghufran Ma'ab, Aminabad, Colvin Taluqdars' College, La Martiniere Lucknow, Qaisar Bagh, and Rumi Darwaza stand as a testament to the city's historical legacy.
Renowned for its delectable cuisine, Lucknow's culinary fame transcends local boundaries, attracting visitors from various cities and countries. Its specialities include chaats, street food, kulfi, paan, sweets, and Nahari, a favoured dish among non-vegetarians prepared with mutton.
Investing in apartments or flats in Lucknow presents a compelling opportunity due to its blend of educational excellence, rapid urban development, and quality of life. The city is home to prestigious institutions such as the Indian Institute of Management Lucknow (IIM-L), the Indian Institute of Information Technology, Lucknow (IIIT-L), and the Central Drug Research Institute (CDRI). Lucknow's status as "India's Second Happiest City," as per a survey by IMRB International and LG Corporation, adds to its appeal.
Lucknow's well-connected infrastructure, exemplified by the efficient Lucknow Metro, contributes to its attractiveness. Lucknow's strategic location, intersecting two major Indian National Highways, NH-30 and NH-27, further enhances its accessibility and connectivity. Additionally, Lucknow offers residents a high quality of life with numerous parks and recreation areas, including Kukrail Reserve Forest, Gomti Riverfront Park, and the expansive Janeshwar Mishra Park, the largest park in Asia.
Lucknow has emerged as a preferred residential destination in Uttar Pradesh due to its continuous infrastructure improvements, international airport, and affordable housing options. Several burgeoning areas in Lucknow, including Sushant Golf City, Gomti Nagar, Faizabad Road, Amar Shaheed Path, Sultanpur Road and IIM Road have caught the attention of homebuyers.
In areas like Kursi Road, Chinhat, Sultanpur Road, Aliganj, Jankipuram and Raebareli Road, the average property prices typically range from Rs. 3,500 to Rs. 5,950 per square foot. Some top-selling projects in Lucknow include Pintail Park City, Paarth Canary, Belvedere Court 3-One World, Levana Bliss Delight, and Omaxe The Resort
Additionally, Lucknow offers attractive rental yields. Sultanpur Road (7.3%), Gomti Nagar Extension (5.9%), Sushant Golf City (5.3%), Uttardhauna (5.2%), Faizabad Road (4.8%) are some of the areas that offer the highest rental returns in Lucknow.
Here is the price list for some of the top areas in Lucknow:
Neighbourhood | Price/Sqft. |
---|---|
Sushant Golf City | Rs. 5,500 |
Gomti Nagar Extension | Rs. 6,050 |
Gomti Nagar | Rs. 7,000 |
Vrindavan Yojna | Rs. 4,950 |
Faizabad Road | Rs. 4,850 |
Amar Shaheed Path | Rs. 6,550 |
Mahanagar | Rs. 14,650 |
Vibhuti Khand | Rs. 7,600 |
Raebareli Road | Rs. 5,100 |
IIM Road | Rs. 5,650 |
Vrindavan Colony | Rs. 5,650 |
Kursi Road | Rs. 4,500 |
Chinhat | Rs. 3,550 |
Sultanpur Road | Rs. 5,400 |
Aliganj | Rs. 5,000 |
New Hyderabad | Rs. 5,850 |
Jankipuram Extension | Rs. 4,500 |
Kamta | Rs. 4,595 |
Uattardhona | Rs. 3,686 |
Baraulikhalilabad | Rs. 4,542 |
Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.
Lucknow, a vibrant metropolis, boasts prestigious institutions like the Institute of Engineering and Technology (IET Lko), Dr Ram Manohar Lohia National Law University (RMNLU), Institute of Hotel Management, Lucknow (IHM), Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPGI), Dr Ram Manohar Lohia Institute of Medical Sciences and King George's Medical University (KGMU). With an influx of students and job seekers, the real estate market in Lucknow is thriving. Notably, Faizabad Road stands out for its excellent connectivity, while Gomtinagar stands out for multiple software and IT companies. Companies such as Hindustan Aeronautics Limited, KARAM, Tata Marcopolo, Exide Industries, and Tata Motors set up their plants in Lucknow.
Vrindavan Yojna in Lucknow is recognised for its residential offerings, premium conveniences, and strategic proximity to key business centres, making it one of the most affluent areas in the city. Also, Lucknow features luxury projects such as Ratan Galaxy, Ora Constella, Eldeco Latitude 27, Rishita Manhattan, Shalimar Gallant West and Purvanchal Kings Court, offering residents a high-end living experience with top-notch amenities and spacious accommodations.
Renowned developers like Purvanchal Projects, Shalimar Group, Rishita Developers, Eldeco Group and Oro Group are operational in the region.
Across 20 locations in Lucknow, property prices have surged 5.54% YoY (Year-over-Year). This price is expected to go up by 9% in the upcoming years.
The average price of 1 BHK in Lucknow is Rs. 15.5 Lakh to Rs. 32 Lakh.
The average size of 1 BHK in Lucknow is 550 square feet.
The rent of a 1 BHK in Lucknow is Rs. 10,000 to Rs. 12,000 per month.
The average price of 2 BHK in Lucknow is Rs. 55 Lakh to Rs. 56.3 Lakh.
The average size of 2 BHK in Lucknow is 1150 square feet.
The rent of a 2 BHK in Lucknow is Rs. 15,000 to Rs. 20,000 per month.
The average price of 3 BHK in Lucknow is Rs. 85 Lakh to Rs. 96 Lakh.
The average size of 3 BHK in Lucknow is 1500 square feet.
The rent of a 3 BHK in Lucknow is Rs. 24,000 to Rs. 30,000 per month.
The average price of 4 BHK in Lucknow is Rs.1.38 Crore to Rs. 2.01 Crore.
The average size of 4 BHK in Lucknow is 2430 square feet.
The rent of a 4 BHK in Lucknow is Rs. 35,000 to Rs. 55,000 per month.
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