SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Lucknow

CAG flags weak tracks, safety lapses and contract violations in Lucknow Metro project

Lucknow News Desk

27 Feb 2026

A recent audit by the Comptroller and Auditor General of India has raised concerns over construction quality and compliance in the Lucknow Metro Rail Corporation project. The report found that rail tracks do not meet prescribed hardness standards, which may lead to faster wear and higher maintenance costs. It also pointed to expired safety certification, noise levels above limits, irregular payments, missing approvals and the exclusion of one planned station without required consent. The findings highlight gaps in execution, oversight and adherence to the approved Detailed Project Report.Read more

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Lucknow IT City plot allotment lottery to be held on 28 February

Lucknow News Desk

27 Feb 2026

The Uttar Pradesh government will conduct a lottery on 28 February for the allotment of plots in the forthcoming Lucknow IT City, an integrated technology and business district being developed on the Agra�Lucknow Expressway corridor. Uttar Pradesh officials said that applications were received under two categories � IT/ITeS and allied services and commercial & hospitality � and that the lottery will determine successful applicants among the eligible bidders. The plot sizes range from 2,487 sq m to over 4,000 sq m, with the largest parcel measuring 4,163 sq m. The initiative forms part of the state�s strategy to attract technology, business and service sector investments to the region, and will be overseen by relevant departments with transparency measures in place to ensure fairness in the allotment process. Successful applicants will be notified soon after the draw.Read more

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Lucknow Metro launches QR-based ticketing with mobile booking to enhance commuter convenience

Lucknow News Desk

21 Feb 2026

The Lucknow Metro has introduced a QR code-based ticketing system that allows commuters to book metro tickets through a mobile app and at stations, aiming to simplify travel and reduce queues. Launched at Hazratganj Metro Station by the Uttar Pradesh Metro Rail Corporation (UPMRC) Managing Director, the system enables passengers to book tickets via the official Lucknow Metro Official mobile application on Android and iOS, or obtain printed QR tickets at ticket vending machines (TVMs) and counters across all stations. Once booked, tickets can be scanned at Automatic Fare Collection (AFC) gates marked with yellow strips for entry and exit. Additional features include UPI payment support at QR-enabled machines, while traditional token services remain available on other TVMs. Officials described the initiative as a step toward digital, faster and more convenient urban travel.Read more

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Nearly 90 hotels in Lucknow face action for fire safety non-compliance

Lucknow News Desk

12 Feb 2026

Fire authorities in Lucknow have identified about 90 hotels operating without the mandatory fire safety no-objection certificates (NOCs). This follows a recent fire at an under-construction hotel in Gomtinagar, which triggered a large-scale firefighting operation but caused no casualties. Notices have already been served, and physical inspections are scheduled to begin soon. Hotels that fail to comply with prescribed safety standards risk administrative action, including fines, sealing, or closure. The incident highlights long-standing gaps in fire safety compliance across the city's hospitality sector.Read more

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LDA launches third phase of Lucknow Green Corridor to reduce traffic congestion

Lucknow News Desk

08 Feb 2026

The Lucknow Development Authority (LDA) has started the third phase of the Green Corridor, covering around 5 km between Pipraghat and Shaheed Path, aimed at easing traffic between the Cantonment area and main roads toward Ayodhya and Kanpur. The project includes a 240 metre railway overbridge, widening of Dilkusha Road, and a new four lane bridge to the G20 Road. Landfilling is underway on key stretches, and farmers affected by land acquisition will receive plots in Wellness City under the land pooling policy. Work is expected to advance steadily ahead of the monsoon.Read more

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Shine City HR officer held in major Lucknow real estate scam

Lucknow News Desk

07 Feb 2026

Lucknow authorities have recently arrested Preeti Singh, the HR officer and authorised signatory of Shine City Infra Project Pvt Ltd, in connection with a multi-crore real estate scam. The company allegedly lured investors across several districts of Uttar Pradesh with promises of low-cost residential plots and high returns, but failed to deliver land or refunds. Singh is accused of signing buyers agreements that helped legitimise the transactions. The arrest comes as part of ongoing investigations, following earlier complaints and enforcement actions, including asset attachments and multiple prosecutions against Shine City promoters.Read more

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UPMRC awards first consultancy contract for Lucknow Metro East–West Corridor under Phase 1B

