Property Rates in The Mall Avenue, Lucknow 2026

Property price trends in The Mall Avenue have shown significant volatility throughout the recent quarters. According to the data, the micromarket rate was ₹6,200 per sq ft in September 2025, rose to ₹6,550 per sq ft in December 2025, dipped to ₹6,000 per sq ft in March 2026, and reached ₹10,750 per sq ft as of June 2026. This trajectory reflects a sharp upward movement in the most recent quarter, suggesting a sudden shift in market valuation or premium project listings.

The current rental yield in The Mall Avenue stands at 2.42% as of June 2026. For property investors, this yield represents the annual rental income relative to the property's capital value, providing a benchmark for assessing the income-generating potential of residential assets in this area alongside the average rental rate of ₹20 per sq ft, which has remained stable with a 0% change.

As of June 2026, tenants in The Mall Avenue can expect to pay an average of ₹26,650 per month for a 2 BHK apartment and ₹28,750 per month for a 3 BHK apartment. These figures highlight the rental premium for larger configurations, providing clear guidance for both tenants planning their budgets and landlords evaluating their expected monthly returns.

The premium rental projects in The Mall Avenue include GC Empire Estate Residency and Orchid Apartments The Mall Avenue. As of June 2026, GC Empire Estate Residency commands a rental rate of ₹26 per sq ft, while Orchid Apartments The Mall Avenue is at ₹20 per sq ft; both projects have maintained stable rental rates with a 0% change, reflecting consistent demand for these specific developments.

As of June 2026, the average price for Ready To Move properties in The Mall Avenue is ₹5,300 per sq ft. This segment has experienced a depreciation of 4.03% compared to the previous period, which may signal a market correction or a shift in the inventory mix available for immediate occupancy.

Property prices vary significantly across Lucknow's neighbourhoods as of June 2026. For instance, Mahanagar has seen a substantial appreciation of 27.17% to reach ₹9,850 per sq ft, while Hazratganj has seen an 8.45% depreciation to ₹6,000 per sq ft. Other areas like Jankipuram have appreciated by 5.98% to ₹5,200 per sq ft, and Faizabad Road has seen a sharp 25.48% depreciation to ₹3,400 per sq ft, illustrating the diverse investment landscape surrounding The Mall Avenue.

The top projects by listing rates in The Mall Avenue as of June 2026 include Rohtas Golf Link Apartments and GC Empire Estate Residency, both priced at ₹5,350 per sq ft, and Orchid Apartments The Mall Avenue at ₹5,100 per sq ft. These rates have all seen a depreciation—3.42% for the first two and 5.27% for Orchid Apartments—when compared to the previous period, reflecting a broader adjustment in project-level asking prices.

Investors should note that while The Mall Avenue has an average rental rate of ₹20 per sq ft, nearby areas like Husainganj, Hazratganj, and Butler Colony command significantly higher rates of ₹50 per sq ft as of June 2026. However, these nearby areas have seen varying trends, with Husainganj experiencing a 15.79% depreciation and Hazratganj a 5.26% depreciation, suggesting that while these localities command a premium, they are currently undergoing a period of rental price adjustment.