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

BIG FM enters real estate with Lucknow project, targets INR 1,200 crore revenue from Bahraich development

28 Mar 2026

Reliance Broadcast Network Limited-owned BIG FM has entered the real estate sector with the launch of its new vertical, BIG FM Realty, marking its debut with a project in Uttar Pradesh. The company has unveiled Big UNIMAXX City in Bahraich and is targeting revenue of INR 1,200 crore from the development. The launch event, held in Lucknow, drew participation from over 500 channel partners and stakeholders. BIG FM Realty has also outlined plans to scale its portfolio to INR 4,000 crore over the next three years. The initiative signals the entry of a media-led entity into regional real estate markets, focusing on structured project execution and brand-led positioning.Read more

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LDA approves INR 5,148 crore budget to expand affordable housing and city infrastructure

Lucknow News Desk

25 Mar 2026

The Lucknow Development Authority (LDA) has approved a budget of INR 5,148 crore for FY 2026-27, focusing on affordable housing, land acquisition, and infrastructure upgrades. A major allocation of INR 200 crore will be used to build 848 flats in Sharda Nagar Extension. The plan also includes INR 1,600 crore for land acquisition in key growth corridors and funds for existing housing schemes, mobility projects, and civic infrastructure. The budget reflects a continued push to increase housing supply while preparing land and infrastructure for future urban expansion.Read more

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Lucknow Development Authority strengthens monitoring of illegal constructions with drones and satellite surveys

Lucknow News Desk

21 Mar 2026

The Lucknow Development Authority (LDA) has adopted drones and satellite imagery to strengthen enforcement against unauthorised constructions and land-use violations. Initial surveys have focused on residential plots along major roads where some properties were being used for offices, showrooms, and retail without approved land-use changes. By combining GPS data, geospatial mapping, and aerial imagery, the authority is identifying deviations like unauthorised floors and layout changes. Over 5,000 illegal constructions have already been detected and sealed. Regular six-monthly surveys across all city zones are planned for ongoing compliance and prompt action.Read more

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Lucknow civic body to levy 12% interest on house tax defaulters, intensifies recovery efforts

Lucknow News Desk

19 Mar 2026

The Lucknow Municipal Corporation has announced a 12% annual interest on pending house tax dues if not cleared before the financial year ends. The move is part of a stronger recovery push, supported by awareness drives and extended office hours to help taxpayers make payments. At the same time, the civic body has warned of strict action against persistent defaulters, including sealing and auction of properties. The step aims to improve revenue collection, which is critical for funding infrastructure and civic services in the city.Read more

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Lucknow civic body seals seven establishments for unpaid property tax dues

Lucknow News Desk

14 Mar 2026

The Lucknow Municipal Corporation intensified its property tax recovery drive and sealed seven establishments across two zones of the city after they failed to clear long-pending dues despite repeated notices. Three properties in one zone had arrears exceeding INR 1.5 crore, while four others in another zone together owed close to INR 1 crore and additional dues exceeding INR 94 lakh. The establishments include government-linked offices, a research centre and public institutions. Civic officials said the action followed multiple warnings and was carried out under municipal rules as part of efforts to improve tax recovery and ensure compliance among institutional property owners.Read more

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Lucknow Development Authority allots 549 residential plots to farmers under IT City land pooling policy along Sultanpur Road

Lucknow News Desk

12 Mar 2026

The Lucknow Development Authority (LDA) has allotted 549 developed residential plots to farmers and landowners who contributed land under the land pooling policy for the IT City project along Sultanpur Road in Lucknow. The allotment was conducted through a lottery draw held earlier this week at the Indira Gandhi Pratishthan. The plots, located across sectors 15, 16, 17, 18 and 30 of the planned township, were distributed in six size categories ranging from 35 sq m to 288 sq m. Around 350 landowners had pooled approximately 550 acres of land for the project, which is being developed over about 3,490 acres across villages in Mohanlalganj tehsil. The allotment forms part of the authority's strategy to compensate farmers with developed plots while assembling land for the integrated IT City township.Read more

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UP-RERA imposes penalties exceeding INR 2.43 crore on two Lucknow developers for failing to upload quarterly progress reports

Lucknow News Desk

12 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed penalties totalling more than INR 2.43 crore on two Lucknow-based real estate promoters for failing to upload mandatory quarterly progress reports (QPRs) on the regulator's online portal. The action relates to the Arpita Infinity and Ganpati Smart City projects, both of which did not update required project information despite repeated notices from the authority. Under the Real Estate (Regulation and Development) Act, 2016 and the state RERA rules, promoters must submit quarterly updates on project progress, approvals, bookings and construction status within a stipulated timeframe. UP-RERA said the penalties represent up to five per cent of the respective project costs and directed both promoters to deposit the fines and update pending disclosures within 15 days, reinforcing regulatory oversight and transparency in project reporting.Read more

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Lucknow Development Authority launches Park View Apartments with 364 premium 3BHK flats in Basant Kunj housing scheme

Lucknow News Desk

11 Mar 2026

The Lucknow Development Authority (LDA) has launched registrations for Park View Apartments, a group housing project comprising 364 premium flats in the Basant Kunj scheme in Lucknow. Located opposite Rashtra Prerna Sthal, the project will offer 3BHK and 3BHK units with servant quarters, with apartment sizes ranging from about 154 sq m to 195 sq m and starting prices from around INR 75 lakh. Registrations opened in the past week and will remain available until early April through the authority's website, with allotment to be conducted through a lottery system. The development will include four residential towers and a range of residential amenities such as a clubhouse, swimming pool and children's play area. The initiative forms part of the authority's ongoing housing programmes aimed at expanding organised residential supply in Lucknow's growing urban corridors.Read more

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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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