Lucknow Property Prices Surge: Gomti Nagar Hits ₹70,000 per Sq. Meter
Lucknow's real estate market is witnessing a significant boom, with new circle rates set to take effect from August 1. Prime areas like Gomti Nagar are seeing record-high property prices, making it essential for buyers to prepare for steeper costs.
LucknowReal EstateProperty PricesGomti NagarCircle RatesReal EstateJul 02, 2025
The revised rates, effective from August 1, aim to bridge the gap between government valuations and market prices, boosting revenue. These changes reflect the growing demand and development in Lucknow's real estate sector.
Revised Property Circle Rates
Premium Areas (Highest Rates)
- Gomti Nagar (Virajkhand & Vibhutikhand): ₹70,000/sq m
- Shaheed Path (Lulu Mall, Medanta, Sushant Golf City): ₹50,000–52,000/sq m
- Kapurthala & Aliganj (Sector L): ₹54,000/sq m
- Ayodhya Road (Mahanagar to Nishatganj): ₹53,000/sq m
- Munshipulia to Sector 17 (via Metro): ₹49,500/sq m
Mid-Range Areas
- Rae Bareli Road (Mohanlalganj): ₹18,000–40,000/sq m
- Nilmatha Underpass to Vijayanagar: ₹40,000/sq m
- Kisan Path (Outer Ring Road – Municipal Limit): ₹20,000/sq m
Affordable Zones
- Purvanchal Expressway: ₹6,000–10,000/sq m
- Bakshi Ka Talab (Outer Ring Road): ₹8,000–10,000/sq m
- Malihabad Mohan Road: ₹7,000/sq m
- Mall Rahimabad Road: ₹3,400–8,200/sq m
- Kanpur Road (Junabag to Bhagu Kheda): ₹15,000/sq m
Feedback Window Open Till July 17
Officials say the hike aligns with market prices and aims to boost revenue. Land rates have risen by 15–25%, with commercial plots and high-rises seeing the biggest jump. Properties with active commercial use may face an extra 20–50% hike.
Residents can submit objections till July 17, with final rates set by July 27. DM Surya Pal Gangwar urged citizens to share feedback and ensure transparency. With Lucknow’s real estate boom in full swing, buyers must brace for steeper costs in prime areas.
The city's real estate sector has seen substantial growth, driven by infrastructure development, economic activities, and increasing population. These new rates are expected to bring the government valuations closer to the actual market prices, ensuring a more balanced and transparent real estate market in Lucknow.
Frequently Asked Questions
When will the new circle rates take effect?
The new circle rates will take effect from August 1, 2023.
What is the highest rate per sq. meter in Lucknow?
The highest rate per sq. meter in Lucknow is ₹70,000, found in Gomti Nagar’s Viraj Khand and Vibhuti Khand.
How can residents provide feedback on the new rates?
Residents can submit their objections to the new rates until July 17, 2023, with final rates set by July 27, 2023.
What is the purpose of the new circle rates?
The purpose of the new circle rates is to bridge the gap between government valuations and market prices, boosting revenue and ensuring transparency in the real estate market.
Which areas are considered mid-range in terms of property prices?
Mid-range areas in Lucknow include Rae Bareli Road, Nilmatha Underpass to Vijayanagar, and Kisan Path (Outer Ring Road – Municipal Limit).
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