LUCKNOW: The Lucknow Development Authority is set to launch the IT City housing scheme on Sultanpur Road on February 28, starting with the allotment of developed plots to landowners under the land pooling policy.
A total of 870 residential plots will be allocated to 336 farmers who contributed land to the project, with allotments conducted via a lottery system.
The draw will take place in the presence of the landowners at the Indira Gandhi Prathishthan.
The initial phase will offer plots ranging from 35 sq m to 288 sq m. After allotment to land pooling beneficiaries, the remaining plots will be available for public registration at a proposed rate of approximately Rs 4,000 per sq ft.
The IT City project spans about 3,500 acres along Sultanpur Road, with eight sectors set to be opened in the initial phase. Residential plots will be located in sectors 15, 16, 17, and 18, with an IT hub being developed near Bakkas village.
LDA vice-chairperson Prathamesh Kumar stated that all landowners who signed land pooling agreements will qualify for the allotment of developed plots under the scheme, which will be provided free of charge.
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