The Lucknow Development Authority (LDA) has reopened registrations for 394 flats under its Aishbagh Square and Park View Apartment housing projects, offering homebuyers another opportunity to secure premium residential units through a lottery-based allotment process.
Details of Flats Available
Of the total flats on offer, 276 are available at Aishbagh Square on Mill Road in Aishbagh. The project comprises three-bedroom apartments with servant rooms, each spread over nearly 1,900 square feet. Prices for these units start at around Rs 1.11 crore.
At Park View Apartments, located opposite Rashtra Prerna Sthal in the Basant Kunj scheme, registrations have been opened for 118 flats. These flats range between 154 square meters and 195 square meters, with prices starting at approximately Rs 75 lakh for 3-BHK units and Rs 95 lakh for 3-BHK-plus-study apartments.
Lottery System and Construction Timeline
According to LDA officials, allotments for both projects will be made through a transparent lottery system. Construction is expected to be completed within three years, while possession is proposed within five years from the date of allotment.
Payment Options and Discounts
After allotment, buyers can pay the remaining amount in instalments over a period of 36 months. Those opting for full payment within 45 to 90 days of allotment will be eligible for discounts ranging from 4% to 6% of the total cost.
Registration Process
LDA vice chairperson Prathamesh Kumar announced that online registrations will remain open from June 1 to June 30 through the authority’s official website. Applicants must deposit 5% of the estimated flat cost as a registration fee, while those belonging to reserved categories need to pay only 2.5%.
This initiative is part of LDA's ongoing efforts to provide affordable housing options to the residents of Lucknow. Interested homebuyers are encouraged to visit the LDA website for more details and to complete their registration within the stipulated timeframe.
