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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.
Lucknow Development Authority (LDA) has introduced Aishbagh Square, a new luxury residential development located on Mill Road in the Aishbagh area of Lucknow. The project has been planned as a vertical housing complex consisting of four towers, each rising to 27 storeys, and offering a total of 384 residential units. All apartments are configured as 3-BHK homes with an additional study area, with a uniform size of around 1,900 sq ft, positioning the project in the premium housing segment. Advertisement
The base price for apartments at Aishbagh Square has been fixed at approximately INR 1.11 crore. Applications for allotment have opened on the LDA website and will remain active for several weeks. Interested buyers are required to deposit a registration amount equal to 5% of the estimated flat cost, while applicants from reserved categories need to pay 2.5%. LDA has stated that allotment of flats will be carried out through a computerized lottery process to ensure transparency.
The project site is located in Old Lucknow, an area where large residential developments have been limited due to land constraints. Aishbagh Square benefits from proximity to Charbagh railway station, a nearby Metro station, and key commercial zones such as Naka, Aminabad and Alambagh. This central location is expected to attract buyers looking for established neighbourhoods with strong transport and market connectivity.
As per LDA officials, the residential complex will include facilities such as a swimming pool, landscaped park, clubhouse, children's play area, power backup and parking space for more than 600 vehicles. Provision has also been made for commercial shops within the campus to meet daily needs of residents. Buyers will be allowed to pay the remaining cost after allotment in up to 36 monthly instalments, with additional rebates of 4% to 6% offered for full upfront payment within a defined period.
Construction is planned to be completed within three years, while the authority has projected possession within five years. The project forms part of LDA's wider strategy to develop high-density housing in central city areas and to diversify beyond its traditional low-rise housing schemes.
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