Property Rates in IIM Road, Lucknow

Property rates in IIM Road, Lucknow, have seen a fluctuating trend over the past year. From a high of ₹7,431 per sq ft in June 2025, the average location rate decreased to ₹6,161 per sq ft by December 2025. As of March 2026, the rate has further dipped to ₹5,998 per sq ft, showing a notable decline of 2.65% from the previous quarter. The micromarket rate, however, experienced significant volatility, dropping from ₹9,174 per sq ft in September 2025 to ₹3,956 per sq ft in June 2025, before recovering to ₹6,938 per sq ft by March 2026.

Property prices vary significantly across neighborhoods near IIM Road, Lucknow. As of March 2026, Adil Nagar shows the highest average rate at ₹7,928 per sq ft, with no reported price change. Ghaila is also on the higher end at ₹7,454 per sq ft, with stable pricing. In contrast, Kursi Road offers more affordable options with an average rate of ₹3,759 per sq ft, having appreciated by 9.75% from the previous period. Vikas Nagar has seen a depreciation of 3.70%, with an average rate of ₹4,554 per sq ft, while Gaurabagh is priced at ₹4,473 per sq ft with stable rates.

In IIM Road, Lucknow, apartments are priced at an average of ₹5,998 per sq ft as of March 2026, which has depreciated by 2.65% from the previous period. Villas, on the other hand, are currently priced at ₹5,244 per sq ft, but have experienced a significant depreciation of 32.72% over the same timeframe. This suggests a notable shift in pricing dynamics between the two property types in the locality.

In IIM Road, Lucknow, Ready To Move properties are priced at an average of ₹5,680 per sq ft as of March 2026, reflecting a decrease of 6.13% from the prior period. Under Construction properties are currently priced higher at ₹7,199 per sq ft, showing a depreciation of 3.48%. This indicates that while Ready To Move inventory has seen a steeper price correction, Under Construction projects still command a premium, despite a slight decrease in their average rate.

As of March 2026, Eldeco Uday in IIM Road, Lucknow, has the highest listing rate at ₹8,937 per sq ft, with no reported price change. Following closely is Shalimar Garden Bay Villa, priced at ₹7,758 per sq ft, which has appreciated by 7.75%. Shalimar Garden Bay Crown is listed at ₹7,090 per sq ft, showing a slight depreciation of 0.51%. Eldeco Twin Towers are priced at ₹6,505 per sq ft with an appreciation of 8.4%, and Eldeco Latitude 27 is at ₹6,263 per sq ft, having depreciated by 19.4%.

Rental rates in micromarkets surrounding IIM Road, Lucknow, show varied trends as of March 2026. Aliganj has an average rental rate of ₹25 per sq ft, but has depreciated by 16.67% from the previous period. Hazratganj also saw a decline, with rates at ₹19 per sq ft and a depreciation of 13.64%. Conversely, Indira Nagar has experienced a positive trend, with rental rates at ₹16 per sq ft, appreciating by 14.29%. Jankipuram and Faizabad Road maintain stable rental rates at ₹15 per sq ft and ₹16 per sq ft respectively.

The average rental rate in IIM Road, Lucknow, is currently ₹0 per sq ft as of March 2026, with a rental yield reported as 'NA'. This indicates that there is no readily available data for rental income generation or yield calculation for the locality based on the provided information.

Detailed BHK-wise rental statistics for IIM Road, Lucknow, are not available in the current dataset. However, looking at surrounding micromarkets, Aliganj has an average rental rate of ₹25 per sq ft with a 16.67% depreciation, while Hazratganj is at ₹19 per sq ft with a 13.64% depreciation. Indira Nagar shows a positive trend with rates at ₹16 per sq ft and a 14.29% appreciation. Jankipuram and Faizabad Road have stable rental rates at ₹15 per sq ft and ₹16 per sq ft, respectively.

Among the micromarkets near IIM Road, Lucknow, Aliganj commands the highest average rental rate at ₹25 per sq ft as of March 2026, although it has depreciated by 16.67% from the previous period. Butler Colony follows with a rate of ₹21 per sq ft and stable pricing. Hazratganj and Chowk are both at ₹19 per sq ft, with Hazratganj showing a depreciation of 13.64%. Jankipuram offers more affordable rentals at ₹15 per sq ft, with stable rates, while Indira Nagar has seen appreciation to ₹16 per sq ft.

The current property rate trend in IIM Road, Lucknow, as of March 2026, suggests a cautious market for buyers and investors. The average asking price has decreased by 2.65% from the previous quarter, reaching ₹5,998 per sq ft. This downward movement, following a period of fluctuation, might present an opportunity for buyers seeking potentially lower entry points. However, investors should carefully consider the overall market dynamics and the specific performance of different property types and micro-markets before making decisions.

The provided data does not include specific information on top developers by transactions or value for IIM Road, Lucknow. However, several projects associated with Eldeco are listed among the top projects by listing rates, including Eldeco Uday, Eldeco Twin Towers, Eldeco Latitude 27, Eldeco City Breeze, and Eldeco City Villa, suggesting Eldeco's notable presence in the area.