Property Rates in IIM Road, Lucknow 2026

Property prices on IIM Road, currently at ₹6,450 per sq ft, are generally higher than several surrounding areas. For comparison, the average asking price in Jankipuram Extension is ₹5,300 per sq ft (which appreciated by 0.08%), Jankipuram is ₹5,500 per sq ft (which depreciated by 0.4%), Kursi Road is ₹4,300 per sq ft (which depreciated by 0.53%), and Faizabad Road is ₹3,500 per sq ft (which depreciated by 28.78%). These variations highlight IIM Road's position as a premium or more developed micromarket relative to its immediate neighbours.

As of September 2026, villas on IIM Road command a significantly higher average price of ₹11,000 per sq ft, having seen a substantial appreciation of 109.34% over the observed period. In contrast, apartments are priced at an average of ₹6,450 per sq ft, which represents an appreciation of 7.8%. This gap suggests that the villa segment is experiencing a different growth trajectory and may cater to a more premium buyer profile compared to the apartment market.

Ready-to-move properties on IIM Road are currently available at an average price of ₹5,900 per sq ft as of September 2026. This segment has shown strong growth, with an appreciation of 19.08% compared to previous data, signaling high buyer confidence and steady demand for immediate occupancy options in the area.

The premium projects on IIM Road, ranked by their current listing rates as of September 2026, include Shalimar Garden Bay Apartment at ₹9,300 per sq ft and Shalimar Garden Bay Villa at ₹9,100 per sq ft. Other notable projects include Eldeco City Breeze at ₹6,500 per sq ft, which has appreciated by 9.41%, and Shalimar Garden Bay Crown at ₹5,550 per sq ft. Additionally, Samiah Bharat Overseas Castel is listed at ₹5,000 per sq ft (appreciating by 0.82%), Crest Exotica at ₹4,750 per sq ft (depreciating by 0.69%), and Eldeco City Kutir And Sukriti at ₹4,150 per sq ft (appreciating by 0.07%).

Rental rates in the vicinity of IIM Road show varied trends as of September 2026. In Aliganj, the average rental rate is ₹50 per sq ft, which has seen a depreciation of 44% over the comparison period. Meanwhile, Faizabad Road also averages ₹50 per sq ft but has experienced an appreciation of 6.25%. Hazratganj also maintains an average rental rate of ₹50 per sq ft, with rates remaining stable at 0% change. These figures suggest that while the rental cost per sq ft is consistent across these areas, the growth trajectories differ significantly based on local market dynamics.

The rental data provides a snapshot of the current market health in and around IIM Road as of September 2026. While the average rental rate for the immediate IIM Road locality is not currently available, the surrounding areas like Aliganj, Faizabad Road, and Hazratganj all show a consistent average rental rate of ₹50 per sq ft. Investors should note that while rental rates are uniform in these specific areas, the varying appreciation and depreciation percentages—such as the 6.25% growth in Faizabad Road versus the 44% decline in Aliganj—are crucial for understanding the rental income stability and potential yield trends in the broader Lucknow North region.