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Dubai-headquartered Emaar Properties' Indian arm, Emaar India, has announced its entry into the Lucknow residential market with a premium high-rise project named 'Elite Oasis'. Launched earlier this week, the development will come up at Gomti Nagar Extension, featuring 194 luxury units across a 2.923-acre site. With unit prices ranging between INR 2.75 crore and INR 4.15 crore, the total project investment stands at INR 400 crore. The company's CEO stated that Emaar would bring its global architectural expertise to meet the lifestyle aspirations of the city's affluent homebuyers.
Real estate developer Emaar India, a subsidiary of Dubai-based Emaar Properties, has announced plans to invest INR 400 crore in a premium housing project in Lucknow, marking its strategic expansion into the Uttar Pradesh capital.
The high-rise residential project, named 'Elite Oasis', was launched earlier this week at Gomti Nagar Extension. Spanning 2.923 acres, the development will comprise 194 luxury units, with prices starting from INR 2.75 crore and going up to INR 4.15 crore.
In a company statement, it was conveyed that the total investment earmarked for the project is INR 400 crore. Kalyan Chakrabarti, CEO of Emaar India, expressed that the firm intended to bring its internationally recognised standards of architecture and urban design to Lucknow. He mentioned that the project would reflect the company's signature style seen in its global portfolio and said that the new development is aimed at residents of Lucknow seeking a world-class living experience.
Emaar India, already active in key cities such as Delhi-NCR, Mohali, Indore, and Jaipur, has now added Lucknow to its growing footprint of operations across India. Notably, Emaar has been instrumental in shaping iconic skylines globally including the Burj Khalifa in Dubai and is now looking to replicate its high-quality delivery and design excellence in Tier-II Indian cities with high-growth potential.
With a substantial investment of INR 400 crore, the company's project not only signals confidence in the region's real estate potential but also brings world-class infrastructure to an evolving market. This move could set a benchmark for future luxury developments in Tier-II cities and may further intensify competition among leading developers seeking expansion beyond traditional metropolitan hubs.
Source - PTI
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