05 Feb 2026

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the East-West Corridor of the Lucknow Metro under Phase 1B, marking a key step towards project implementation. The Detailed Design Consultant contract for Line-2 has been awarded to a joint venture between AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd, following a competitive bidding process. Valued at INR 15.90 crore, the contract covers detailed design work for civil, architectural, electrical, mechanical and traction systems across both elevated and underground sections of the corridor. The East-West Corridor will span over 11 km, connecting Charbagh Railway Station with Vasant Kunj through Old Lucknow, and forms part of a larger metro expansion approved earlier as part of the city's urban transport development plans.Read more

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LDA opens registration for 27-storey Aishbagh Square housing project in Lucknow

Lucknow News Desk

03 Feb 2026

Lucknow Development Authority has launched Aishbagh Square, a high-rise residential project in the Aishbagh area of the city, marking its entry into premium vertical housing. The project comprises four towers of 27 storeys with 384 large 3-BHK apartments with study areas, each measuring about 1,900 sq ft. Homes are priced from around INR 1.11 crore. Online registration has begun through a lottery system, with construction planned to finish in three years and possession targeted within five years.Read more

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Lucknow Development Authority launches premium flats project in Gomtinagar Extension

Lucknow News Desk

31 Jan 2026

The Lucknow Development Authority (LDA) has opened registrations for its new premium housing project, Narmada Apartment, in Gomtinagar Extension. The project will offer 300 luxury 3BHK flats with study rooms and 12 penthouses. Prices start at INR 1.4 crore for flats and INR 2.8 crore for penthouses, with flexible payment plans over 36 months. The complex will include modern amenities such as a clubhouse, gym, swimming pool, children's play area, and ample parking. Construction is expected to be completed in about three years, with possession in five years.Read more

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Rohtas Project properties worth INR 158.85 crore attached in Lucknow money laundering case

30 Jan 2026

The Enforcement Directorate (ED) in Lucknow has provisionally attached 75 immovable and two movable properties linked to Rohtas Project Limited and associated entities, valued at INR 158.85 crore with a combined market value exceeding INR 350 crore. The assets, primarily in Lucknow, were registered under promoter Deepak Rastogi, group associates, certain benamidars, and associated firms. Investigations revealed that customer funds from township schemes were diverted to acquire these properties instead of being used for project development or refunds. The ED continues to probe for further asset recovery and legal action.Read more

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Lucknow Municipal Corporation proposes steep hike in licence fees for hotels and commercial units

Lucknow News Desk

29 Jan 2026

The Lucknow Municipal Corporation (LMC) is set to propose a major increase in licence fees for hotels, restaurants, nursing homes, hospitals, pathology labs, liquor outlets and other commercial units, with some categories expected to see charges rise by up to five times under a draft fee structure slated for approval on 27 January and implementation from the 1st of April next fiscal. The proposal, framed under the Municipal Corporation bye-laws, 2003, was initially approved by the civic body in 2025 and refined after a public feedback period. Fees for nursing homes and hospitals are likely to double, while hotels and restaurants could face a five-fold increase. Penalties for late renewals are also proposed. Officials have said the revision aims to enhance compliance and regulatory oversight as fewer than half of the required establishments currently hold valid licences.Read more

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UP approves INR 1,000 crore to fast-track Lucknow Green Corridor phases 3 and 4

Lucknow News Desk

28 Jan 2026

The Uttar Pradesh government has approved around INR 1,000 crore to accelerate construction of phases 3 and 4 of the Lucknow Green Corridor, aiming to ease traffic congestion and improve urban connectivity. Previous phases are operational or nearing completion, but delays due to funding constraints had slowed progress. The new allocation will support key flyovers, railway overbridge sections, and link roads, enhancing access to major routes like Shaheed Path and Kisan Path. Officials expect faster completion timelines, which will benefit daily commuters, reduce travel delays, and strengthen the city's transport network.Read more

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Lucknow’s Anant Nagar housing scheme sees record rush as LDA holds third-phase lottery

Lucknow News Desk

25 Jan 2026

The Lucknow Development Authority (LDA) held the third phase of its Anant Nagar Housing Scheme lottery at Indira Gandhi Pratishthan, with 7,429 applications submitted for 637 plots. The draw included five plot sizes in Akash Khand and Adarsh Khand, highlighting steady demand from homebuyers and investors. The scheme is part of LDA's planned township project spanning 800 acres, offering residential plots near key city infrastructure. Earlier phases also recorded high participation. The lottery system ensures transparent allotment and reflects growing interest in organized residential development in Lucknow.Read more

