Lucknow Unveils Affordable Housing Scheme in Prime Locations

Lucknow Development Authority (LDA) introduces an exclusive 'First Come, First Serve' housing scheme, offering discounted flats in key areas of the city.

Affordable HousingLucknowLdaReal EstateUrban PlanningReal Estate NewsJun 22, 2025

Lucknow Unveils Affordable Housing Scheme in Prime Locations
Real Estate News:Lucknow’s residential landscape is witnessing renewed momentum as the Lucknow Development Authority (LDA) introduces an exclusive housing initiative under its “First Come, First Serve” scheme. The campaign, launched with an aim to offer affordable housing in strategic areas of the city, comes with compelling discounts and flexible possession terms, reinforcing the city’s commitment to inclusive urban growth.

Effective until June 30, 2025, the scheme opens access to 1BHK, 2BHK, and 3BHK flats in prominent LDA residential zones, such as Shravan, Adra, Sopan Enclave-2, Smriti Apartment, Ratan Lok, and others. These homes, priced between ₹22 lakh and ₹1 crore, are not only positioned in well-connected neighbourhoods but also tailored to appeal to a broad socio-economic spectrum.

The pricing incentive includes a flat ₹1.5 lakh discount for homes priced below ₹45 lakh and up to ₹2 lakh off for those above this threshold. Additionally, the authority is offering further rebates of up to 6% for buyers making full payment within 45 days of allotment. This tiered discount structure is designed to support first-time homebuyers while also encouraging early closures for those with the capacity for upfront investment.

What sets the scheme apart is the flexibility it offers across buyer categories. Government employees are eligible for immediate possession after paying just 25% of the total cost, while general buyers can obtain possession with 35% upfront. This approach allows faster occupancy and supports housing as a utility rather than merely an investment vehicle.

The move also caters to investors, as the LDA has lifted the restriction on purchasing multiple units, opening the door to those looking to expand property portfolios or secure additional homes for family members. This initiative marks a strategic step in the authority’s long-term urban planning roadmap. It reflects an effort to balance affordability, livability, and development equity in one of India’s fastest-growing tier-2 cities. Given Lucknow’s growing status as a cultural, administrative, and business hub, such schemes play a crucial role in shaping its urban form and ensuring residential access remains democratic and opportunity-led.

With limited inventory and growing interest, LDA officials have urged prospective buyers to act promptly. Bookings are ongoing and properties will be allocated strictly on a first-come, first-serve basis.

Frequently Asked Questions

What is the 'First Come, First Serve' housing scheme by LDA?

The 'First Come, First Serve' scheme by LDA offers affordable 1BHK, 2BHK, and 3BHK flats in prime locations of Lucknow with significant discounts and flexible possession terms.

What are the price ranges for the flats under this scheme?

The flats are priced between ₹22 lakh and ₹1 crore, with additional discounts based on the home's price and payment terms.

What discounts are available for homebuyers?

Homebuyers can enjoy a flat ₹1.5 lakh discount for homes priced below ₹45 lakh and up to ₹2 lakh off for those above this threshold. Additional rebates of up to 6% are available for full payment within 45 days.

What are the possession terms for government employees?

Government employees can obtain immediate possession after paying just 25% of the total cost.

Can investors buy multiple units under this scheme?

Yes, the LDA has lifted the restriction on purchasing multiple units, making it attractive for investors looking to expand their property portfolios.

Related News Articles

Bollywood Next Gen Takes Over the Property Market: Aryan Khan's Latest Acquisition
Real Estate Mumbai

Bollywood Next Gen Takes Over the Property Market: Aryan Khan's Latest Acquisition

Aryan Khan joins the league of young Bollywood stars investing in luxury properties, buying two floors in a Delhi building worth ₹37 crore.

July 29, 2024
Read Article
Unlocking Real Estate Investment Trusts (REITs): A Key Player in India's Property Market
real estate news

Unlocking Real Estate Investment Trusts (REITs): A Key Player in India's Property Market

Real Estate Investment Trusts (REITs) are companies that own, operate, or finance income-generating real estate, providing a unique opportunity for investors to earn dividends without directly managing properties.

August 10, 2024
Read Article
Lupin Shares Drop 3% Amidst USFDA Observations on Biotech Unit in Pune
Real Estate Pune

Lupin Shares Drop 3% Amidst USFDA Observations on Biotech Unit in Pune

Pharmaceutical giant Lupin's shares took a hit of 3% on Monday after the US Food and Drug Administration (USFDA) issued five observations during a Pre-Approval Inspection of its Biotech facility in Pune. The company assured a comprehensive response to the

October 7, 2024
Read Article
Grovy India’s First 3:1 Bonus Issue: Real Estate Penny Stock Soars Ahead of Record Date
Real Estate

Grovy India’s First 3:1 Bonus Issue: Real Estate Penny Stock Soars Ahead of Record Date

Grovy India, a penny stock in the real estate sector, saw a surge in buying activity on October 10, just days before its first-ever 3:1 bonus issue. The record date for the bonus issue is set for October 23.

October 11, 2024
Read Article
IT Department Seizes Over ₹10 Crore in Cash from Three Mumbai Builders During Surprise Raids
Real Estate Mumbai

IT Department Seizes Over ₹10 Crore in Cash from Three Mumbai Builders During Surprise Raids

The Income Tax (IT) department recently conducted surprise raids on three prominent real estate developers in Mumbai, seizing over ₹10 crore in undeclared cash. The raids highlight the ongoing efforts to combat black money and financial irregularities in

December 20, 2024
Read Article
Nifty on Track for a Phenomenal 2025? 20-25% Returns Possible, Says Sharad Avasthi
Real Estate

Nifty on Track for a Phenomenal 2025? 20-25% Returns Possible, Says Sharad Avasthi

The Indian stock market, bolstered by solid economic growth and transformative trends, is set to deliver impressive returns in 2025. Sharad Avasthi, a market expert, predicts a strong performance driven by robust government spending and sectoral growth.

January 1, 2025
Read Article