Tag: Lucknow real estate

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Lucknow body sells ₹300 crore property in e-auction

LUCKNOW: The LDA recently conducted an e-auction, successfully selling property valued at over Rs 300 crore. Two school plots of 3,500 sqm each in Sector-N of the Basantkunj scheme were sold for Rs 14 crore each, aimed at establishing private schools to serve the Basantkunj area and nearby housing colonies under the Pradhan Mantri Awas Yojana. Additionally, a commercial plot in the Central Business District that was originally valued at Rs 51 crore fetched an impressive Rs 76 crore. A 288 sqm plot in Sector-4 of Gomtinagar Extension, listed at Rs 95 lakh, sold for Rs 2.76 crore. Furthermore, a…

Latest StoriesRera

Over 200 Projects Registered with UP-RERA in Early 2025

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has seen the registration of 208 projects from January to August 2025. In comparison, 259 projects were registered in 2024, with Lucknow and Gautambuddha Nagar leading in project registrations. Sanjay Bhoosreddy, the chairman of UP-RERA, stated, “Our commitment at UP-RERA is to safeguard consumer interests while fostering trust and transparency in the real estate market. The rise in project registrations indicates positive investor sentiment, proactive policies by the state government, and enhanced infrastructure in both metropolitan and tier-II cities.” Enhanced monitoring by RERA has resulted in timely project completions, increased…