The Lucknow real estate market is witnessing a major push from regulators and government bodies alike. In a high-level board meeting held on March 17, 2026, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) gave its green light to 24 new residential and commercial projects spread across multiple cities in the state. The combined investment commitment stands at a staggering ₹6,842 crore — signalling strong developer confidence in UP's urban growth story.
24
Projects Approved
₹6,842 Cr
Total Investment
7,800+
New Units in Lucknow
🏙️ Lucknow Gets the Biggest Share
Out of the 24 approved projects, 4 major projects are located in Lucknow. These projects will collectively deliver 7,800+ new homes and commercial units, directly addressing the rising housing demand from IT professionals, government employees, and first-time homebuyers moving into the city.
📍 Key Growth Corridors
Sultanpur Road
Lucknow's fastest-growing corridor. Home to LDA IT City, Phoenix Palassio, and the International Cricket Stadium. Premium and upper-mid segment projects dominate here.
Kisan Path / Outer Ring Road
Large-format township projects are taking shape here. Wide roads, low congestion, and upcoming metro connectivity make this a smart early-investment zone.
Raebareli Road
Affordable housing hotspot near PGI Hospital and SGPGI. Strong demand from medical staff, government employees, and budget-conscious first-time buyers.
🏢 LDA IT City — Latest Update
Alongside private developers, Lucknow Development Authority (LDA) is accelerating work inside the massive 3,490-acre IT City township on Sultanpur Road. A transparent lottery for 549 developed residential plots across Sectors 15, 16, 17, 18, and 30 was recently completed on March 10, 2026. Plot sizes range from 377 sq ft to 3,100 sq ft. The HCL Technologies partnership and SEZ designation continue to attract major IT firms, with 75,000+ jobs expected upon full completion.
Read the complete IT City guide →💡 What This Means for You
- More RERA-registered projects mean stronger buyer protection and legal security.
- Increased supply on Sultanpur Road and Kisan Path will keep prices competitive in 2026.
- Raebareli Road remains the best bet for affordable housing under ₹50L.
- LDA IT City's public plot scheme is expected soon — early movers will get best pricing.