LDA Auctions Prime Plots in Gomti Nagar Extension and Near 1090 Chauraha Starting December 15
Lucknow Development Authority (LDA) is ready for a significant e-auction on December 15, featuring premium land parcels in sought-after areas. Developers and investors are keen on these plots because of their prime locations and growth potential.
Key Auction Highlights
These parcels shine with outstanding features. Here’s what they offer:
- Excellent road links: Access to major highways and city centers is straightforward.
- Vast green belts: 15% of the land is designated for greenery in Gomti Nagar Extension.
- Booming real estate: There's strong demand in Lucknow's growing zones.
The area near 1090 Chauraha serves as one of the city’s busiest commercial spots, attracting crowds and businesses.
Plot Details at a Glance
| Location | Plot Type | Size Range (sq m) | Reserve Price (₹/sq m) |
|---|---|---|---|
| Gomti Nagar Extension (Sector-7) | 11 Group Housing | 5,295 - 11,934 | 80,633 |
| Near 1090 Chauraha | 1 Commercial | 7,180 | 82,864 |
| Dalibagh (Butler Palace Road) | 2 Group Housing | 2,026 - 2,097 | 88,334 |
LDA also has smaller commercial plots (51-11,175 sq m) and a hospital plot of 1,615 sq m near 1090, with prices ranging from ₹97,413 to ₹1,28,230 per sq m. These options cater to a variety of projects.
Why Invest Now?
A 43-acre land parcel behind the Police Headquarters in Sector-7 is drawing strong interest for both group housing and commercial use. Officials highlight its prime connectivity, making it highly suitable for large-scale residential projects. Demand is pushing prices upward, yet reserve rates are still competitive enough to attract bids from leading developers.
Plots in Dalibagh offer a touch of prestige, located in an upscale environment. Meanwhile, the hustle and bustle around 1090 ensures a steady flow of foot traffic for shops or offices. The green spaces add to the appeal, providing a rare advantage in an urban setting.
How to Join the E-Auction
You can register through the LDA website. The portal will be active starting December 15. Make sure to prepare your earnest money and go through the terms, previous auctions have shown that quick action is key for savvy buyers.
This event marks LDA's initiative to reshape Lucknow's skyline. With a strong interest in these plots, they could lead to higher bids. Developers should move quickly; opportunities like this don’t last long in dynamic markets.