Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Lucknow Development Authority (LDA) has reopened its e-auction portal, offering 60 sqm residential plots in the Basant Kunj Scheme and commercial plots in Gomti Nagar, Jankipuram, Sharda Nagar, and Kanpur Road. Online registrations are open until March 10, with the e-auction scheduled for March 17. This follows a previous auction that generated INR 450 crore in sales. LDA Vice Chairman Prathmesh Kumar emphasized the initiative's goal to attract buyers amid Lucknow's real estate growth. Investors and homebuyers are encouraged to register early and explore opportunities in the city's expanding property market.
The Lucknow Development Authority (LDA) is reopening its e-auction portal on Friday, offering a variety of plots for sale, including 60 square meter residential plots in the Basant Kunj scheme. This initiative aims to attract new buyers to the real estate market in Lucknow. Advertisement
Online registrations for the auction will remain open until March 10, with the actual e-auction scheduled for March 17. This new round of auctions follows a successful previous event, where properties worth around INR 450 crore were sold. LDA Vice Chairman Prathmesh Kumar stated that the reopening of the portal is designed to facilitate access for potential buyers looking for residential and commercial properties.
The auction includes a diverse range of options, such as residential plots, flats, and mixed-use land. In particular, the 60 sqm residential plots in Sector-H of the Basant Kunj Scheme are being offered at a reserved price of INR 32,955 per square meter. Buyers will also find commercial plots in popular areas like Gomti Nagar, Jankipuram, Sharda Nagar, and Kanpur Road. These plots are suitable for various purposes, including malls, multiplexes, community centers, and hotels, which could enhance the local economy and provide new amenities for residents.
The LDA's move to reopen the e-auction portal reflects a growing interest in real estate in Lucknow. With the city experiencing significant development and infrastructural improvements, many investors are looking to capitalize on the opportunities available. The government has also been promoting initiatives to boost housing and commercial development, which is expected to further stimulate the market.
As the auction date approaches, potential buyers are encouraged to conduct thorough research and consider their options carefully. The LDA has provided detailed information on the plots available for auction, allowing buyers to make informed decisions. This auction represents a chance for individuals and businesses to invest in Lucknow's promising real estate market, contributing to the city's growth and development.
For those interested in participating, it is advisable to register early and prepare for the auction. The LDA aims to make the process as smooth as possible, ensuring that all interested parties have a fair chance to secure properties in this vibrant city.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
