Emaar India Launches ₹400 Crore Premium Housing Project in Lucknow
Emaar India, the Indian business entity of Dubai-based Emaar Properties, has announced a substantial investment of ₹400 crore to develop its first premium high-rise housing project, ‘Elite Oasis’, in Lucknow. The project, located in Gomti Nagar Extension, is poised to set new benchmarks in the city's real estate market.
The project, spread over 2.923 acres, will comprise 194 units, with a price range of ₹2.75 crore to ₹4.15 crore. According to the company, the total investment for the project is ₹400 crore, and the expected revenue is ₹650 crore. This ambitious project is designed to cater to the growing demand for premium living spaces in Lucknow.
Elite Oasis will overlook the scenic Gomti Greens on one side and the Gomti River on the other, offering residents a tranquil and luxurious living environment. The project will feature a modern clubhouse with a built-up area of 2870 sq m (30,892 sq. ft.), equipped with state-of-the-art amenities to enhance the living experience.
The housing project offers a wide range of residential units, including 3BHK + U and 4BHK + U (two types). The price range for 3BHK units will be between ₹2.75 crore and ₹2.90 crore, while 4BHK units will be priced between ₹3.87 crore and ₹4.15 crore. This variety ensures that the project caters to the diverse needs of potential buyers.
Strategically located, Elite Oasis is just 17.7 km from the Lucknow airport and 10.2 km from the Gomti Nagar railway station, making it easily accessible and convenient for residents. The project’s prime location, coupled with its premium amenities, is expected to attract a significant number of homebuyers and investors.
Kalyan Chakrabarti, CEO of Emaar India, expressed his enthusiasm about the launch of Elite Oasis. 'We are excited to announce the launch of ‘Elite Oasis’. This project stands as a testament to Emaar’s unwavering commitment to providing high-quality living spaces that align with our customers' needs and uphold the highest design standards. In Lucknow, Emaar is going to utilize this expertise to launch our first group housing project for the people of Lucknow, who are aspiring for a world-class lifestyle,' he said.
Emaar India’s foray into Lucknow’s real estate market with Elite Oasis is a significant step in the company’s expansion strategy. The project is expected to not only transform the local real estate landscape but also set new standards for premium living in the city.
