Property Rates in The Mall Avenue, Lucknow 2026

The property price trend in The Mall Avenue has shown fluctuations in the micromarket rate over the last few quarters. As of March 2026, the micromarket rate stands at ₹6,000 per sq ft, following a decrease from ₹6,550 per sq ft in December 2025. This downward movement from the previous quarter suggests a temporary market correction or a shift in the supply-demand balance within the area.

Ready To Move properties in The Mall Avenue are currently priced at an average of ₹5,650 per sq ft as of March 2026. This segment has seen an appreciation of 2.82% compared to previous periods, reflecting steady demand for immediate occupancy homes in this locality.

As of March 2026, GC Empire Estate Residency and Rohtas Golf Link Apartments are among the top projects in The Mall Avenue, both commanding a listing rate of ₹5,750 per sq ft. These projects have experienced an appreciation of 3.59% in their listing rates, signaling sustained interest from buyers. Additionally, Orchid Apartments The Mall Avenue is listed at ₹5,500 per sq ft, which represents an appreciation of 1.24% over the observed period.

The average rental yield in The Mall Avenue is 2.42% as of March 2026. This yield provides a baseline for investors to evaluate the income potential of their residential assets relative to the capital investment required for property acquisition in the area.

As of March 2026, 2 BHK apartments in The Mall Avenue command an average monthly rent of ₹26,250, while 3 BHK apartments are available at an average of ₹28,250 per month. These figures reflect the current rental market demand for mid-to-large sized residential units in the locality.

The average rental rate in The Mall Avenue is ₹20 per sq ft as of March 2026, which has remained stable with a 0% change. In comparison, several other Lucknow localities such as Husainganj, Hazratganj, and Jankipuram currently see average rental rates of ₹50 per sq ft. While Husainganj and Hazratganj have seen rental depreciation of 17.39% and 13.64% respectively, other areas like Jankipuram and Butler Colony have maintained stable rental rates.

GC Empire Estate Residency and Orchid Apartments The Mall Avenue are key projects for renters in The Mall Avenue as of March 2026. GC Empire Estate Residency offers a current rental rate of ₹26 per sq ft, while Orchid Apartments The Mall Avenue is available at ₹20 per sq ft. Both projects have maintained stable rental rates with a 0% change, indicating consistent rental demand for these specific developments.

Buyers should note that the average asking price in The Mall Avenue is ₹9,900 per sq ft, whereas Ready To Move projects are currently averaging ₹5,650 per sq ft as of March 2026. This difference often reflects the age of the building, specific amenities, or the premium associated with newer developments versus established housing stock. Investors and end-users should use these figures to assess whether they are paying a premium for immediate possession or finding value in established residential projects.

Property rates vary significantly across Lucknow's neighbourhoods. As of March 2026, Mahanagar has seen a notable appreciation of 27.17%, reaching an average rate of ₹9,850 per sq ft, while Jankipuram has appreciated by 5.98% to ₹5,200 per sq ft. Conversely, areas like Hazratganj have seen a depreciation of 8.45% to ₹6,000 per sq ft, and Faizabad Road has experienced a significant depreciation of 25.48% to ₹3,400 per sq ft. These trends highlight the importance of evaluating specific micromarket dynamics before making an investment decision.