One of the oldest cities in the country there is a legacy that is borne by Lucknow since the days of the royals. This is a place that was a much favored location for second homes and even expatriate homes for families from different parts of the country. Apparently it may seem that property rates in Lucknow will not be influenced by market or economic shifts. But over the years the city has seen a steady and consistent development. It is true that at various stages the process of up gradation of infrastructure and other resources have not be ideally handled and carried out in the way they should have been.
There has been a steady development in the economic sector of the city as well. More and more companies have been invited by the State government to take up commercial initiatives within the city. And this has also met with subsequent response from the corporate and industrial sector. In the past decade there has been a steady increase in jobs and vacancies that have also left its mark over the property rates in Lucknow.
The new methods of construction and real estate development have also considerably affected the property rates in Lucknow. There are many who have invested in these at prime locations and others who have been attracted to the modern designs and planning of the houses or apartments. There is an extraordinary use of modern technology to provide state of the art amenities and modern facilities for a comfortable and stylish lifestyle within these houses and high-rise apartments. Their designs and locations are also supported by the presence of good road networks and a developing infrastructure. Over the past few years the city has seen various developments in the form of commercial complexes and shopping malls that have tend to increase the basic standards of life.
Another reason that has considerably affected the property rates in Lucknow is the large scale investment in properties and real estate developments that has been undertaken by many. These have been done with the aim of speculation for a better price in the future but for now has been successful in a rapid sell out which in turn has also hiked the prices at the same time.
| Locality | Sale | Rent | ||
| Price Range In Rs.(in sq. feet) | Average Price(in sq. feet) | Price Range(in sq. feet) | Average Price In Rs. (in sq. feet) | |
| Hazratganj | 3300/ – 3700/ | 3500/ | 10-11 | 10 |
| Faizabad Road | 2000/ – 3000/ | 2500/ | – | – |
| Gomti Nagar | 2200/ – 2500/ | 2400/ | 9-10 | 10 |
| Rai Bareily Road | 2000/ – 2300/ | 2100/ | – | – |
| Sultanpur Road | 1900/ – 2100/ | 2000/ | – | – |
| New Hyderabad | – | – | 9-10 | 10 |
| Vrindavan Yojana | 2100/ – 2300/ | 2100/ | – | – |
| Vibhuti Khand | 1350/ – 1800/ | 1600/ | – | – |
| Joppling Road | 2300/ – 3400/ | 2900/ | – | – |
| Janakipuram | 1400/ – 1900/ | 1800/ | – | – |
| Mahanagar | 1600/ – 2300/ | 1900/ | – | – |
| Parsvnatt | 14000/ – 1800/ | 1600/ | – | – |
| Plumeria | 1300/ – 1800/ | 1600/ | – | – |
| Uno Green City | 900/ – 1200/ | 1100/ | – | – |
| Gokhle Marg | 2300/ – 3100/ | 2900/ | – | – |
| Aliganj | 800/ – 1000/ | 900/ | – | – |