Property Rates in Nishat Ganj, Lucknow 2026

The micromarket rate in Nishat Ganj has shown volatility, moving from ₹6,550 per sq ft in December 2025 to ₹6,000 per sq ft in March 2026, before rising to ₹8,400 per sq ft as of June 2026. This upward trajectory in the latest quarter suggests a strengthening of demand or a shift in the inventory mix available in the locality.

Property rates vary significantly across the vicinity of Nishat Ganj. As of June 2026, Butler Colony commands a premium with an average rate of ₹10,750 per sq ft, while areas like Jankipuram and Faizabad Road are more accessible, priced at ₹5,500 per sq ft and ₹3,500 per sq ft respectively. Notably, Faizabad Road has seen a significant depreciation of 28.78% compared to previous periods, whereas Indira Nagar has experienced an appreciation of 11.6%.

As of June 2026, apartments in Nishat Ganj are priced at an average of ₹7,500 per sq ft, which reflects a depreciation of 2.14% compared to prior reporting. In contrast, ready-to-move projects in the locality are currently priced at ₹6,050 per sq ft, having seen a notable appreciation of 9.13% over the observed period, indicating strong end-user preference for immediate occupancy.

Key projects in Nishat Ganj include Eldeco Basera Palash, which is listed at ₹7,450 per sq ft as of June 2026, showing a significant appreciation of 27.52% compared to previous data. Other notable projects include Shri Balaji BCC Sri Sai Dham, priced at ₹5,600 per sq ft with a 1.78% appreciation, and Laxmi Apartments Nishat Ganj, which is available at ₹5,150 per sq ft, reflecting a 3.4% depreciation over the same timeframe.

As of June 2026, 3 BHK apartments in Nishat Ganj are available at an average rental rate of ₹31,500 per month. This price point provides a benchmark for tenants looking for spacious residential options in the locality, though investors should note that specific rental yield data is currently unavailable for this market.

Rental rates in the broader region are relatively uniform, with many nearby localities such as Hazratganj, Butler Colony, and Aliganj reporting an average rental rate of ₹50 per sq ft as of June 2026. While some areas like Faizabad Road have seen a rental appreciation of 6.25%, others like Aliganj and Indira Nagar have experienced significant rental depreciation of 44% and 31.25% respectively, reflecting shifting demand dynamics across these specific micromarkets.

Buyers should use the June 2026 data to distinguish between the general market average of ₹7,500 per sq ft and the specific entry points offered by ready-to-move projects at ₹6,050 per sq ft. By comparing the appreciation of 9.13% in ready-to-move units against the broader apartment price trend, investors can gauge whether to prioritize immediate possession or look for potential value in under-construction or older inventory.