Eldeco Palm Springs

About Eldeco Palm Springs

Eldeco Palm Springs is an upcoming residential project in Lucknow from Eldeco Housing and Industries Ltd, a Lucknow-based company that forms part of the Eldeco Group. The land parcel covers 19.5 acres, and the developer's filing dated 12 August 2026 puts the tentative saleable area at 3,73,467 sq ft. The project is still at the final approval stage, so right now it is a pre-launch story. That gives you a useful window to study the locality, the developer's record and the market before the first price sheet lands.

Key Highlights

• Residential project spread over 19.5 acres of land in Lucknow.
• Tentative saleable area of 3,73,467 sq ft, as per the developer's 12 August 2026 filing.
• Status is Upcoming, and the filing places the project at the final approval stage.
• Launch is targeted before March 2027, subject to approvals, site readiness and market conditions.
• The developer was incorporated in 1985 and is listed on BSE and NSE as Eldeco Housing & Industries.
• The developer has delivered 59 projects in Lucknow as of FY23, which is a deep local footprint.
• The developer says Lucknow remains an undersupplied residential market, a view it shared on its November 2026 earnings call.

Location Advantages

Lucknow is one of those cities where a locality's value depends a lot on how easily you can reach the airport, the railway station and the main job corridors. Chaudhary Charan Singh International Airport serves the city, and Charbagh is the main railway hub. The Metro's East-West corridor, 11.2 km from Charbagh to Vasant Kunj through Old Lucknow, is under development in phases, and the full network is expected to cover nearly 80 km once complete. The six-lane Lucknow-Kanpur Expressway, around 63 km long, is also meant to tighten links to the wider region.

The honest caution is timing. Until the metro and expressway links are running, daily commutes will depend on road traffic, and arterial roads in growing parts of Lucknow can get congested at peak hours. Dust and noise from ongoing construction are also common in the early years of any new township, so it helps to visit the area at different times of day before you commit.

Location Map — available on request

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What's Nearby: Lucknow Landmarks Buyers Ask About

Because the project is still at the approval stage, the exact landmarks around its site are best checked on a map when the details firm up. In the meantime, these citywide anchors help you judge access from anywhere in Lucknow:

• Chaudhary Charan Singh International Airport, the city's main air gateway.
• Charbagh railway station, the principal rail hub and the Metro's East-West starting point.
• IIM Lucknow and Lucknow University, two of the city's best-known education centres.
• Vibhuti Khand and Gomti Nagar, established office and hospitality belts with hotels and corporate offices.

Upcoming Infrastructure

• Jewar Link Expressway: a 24.5 km access-controlled road connecting to the Noida International Airport at Jewar. The contract was awarded to Afcons in October 2026 at about ₹2,086 crore excluding GST.
• Lucknow Metro Phase-1B underground section: 6.52 km with seven underground stations, awarded to Afcons by UPMRC at about ₹1,383 crore in October 2026.
• Lucknow Metro East-West corridor: 11.2 km from Charbagh to Vasant Kunj, with construction expected to start in phases from 2026.
• Routes planned for 2030: a 16.470 km line running from Ekana Stadium to the airport, and a 9.246 km corridor linking the Secretariat with CG City South. Together they would give residents of the Lucknow suburbs faster access to the city's main government, sports and business areas.
• Lucknow-Kanpur Expressway: a 63 km six-lane road that was expected to open on 24 May. Check the current opening status before relying on it.

Taken together, these lines pull Lucknow's growth outward and make the city's newer belts more connected. Their timelines are still moving, so treat them as upside rather than a certainty when you compare homes.

Price & Configuration

Lucknow homes average ₹6,700 per sq ft as of June 2026, and the city rate moved from about ₹6,650 in mid-2025 to ₹6,700 by March 2026. That is a slow, steady climb rather than a sudden jump, which suits buyers who want predictable pricing. The Amar Shaheed Path belt, where the developer's Hanging Gardens is located, has averaged about ₹6,649 per sq ft, with a wide band from ₹5,081 to ₹8,217 and a 2% rise in the second quarter of 2026.

Eldeco's own view is that its Lucknow demand sweet spot sits between ₹1 crore and ₹3 crore. Its nearby sister projects show the spread: Eldeco Twin Towers is listed from ₹80.5 lakh to ₹1.55 crore, Hanging Gardens on Amar Shaheed Path from ₹1.13 crore to ₹1.78 crore, and Eldeco Greens from ₹1.65 crore to ₹4.8 crore. The best test for any launch rate will be how it sits against the ₹6,700 city average and these nearby benchmarks.

