The Lucknow Development Authority (LDA) has approved a massive budget of ₹5,148 crore for the financial year 2026–27. The decision was taken at the 187th LDA Board Meeting held at Parijat Sabhagar, chaired by Divisional Commissioner Vijay Vishwas Pant. The budget will accelerate residential schemes, infrastructure development, and beautification projects across Lucknow.
₹5,148 Cr
Total Budget 2026-27
₹1,600 Cr
Land Acquisition Fund
848
Affordable Flats
₹400 Cr
Green Corridor
🏗️ ₹1,600 Crore for IT City, Wellness City & More
LDA Vice-Chairman Prathamesh Kumar confirmed that ₹1,600 crore has been approved for land purchase and acquisition for four major schemes — IT City, Wellness City, Naimish Nagar, and Varun Vihar. This allocation will help launch new residential schemes on the ground and complete pending projects, opening fresh opportunities for city expansion and private investment.
Additionally, ₹1,298 crore has been approved for development and maintenance of existing residential schemes, and ₹200 crore for infrastructure facilities across the city.
🏠 Affordable Housing — Sharda Nagar Extension
Acting on CM Yogi Adityanath directive to provide budget-friendly housing for common citizens (given during the inauguration of the Sardar Vallabhbhai Patel Housing Scheme at Dalibagh), LDA will launch an Affordable Housing Scheme in Sharda Nagar Extension at a cost of approximately ₹200 crore.
4 Towers
G+12 floors each
156 Flats
1 BHK — ~40 sq mt each
692 Flats
2 BHK — ~55 sq mt each
📍 Land identified: 12,494 sq mt near PM Awas Colony, Sharda Nagar. Amenities will include clean water supply, electricity, stilt parking, lifts, park, and kids play area.
🌳 Green Corridor Gets ₹400 Crore Push
LDA ambitious Green Corridor project will receive ₹400 crore to accelerate development. Additionally, ₹60 crore has been approved for developing new parks and maintaining existing ones across the city. Budget under PM Awas Yojana 2.0 has also been allocated for construction of new housing units.
🔒 Good News: Gomti Nagar Flat Prices Frozen for 1 Year
In a major relief for homebuyers, LDA has frozen the prices of flats in Parijat Apartments and Panchsheel Apartments in Gomti Nagar for one full year. No price hike will be made in the new financial year — buyers can purchase at existing rates. A new community centre will also be developed near Saraswati Apartments in Gomti Nagar Extension.
📋 Other Key Decisions from the 187th Board Meeting
- Layout (talpat map) revisions approved for CG City, Aishbagh Scheme, and Rifa-e-Aam Scheme to speed up development.
- Map approval for FSI-sold plots in Ansal Properties Hi-Tech Township passed.
- Building plan approval fees (OBPAS) revised for FY 2026-27. Builders and individuals must submit plans before April 1, 2026 to avoid higher charges.
- UP Urban Redevelopment Policy-2026 implementation approved, opening new avenues for urban renewal across the city.
- Families displaced from Anant Nagar (Mohan Road) due to illegal construction demolitions will be offered housing in Atal Nagar Residential Scheme, Devpur Para.
- ₹2 crore allocated for anti-encroachment machinery to intensify action against illegal constructions across Lucknow.
⚠️ Action Required: Map Approval Fee Hike from April 1, 2026
The LDA board has approved a revision in building plan (map) approval fees via the OBPAS system effective from the new financial year. If you have a pending map submission, file it before March 31, 2026 to lock in the current, lower approval charges.
Source: LDA 187th Board Meeting, March 20, 2026 · Sandesh Wahak / Times of India, Lucknow · Reported by DSD Properties Research Team