Lucknow
The real estate landscape on Mohan Road is defined by its current villa segment offerings and its strategic location within the Lucknow market. While the villa category has experienced a price adjustment of -9.16%, it remains a key focus for residential buyers exploring the area. Rental activity in the surrounding region shows steady benchmarks, particularly in established localities like Chowk. The market provides a clear view of pricing trends that help buyers and investors make informed decisions about their property investments.
The average asking price in Mohan Road is ₹8,250 per sq ft as of September 2026. This reflects a significant upward trend, as the rate has appreciated by 32% from June 2026 to September 2026, following a period of volatility where prices fluctuated from ₹6,050 per sq ft in December 2025 to ₹6,950 per sq ft in March 2026, before dipping to ₹6,250 per sq ft in June 2026. This recent sharp appreciation suggests a tightening of supply or a surge in demand within the locality.
Property prices in Mohan Road have shown a volatile trajectory, moving from ₹6,950 per sq ft in March 2026 to ₹6,250 per sq ft in June 2026, representing a depreciation of approximately 10.07% over that period. However, the market rebounded strongly by September 2026, reaching ₹8,250 per sq ft. Investors and homebuyers should note this recovery, as the current price point indicates a renewed interest in the area following the mid-year correction.
The average asking price for villas in Mohan Road is ₹3,250 per sq ft as of September 2026. This segment has experienced a depreciation of 9.16% compared to previous reporting periods. Prospective buyers looking for villa-style living in this locality may find this price point more accessible compared to the broader micromarket average, though it is important to monitor how this specific property type continues to perform against the general market trend.
While specific rental data for Mohan Road is currently unavailable, the nearby locality of Chowk commands an average rental rate of ₹50 per sq ft as of September 2026. This rate has remained stable with a 0% change, indicating a consistent rental market in the immediate surroundings. Investors evaluating Mohan Road for potential rental income may use the Chowk benchmark as a baseline for understanding the broader rental landscape in this part of the city.
An investor should view the stable rental rate of ₹50 per sq ft in the nearby Chowk area as a signal of market equilibrium. Since the rate has seen 0% change, it suggests that rental demand and supply are currently balanced in the immediate region. When considering property investments in Mohan Road, comparing these stable rental benchmarks against the recent 32% appreciation in sale prices (from June 2026 to September 2026) is essential for calculating realistic rental yields and long-term capital growth expectations.