Master / Floor Plan — available on request

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Launch & Possession Timeline

• 1985: Eldeco Housing and Industries incorporated in Lucknow.
• 12 August 2026: the developer's filing lists Eldeco Palm Springs as a residential project with 100% economic interest, at the final approval stage.
• November 2026: the developer's Q2FY27 call targets a launch before March 2027, subject to approvals, site readiness and market conditions.
• 5 November 2026: a summary of the same filing continues to show the project at the final approval stage.

Investment Analysis

• Price against the locality: the Lucknow average of ₹6,700 per sq ft (June 2026) is the baseline. Any launch rate above it will need a clear location or amenity premium to justify it.
• Appreciation: the city rate rose about ₹50 per sq ft between mid-2025 and March 2026, so capital growth has been gentle. Buyers who enter at launch will rely on the infrastructure pipeline for the bigger gains.
• Rental yield: Lucknow's overall yield is about 3.22% as of March 2026, with an average rent of ₹18 per sq ft. Along Shaheed Path, 3BHK rental yields run about 4.0% to 4.7% and 2BHK about 3.4% to 4.0%.
• Resale demand: the developer's Latitude 27 on IIM Road was 80% sold, which points to steady demand for well-known developer brands in the city.
• Competing options at a similar budget: Eldeco Hanging Gardens (₹1.13 crore to ₹1.78 crore) and Eldeco Twin Towers (₹80.5 lakh to ₹1.55 crore) give you a direct comparison for the ₹1 crore to ₹3 crore band.

Pros and Cons

Pros

• The developer has operated since 1985 and has a long Lucknow delivery record.
• A 19.5-acre site gives room for a planned residential layout rather than a small infill block.
• The developer describes Lucknow as an undersupplied residential market, which supports demand.
• The city's infrastructure pipeline, including metro, expressway and airport links, is one of the most active in the state.
• Stamp duty concessions for women buyers can lower the upfront cost.

Cons

• Launch timing depends on approvals, site readiness and market conditions, and management has flagged a possible slowdown around state elections as a risk.
• Until the price sheet is out, budgeting will rely on locality rates and sister-project benchmarks.
• Company-level booking value fell 35.1% to ₹200.6 crore in the first half of FY27 without new launches, even as profit rose 290.1%. Sales depend heavily on launches landing on schedule.
• Rental yields in Lucknow are modest at about 3.22%, so investors should expect growth in capital value to do most of the work.
• Metro and expressway timelines are still moving, so commute benefits may arrive later than the brochures suggest.

Who Should Buy This

Ideal for: end-user families who want a new residential project from an established Lucknow developer and can wait for launch; long-horizon investors comfortable buying before pricing is fixed; and buyers who value a listed developer with a 40-year record.

Not ideal for: buyers who need a home within the next year or two, and short-term investors looking for quick resale gains.

Home Loans & Charges

The table below covers the Uttar Pradesh government charges that apply to any property purchase in Lucknow. Project-level charges such as parking, club membership and maintenance should be confirmed from the developer's charge sheet before you sign.

About the Developer

Eldeco Housing and Industries was incorporated in Lucknow in 1985 and forms part of the Eldeco Group. The company says it has delivered about 200 projects and has 32 under execution, with more than 30 million sq ft delivered to over 30,000 customers. In Lucknow it has completed 59 projects as of FY23, including Eldeco Eternia on Sitapur Road with 400 apartments (2009-10) and Eldeco Saubhagyam on Raebareli Road with 1,100 apartments (2010-11). Its Imperia Phase 2 received its completion certificate in the fourth quarter of FY26. The company says all its current projects are completed on time or ahead of schedule, and it holds the Builders Excellence Award and the Award for Excellence in Construction.

FAQ: Frequently Asked Questions

Q: Who is building Eldeco Palm Springs in Lucknow?

A: Eldeco Housing and Industries Ltd, a part of the Eldeco Group, is the developer of this residential project in Lucknow.

Q: What is the current status of Eldeco Palm Springs?

A: The project is Upcoming, and the developer's 12 August 2026 filing places it at the final approval stage.

Q: When is Eldeco Palm Springs expected to launch?

A: The developer targets a launch before March 2027, subject to approvals, site readiness and market conditions.

Q: How big is the Eldeco Palm Springs land parcel?

A: The project sits on 19.5 acres, with a tentative saleable area of 3,73,467 sq ft in the developer's filing.

Q: Is Lucknow a good place to invest in property?

A: Lucknow averages about ₹6,700 per sq ft with a rental yield near 3.22%, and its metro and expressway projects add long-term upside, though growth has been gradual.

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