Eldeco Plans 32-Acre Namah Project in Lucknow: What Buyers Should Know

Eldeco Plans 32-Acre Namah Project in Lucknow: What Buyers Should Know

Eldeco Namah is an upcoming residential project in Lucknow, Uttar Pradesh, being developed by Eldeco Housing and Industries Limited, part of the Eldeco Group. It is at pre-launch stage. Unit types and sizes have not been announced, and the price is not yet announced. The company says it has approvals covering 32 acres and is targeting a launch before March 2027.

What the Developer Announced

During its Q2 FY27 earnings call on 6 November 2026, Eldeco management said Namah has approvals for 32 acres and that the launch is targeted before March 2027. The timing depends on approvals, site readiness and market conditions, so it is an expectation rather than a firm date. The company's forthcoming-project schedule lists the site at 32.8 acres, with about 5,96,812 sq ft of tentative saleable area. It is the only project on that list shown with layout approval.

A further 8.9 acres is still being assembled and has not received approvals. Buyers should keep that in mind, because the saleable area could change once the extra land is cleared.

Impact on Homebuyers

Namah's price has not been announced, so there is no official rate per sq ft to work with yet. Management has said its focus in Lucknow is homes priced between Rs 1 crore and Rs 3 crore. For context, the same developer's listed projects in Lucknow as of 1 October 2026 show the following ranges:

• Eldeco City on IIM Road: 2 to 4 BHK towers listed from about Rs 64 lakh to Rs 1.47 crore, with one tower about 80% sold
• A Gomti Nagar Extension high-rise: 3 and 4 BHK units, plus penthouses, listed from Rs 2.21 crore to Rs 4.67 crore
• A Raebareli Road township: mostly 3 BHK homes listed from Rs 98 lakh to Rs 1.85 crore

Across all its projects, the company's weighted average realisation was Rs 7,840 per sq ft in Q2 FY27. That is a company-wide figure, not a Namah rate, so treat it as background only.

No booking window has been announced. Our advice is to wait for the official price sheet, payment plan and unit list before committing. Compare those with the Eldeco projects in Lucknow that are already completed.

Expert Analysis

The company has been adding land and approvals, which suggests it is building a pipeline for the next launch cycle. In the first half of FY27 it reported collections of Rs 256 crore, up 51% year on year. In February 2026 it also took a Rs 110 crore term loan from Piramal Finance for land and project costs. Strong collections and a funded pipeline are positives, but this is still a company that relies on approvals arriving on schedule.

That risk is real. Management has warned that state elections could slow approvals, which would leave the launch dates open. A project that is still on paper needs careful checking before any booking.

On track record, Eldeco Housing was founded in 1985, has delivered about 200 projects and has 32 under execution. Its Lucknow deliveries include the completed Eldeco City township on IIM Road, which was finished in 2017, and a Twin Towers block at Eldeco City that received its completion certificate in January 2025. The company's claim of over 150 projects delivered on time is its own statement.

Lucknow's infrastructure is also moving. The Metro Phase-1B underground stretch of 6.52 km, with seven underground stations, was awarded to Afcons in October 2026 at about Rs 1,383 crore. The East–West metro corridor runs 11.2 km from Charbagh to Vasant Kunj, and a proposed 16.47 km line will connect Ekana Stadium to the airport, with completion expected by 2030.

What to Expect Next

Watch for three things over the coming months: the approval of the additional 8.9 acres, the official launch announcement and the first published price sheet. Once the project is listed on the UP RERA portal, check the registered details, approved plans and possession timeline yourself before comparing any offer.

Related Projects and Areas Affected

• Eldeco City, IIM Road: the developer's established township, with parks, a school and a clubhouse, and a useful benchmark for Namah's pricing.
• Eldeco Shaheed Path: another project the company is aiming to launch before March 2027, subject to approvals.
• Gomti Nagar Extension: a premium pocket where the developer's high-rise homes are listed at the top of its Lucknow price range.
• Lucknow–Kanpur Expressway corridor: a six-lane, access-controlled road of about 63 km that could support demand on the northern side of the city.
• Metro East–West corridor: the 11.2 km line from Charbagh to Vasant Kunj, which will improve access across the city once built.

Comparable Projects by the Same Developer

• Eldeco City, IIM Road: a completed and partly sold township with listed prices from about Rs 64 lakh.
• Gomti Nagar Extension: a high-rise with 3 and 4 BHK units listed from Rs 2.21 crore.
• Raebareli Road township: mostly 3 BHK homes listed from Rs 98 lakh to Rs 1.85 crore.

What This Project Likely Becomes

Based on the developer's Lucknow portfolio, Namah is likely to be a residential project with a mix of 2, 3 and 4 BHK homes, though the company has not confirmed this. Its 32-acre approved phase points to a sizeable community rather than a small boutique scheme. The final price band will depend on the official launch, but it is likely to sit in the mid-to-upper segment that management is targeting.

Future-Buyer FAQ

Q: When will Eldeco Namah launch?
Management is targeting a launch before March 2027, subject to approvals, site readiness and market conditions.

Q: What is the expected price range for Eldeco Namah?
The price has not been announced. The company says its focus band in Lucknow is Rs 1 crore to Rs 3 crore, which gives a rough sense of the target market.

Q: What configurations will Eldeco Namah offer?
Unit types and sizes have not been announced yet. Given the developer's other Lucknow projects, expect a mix of 2, 3 and 4 BHK homes.

Q: Should buyers wait or book now?
No booking window has been announced, so there is nothing to book yet. Wait for the official price sheet, payment plan and approvals, then compare them with completed Eldeco projects in Lucknow before deciding.

Facts as of November 2026, from the developer's earnings call and forthcoming-project schedule.

Full project details: Eldeco Namah