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Allahabad
The Allahabad real estate market is currently navigating a period of price correction, with the average rate settling at ₹4,950 per sq ft. This adjustment provides a fresh entry point for buyers compared to the higher rates observed in the recent past. The supply mix is well-distributed, offering choices between immediate possession and future-ready projects, catering to distinct buyer requirements. Meanwhile, the luxury segment remains active, with premium developments in areas like Civil Lines and Lukarganj maintaining strong value benchmarks.
As of September 2026, the average asking price in Allahabad is ₹4,950 per sq ft. This figure represents a depreciation of 37.17% compared to the previous period, reflecting a significant market adjustment in the city's residential sector.
Property rates in Allahabad have shown a downward trajectory in the most recent quarters. The average asking price stood at ₹7,900 per sq ft in December 2025, decreasing to ₹4,950 per sq ft by March 2026. This trend suggests a period of price correction, which may offer more accessible entry points for potential homebuyers compared to the higher valuations seen in late 2025.
As of September 2026, villas in Allahabad command a higher average price of ₹6,800 per sq ft, having depreciated by 0.53% over the observed period. In contrast, apartments are priced at an average of ₹4,950 per sq ft, which reflects a more substantial depreciation of 37.17% over the same timeframe. This price gap highlights the premium associated with independent villa living compared to the apartment segment in the city.
As of September 2026, ready-to-move projects in Allahabad are priced at an average of ₹6,200 per sq ft, showing a slight depreciation of 0.45% over the comparison period. Meanwhile, under-construction projects are currently priced at ₹6,250 per sq ft, which represents a depreciation of 2.95% from the previous period. The marginal difference between these two categories indicates a relatively stable pricing environment for both immediate possession and future delivery properties.
The highest listing rates in Allahabad are currently led by Citizen Neo Heights in Civil Lines, which is priced at ₹9,700 per sq ft, with rates remaining stable. Other premium projects include Vivanta Vedic Greens in Lukarganj at ₹8,700 per sq ft and Shervani Legacy in Sulem Sarai at ₹8,350 per sq ft. Notably, Shervani Legacy has seen a significant appreciation of 25.14% compared to the previous period, indicating strong demand for this specific development.
Well-occupied projects in Allahabad are currently priced at ₹5,100 per sq ft as of September 2026. These properties have experienced an appreciation of 1.01% over the observed period, signaling resilient demand and stable value retention for projects that are already established and inhabited by residents.
