Lucknow
Hazratganj stands as a established real estate hub in Lucknow, characterized by a mix of residential apartments and high-value commercial spaces. Property rates are currently set at ₹6,000 per sq ft, reflecting a steady market that has stabilized following recent quarterly adjustments. The rental market is particularly active, with a healthy rental yield of 3.80% attracting interest from both small and large-scale investors. Development activity remains focused on ready-to-move inventory, ensuring immediate utility for prospective buyers and tenants alike.
The average asking price in Hazratganj is ₹6,000 per sq ft as of June 2026. This figure reflects a market correction, having depreciated by 8.45% compared to previous periods. Understanding this trend is essential for buyers, as it indicates a softening in seller expectations or a shift in the current supply-demand balance within this prime locality.
Property prices in Hazratganj have shown a mixed trajectory over the last few quarters. While the average asking price stood at ₹6,550 per sq ft in December 2025, it adjusted to ₹6,000 per sq ft by March 2026 and has remained at that level through June 2026. Investors should note that this recent stability follows a period of fluctuation, suggesting that the market is currently finding a new equilibrium.
As of June 2026, property rates in Hazratganj vary significantly by asset class. Office spaces command the highest average price at ₹10,750 per sq ft, showing a marginal depreciation of 0.29%. Villas are priced at ₹8,000 per sq ft, maintaining stable pricing with 0% change, while apartments are currently available at ₹6,000 per sq ft, reflecting an 8.45% depreciation compared to earlier periods.
As of June 2026, Ready To Move projects in Hazratganj are priced at an average of ₹5,650 per sq ft, having appreciated by 2.91%. In contrast, Under Construction projects are available at ₹5,200 per sq ft, which represents a 5.37% depreciation. This pricing gap suggests that buyers are currently paying a premium for immediate possession, while the under-construction segment has seen a slight softening in rates.
The average rental yield in Hazratganj is 3.80% as of June 2026. This yield represents the annual rental income relative to the property's purchase price, serving as a key metric for investors evaluating the income potential of their assets. While the overall average rental rate is ₹19 per sq ft, which has depreciated by 13.64%, a 3.80% yield provides a baseline for comparing Hazratganj against other investment-grade localities in Lucknow.
Rental rates in Hazratganj scale according to unit size, reflecting the diverse needs of the local tenant base as of June 2026. A 1 BHK apartment typically rents for ₹15,000 per month, increasing to ₹23,350 for a 2 BHK, ₹34,200 for a 3 BHK, and reaching ₹47,000 per month for a 4 BHK unit. These figures help tenants and landlords understand the market-standard monthly outgoings for different apartment configurations.
As of June 2026, top projects in Hazratganj by rental rates include Jugals Emerald Court at ₹21 per sq ft, followed by Rizvi Apartments at ₹20 per sq ft, and BCC Residency at ₹19 per sq ft. Other notable projects like Eldeco Empereur, Jewel Apartment, and Gulmohar Apartments Hazratganj all command ₹18 per sq ft. It is worth noting that while BCC Residency has seen a 26.67% appreciation in rental rates, others like Rizvi Apartments and Eldeco Empereur have experienced depreciations of 9.09% and 10% respectively.
Commercial rental rates in Hazratganj show a distinct premium for retail-oriented spaces as of June 2026. Showrooms command an average rental rate of ₹100 per sq ft, having appreciated significantly by 21.43%. Conversely, office spaces are rented at an average of ₹50 per sq ft, which reflects a 7.69% depreciation. This divergence highlights a strong demand for high-visibility retail locations compared to the office segment.
Property rates in Hazratganj, currently at ₹6,000 per sq ft, sit in the mid-to-high range when compared to other Lucknow localities. For instance, Mahanagar and Aliganj command higher rates at ₹9,850 per sq ft and ₹9,750 per sq ft respectively, with Mahanagar showing a notable 27.17% appreciation. Meanwhile, areas like Faizabad Road are more affordable at ₹3,400 per sq ft, though this area has seen a 25.48% depreciation, highlighting the varied investment landscape across the city.
As of June 2026, BCC Residency leads with a listing rate of ₹6,350 per sq ft, having appreciated by 10.8%. Jewel Apartment and Levana The Grand Bharawan both follow closely at ₹6,300 per sq ft, though they have seen different trends, with Jewel Apartment depreciating by 3.77% and Levana The Grand Bharawan appreciating by 3.42%. These projects represent the premium segment of the Hazratganj residential market.
