Sarfarazganj, Lucknow: Real Estate Overview

Property Prices and Trends

• Average Price per Sqft (Buy): ₹6,360 (based on 2025 data), showing a drop of -15.23% from the previous year and an 8.07% decline in the last year.
• Price Range per Sqft: Starts from ₹3,000 and can go up to ₹15,000 for the highest listings.
• Recent Transactions (from SquareYards, April-May 2024): | Date | Area (Sq.Ft.) | Price | Rate/Sq.Ft. | |------------|---------------|-------------|-------------| | 2024-05-03 | 46 | ₹43,000 | ₹935 | | 2024-05-01 | 600 | ₹13 L | ₹2,167 | | 2024-04-20 | 195 | ₹15.9 L | ₹8,154 | | 2024-04-19 | 1200 | ₹20.5 L | ₹1,708 | | 2024-04-15 | 2101 | ₹48 L | ₹2,285 |
• Independent Houses: Currently trending between ₹9,100 and ₹9,600/sqft (July-Sept 2024).
• Properties for Sale: There are about 7 to 8 listings, including 2BHK apartments (for example, 850 sqft, call for price).

Property Types Available

• Mainly independent residential homes and plots.
• Apartment complexes and gated communities are emerging.
• There are few high-end or luxury options; emphasis lies on mid-range residential buildings.

Rental Market

• There is no specific data on rental rates or trends.
• General advice: Check local listings for apartments or independent houses since buying prices indicate potential affordability for rentals.

Locality Insights

• Location: Sarfarazganj, Lucknow, Uttar Pradesh, India (PIN: 226003).
• Market Sentiment: The trend suggests that buying or selling is advantageous now due to recent price drops.
• Development: A blend of traditional independent houses along with new multi-storey and gated options; residential buildings are categorized based on construction costs (for instance, multi-storey typically ranges from ₹1,800 to ₹3,000/sqft).

PropertyWala's Final Take

Sarfarazganj presents value-driven opportunities for buyers with decreasing prices (average of ₹6,360/sqft), particularly for independent houses or plots. The limited availability of 7–8 listings indicates low inventory—if you're interested, act quickly. Renters can find options in emerging apartments, but it's wise to check current rates locally. Overall, this locality shows promise for mid-range investments or homeownership in Lucknow. However, the lack of rental data and amenities suggests the need for on-ground research.

Sources: Housing.com, RealEstateIndia, JustDial, SquareYards, Ghar.tv, MagicBricks. Data as of 2024–2025.