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Lucknow civic body steps up action to recover pending house tax dues

19 Jan 2026

The Lucknow Municipal Corporation (LMC) has intensified its house tax recovery drive across several city zones to collect long-pending dues from residential, commercial, and institutional property owners. Enforcement teams sealed and attached multiple properties, leading to on-the-spot collections in some cases. Officials stated that property tax is a key revenue source for maintaining civic services and warned that strict action would continue against defaulters. The drive follows similar measures taken in the past against major public and private entities with large outstanding amounts.Read more

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LDA extends Anant Nagar plot registration deadline to January 16, 2026

15 Jan 2026

The Lucknow Development Authority (LDA) has extended the registration deadline for 637 residential plots under its Anant Nagar housing scheme by four days, moving the last date to January 16, 2026. The decision was taken following strong public demand as thousands of applicants showed interest in securing plots in the township being developed along Mohan Road. The registration process, conducted entirely online, will conclude on the new extended date, and plot allocation will be carried out through a transparent lottery system. The Anant Nagar scheme features a planned township with wide roads, underground utility infrastructure, large green spaces and an Edutech City concept, positioning it as a key residential opportunity in Lucknow's growing real estate market.Read more

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CCS Infratech launches AI-powered luxury villa project in Lucknow

15 Jan 2026

CCS Infratech has launched Amor, a luxury villa community in Lucknow, marking one of the city's first large-scale AI-powered residential developments. Spread across around 10 acres, the LDA- and RERA-approved project comprises 105 premium 3 BHK and 4 BHK villas with servant quarters, private lawns, terraces and balconies. Each home is equipped with AI-enabled systems that allow residents to control lighting, temperature, energy use and security through apps and voice commands. Positioned to meet rising demand for high-end housing in Tier-2 cities, Amor blends smart technology, modern design and open spaces, setting a new benchmark for luxury villa living in Lucknow.Read more

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Lucknow Development Authority conducts lottery for 1,665 affordable 1BHK flats

13 Jan 2026

The Lucknow Development Authority (LDA) has conducted a lottery for allotment of 1,665 affordable 1BHK flats, marking a key step in expanding access to affordable housing in the city. The flats are part of the authority's ongoing efforts to provide quality homes to eligible residents under subsidised schemes designed for lower and middle-income groups. The lottery event saw strong participation from applicants seeking affordable home ownership, reflecting persistent demand for budget housing in urban centres. The allotment process will be followed by further documentation and possession timelines for successful applicants, as the authority moves ahead with project execution. The initiative underscores the role of civic bodies in addressing housing needs and facilitating inclusive urban development through planned residential supply.Read more

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Lucknow Metro floats INR 492 crore tender for five elevated stations on second corridor

Lucknow News Desk

07 Jan 2026

The Uttar Pradesh Metro Rail Corporation (UPMRC) has issued a INR 492.22 crore tender for the design and construction of five elevated stations on Lucknow Metro's second corridor, marking the start of Phase 1B expansion. The elevated section will run approximately 4.6 km from Thakurganj to Vasantkunj, including a 740 metre ramp to the depot, covering civil, electrical, mechanical, and architectural works. Tender submissions close in early February, with technical bids opening immediately after. The full corridor spans 11.165 km with 12 stations and an estimated cost of INR 5,801 crore.Read more

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Silverstorm Parks files IPO draft to fund Lucknow snow park and theme park expansion

04 Jan 2026

Silverstorm Parks and Resorts Limited has filed its draft prospectus with the BSE SME platform to raise funds through an initial public offering of up to 62,00,000 equity shares. The company plans to use the proceeds for developing a snow park and family entertainment centre in Lucknow, upgrading its existing theme park, repaying certain borrowings, and meeting general corporate needs. In FY25, Silverstorm reported consolidated revenue of INR 3,100.12 lakh and profit after tax of INR 971.07 lakh, with stable performance continuing in the current year.Read more

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Lucknow Development Authority rolls out FastPass to speed up building plan approvals

04 Jan 2026

The Lucknow Development Authority (LDA) has introduced a new digital system called FastPass to significantly reduce the time required for approving building plans. The initiative allows eligible residential and small commercial projects to receive instant approvals through an online self-certification process. By removing the need for routine physical inspections, the system aims to cut delays, improve transparency, and reduce applicant interaction with officials. FastPass is part of LDA's broader effort to modernise approval mechanisms and streamline compliance under updated building bylaws.Read more

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