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The Lucknow Development Authority has revised the payment terms for its Atal Nagar housing scheme, aiming to make homes more affordable for buyers. The authority has reduced the interest rate to 7 percent and extended the repayment period to 10 years, easing the financial burden on allottees. Around 630 unsold flats have been reopened for booking, with prices starting from about INR 9.82 lakh. The move is expected to improve demand, especially among low- and middle-income groups, and help clear existing inventory.
The Lucknow Development Authority has updated the payment structure for its Atal Nagar housing scheme to make it easier for buyers to manage home purchases. Under the revised plan, buyers can now pay in instalments over a longer period of up to 10 years, while the interest rate has been reduced to 7 percent from the earlier 9 percent. Advertisement
Officials explained that the changes were introduced to reduce the financial pressure on allottees and to make the scheme more accessible. The earlier payment structure had been a concern for many applicants, especially those in lower income segments, leading to slower uptake in some phases of the project.
Along with the revised payment terms, the authority has reopened bookings for around 630 unsold flats in the scheme. These units are part of the larger Atal Nagar project and include both 1BHK and 2BHK configurations. The allotment process is being carried out through a lottery system, ensuring transparency in distribution.
The registration window for these flats is open until May 17, 2026, giving interested buyers a limited period to apply. The authority expects that the relaxed payment terms will improve participation during this phase.
The Atal Nagar housing scheme is located in Devpur Para in Lucknow and is one of the key affordable housing projects developed by LDA. The project includes a total of 2,496 flats across multiple residential towers. Unit sizes range from approximately 30 square metres to about 55 square metres, catering mainly to economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG).
The starting price of these flats is around INR 9.82 lakh, which is lower compared to many private residential options in the city. This pricing has been one of the main factors attracting buyers, although earlier payment terms had limited conversion of applications into final allotments.
In the past, the scheme received a strong response during its initial launch, with a large number of applications submitted. However, some units remained unsold, prompting the authority to reopen the scheme and introduce financial relaxations. Similar steps have been seen in other government housing projects where demand slowed due to affordability concerns.
The project includes basic residential infrastructure such as water supply, electricity, internal roads, and open spaces. These features are in line with LDA’s broader approach of providing planned and affordable housing options within the city.
With the revised payment structure now in place, the authority is aiming to convert existing interest into actual bookings and reduce the inventory of unsold units.
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