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• Lucknow Development Authority has reopened bookings for premium flats in its Basant Kunj housing project after closing earlier registrations.
• The scheme offers 3 BHK and 3 BHK with servant quarter units under a lottery-based allotment system.
• Around 364 flats are part of the Park View Apartments project, spread across four towers with up to 20 floors.
• Prices are fixed at about INR 74.59 lakh for 3 BHK and INR 94.92 lakh for larger units.
• Payments are structured with instalments and regulated under UP RERA guidelines.
The Lucknow Development Authority (LDA) has reopened the booking process for premium residential flats in its Park View Apartments project located in the Basant Kunj area after the earlier registration window had been closed. The reopening has been initiated as fresh availability of units has emerged under the ongoing housing allocation programme, which continues to follow a computerised lottery system for fair distribution.
The project consists of a total of 364 flats, developed across four residential towers. The housing mix includes 3 BHK apartments and 3 BHK units with an additional servant quarter. The towers are designed with varying heights, ranging from 16 to 20 floors, with Tower C being the tallest at 20 floors. The overall development is planned over an area of nearly 13,350 square metres, forming a structured residential cluster within the locality.
Under the pricing structure, the 3 BHK units are valued at approximately INR 74.59 lakh, while the 3 BHK units with servant quarters are priced at around INR 94.92 lakh. The allotment process continues under a fixed-price lottery model, where applicants are required to pay an initial booking amount as per category. General applicants need to deposit 5 per cent of the total cost as registration fee, while reserved category applicants are required to pay 2.5 per cent. Additional charges apply based on floor preference, with higher charges for premium or lower-floor units.
The payment system has been structured in a phased manner, where only the registration amount is collected initially, and the remaining cost is spread across 36 monthly instalments over three years. This approach has been designed to ease financial pressure on buyers while maintaining a regulated payment cycle.
The authority has also allowed transfer and resale of allotment after the lottery process, subject to verification through its official portal. The process requires submission of updated KYC documents, legal affidavits, and applicable transfer charges before approval is granted. Once verified, the allotment can be reassigned to a new buyer through official approval channels.
The entire project is registered under UP RERA, ensuring regulatory compliance and legal oversight for both primary allotments and secondary transfers. Construction timelines are set within a three-year framework, followed by possession as per the completion schedule of the project.
For more similar or related stories, you can check the links below
Lucknow Development Authority launches e-auction for 149 residential plots across city schemes
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