Lucknow's strategic location, easily accessible by road, rail, and air, makes it a prime destination for both tourists and investors. Situated approximately 500 km from Delhi and Noida, the city is renowned for its diverse industries, including manufacturing, IT, handicrafts, chemicals, and food processing.
Government initiatives, such as the development of a 40-acre IT hub and improved accessibility via the Yamuna Expressway, have created a favourable environment for working professionals. This influx of talent has driven demand for residential properties in several locations. Which are they? Let’s explore the top five areas in Lucknow offering the highest rental income.
Top 5 areas to earn high rental income in Lucknow
Discover the top five areas in Lucknow that are garnering maximum rental income.
Gomti Nagar Extension
Gomti Nagar Extension is one of the top areas in Lucknow with the highest rental income for property owners. Its proximity to employment hubs of Hazratganj, Vidhan Sabha Marg and Ashok Marg drives up rental income in the area. Lohia Path, Viraj Khand Road, Faizabad Road, and Amar Shaheed Path connect the locality with the city’s major commercial hubs and shopping centres. A dedicated railway station serves the area on the Barabanki-Lucknow Suburban Railway line.
Notably, the locality houses premium residential societies developed by renowned builders, including Emaar MGF Developers, Shalimar Corp, and Omaxe. The 2BHK configuration is the most preferred residential property among tenants and buyers, ranging between Rs 58 lakh to Rs 1.12 crore. Meanwhile, the price for a 3 BHK apartment starts at Rs 89.5 lakh and goes up to Rs 1.74 crore.
To know the property price and rental trend in Gomti Nagar Extension, Lucknow, check out the table below:
| Average property price and rental range in Gomti Nagar Extension, Lucknow | ||
|---|---|---|
| Average property price in Gomti Nagar Extension | Property price appreciation (in last 5 years) | Rental range |
| Rs 7,000 per sq ft | 80% | Rs 9,000-48,000 |
Source: The above data is based on 99acres listings as of September 2024.
With regard to social infrastructure, Gomti Nagar Extension is close to Gomti Nagar, an emerging locale as the biggest commercial hub in Lucknow. Amenities that make Gomti Nagar Extension stand out for one of the highest rental income in the city are:
| Social infrastructure in Gomti Nagar Extension | ||
|---|---|---|
| Hospitals | Educational institutions | Commercial & entertainment hub |
| Sahara Hospital | GSM Public | Wave Mall |
| Divine Heart & Multispeciality | Satyam Public | Fun Republic Mall |
| Rishi Hospital | Orchids Public | Singapore Mall |
| St Joseph Hospital | VIBGYOR High School | Phoenix Palassio |
| Lulu Mall | ||
Residents in their reviews on Gomti Nagar Extension have cited safety, environment, and connectivity as the key positives of the area on the 99acres Ratings and Reviews platform.
Click here to check out the properties in the Gomti Nagar Extension.
Sushant Golf City
Sushant Golf City is a hi-tech luxury township on prominent bypasses and roads such as Amar Shaheed Path and Lucknow-Sultan Highway. Its proximity to banking, leather, glass, and chemicals units and the IT Special Economic Zone (SEZ) at Chak Ganjaria Farm attracts professionals, driving the rental demand. This makes it an investment hotspot for earning high rental income in Lucknow.
Developers such as Ansal API and Stellar Group offer premium residential properties in the locality. Although 2 BHK units are the most sought-after configuration, the area also offers plots and villas. The price range of a 2BHK apartment is between Rs 63 lakh and 87 lakh, while a 3BHK unit costs hovers around Rs 96 lakh to Rs 1.48 crore.
Check out the table below to know the property price trend and rental range of Sushant Golf City, Lucknow:
| Average property price and rental range in Sushant Golf City, Lucknow | ||
|---|---|---|
| Average property price in Sushant Golf City | Property price appreciation (in last 5 years) | Rental range |
| Rs 6,500 per sq ft | 78% | Rs 10,000-38,000 |
Source: The above data is based on 99acres listings as of September 2024.
The locality also has several social amenities in its proximity, which adds to its appeal as a preferred residential hub among tenants and end-users. These amenities are:
| Social Infrastructure in Sushant Golf City | ||
|---|---|---|
| Hospitals | Educational institutions | Commercial & Entertainment Hub |
| Medanta Super Speciality Hospital | BR Public School | Felix Mall |
| Antas Home Care & Nursing Services | Lotus World Public School | Platinum Mall |
| Indian Nursing Home Care Services | Saroj Institute of Technology and Management | Lulu Mall |
| Lucknow Law College | Phoenix Palassio Mall | |
| GSRM Memorial Degree College | ||
In their reviews on Sushant Golf City, residents have listed the area’s safety and proximity to amenities like commercial hubs, markets, entertainment hubs and dining restaurants as the key positives on the 99acres Ratings and Reviews platform.
Click here to explore the properties in Sushant Golf City, Lucknow.
Sultanpur Road
With the upcoming IT city, Wellness City, and commercial hub of Migsun Janpath along Sultanpur Road, the stretch is set to witness a boom in social infrastructure and employment opportunities. These developments are anticipated to fuel the property demand across the regions along Sultanpur Road.
While the 2BHK configuration is the most sought-after across the area among buyers and tenants, the locality also has 3BHK units, residential plots, and villas. A 2BHK apartment is priced between Rs 54 lakh and Rs 85 lakh, and the 3BHK unit price hovers around Rs 85 lakh to Rs 1.45 crore.
Check out the table below to know the price trend and rental range in Sultanpur Road, Lucknow:
| Average property price and rental range in Sultanpur Road, Lucknow | ||
|---|---|---|
| Average property price in Sultanpur Road | Property price appreciation (in last 5 years) | Rental range |
| Rs 6,350/ sq ft | 76.40% | Rs 9,000-38,000 |
Source: The above data is based on 99acres listings as of September 2024.
Sultanpur Road is also famous among end users and tenants due to the availability of premium residential properties by developers such as Ansal API, NJSV Group, and others.
The locality enjoys modern social infrastructure to boast of, and significant among them are:
| Social infrastructure in Sultanpur Road | ||
|---|---|---|
| Hospitals | Educational institutions | Commercial & entertainment hub |
| VN Hospital | RS International School | Emotion Park |
| Al Fahmida Hospital & Maternity Centre | Manarul Uloom Public School | Durga Pooja Park |
| Arma Hospital | Gupta Bal Vidya Mandir | Sharda Park |
| Gomti Sector ParkÊ | ||
Residents list the lifestyle amenities, connectivity, and infrastructure as positives in their reviews about Sultanpur Road, Lucknow on the 99acres Ratings and Reviews platform.
Click here to explore properties in Sultanpur Road, Lucknow.
Gomti Nagar
Gomti Nagar, popularly known as Asia's largest colony, is emerging as one of Lucknow’s biggest commercial hubs. Its reliable social infrastructure and proximity to industrial hubs like the Urbanac Business Park, STPI, and Shalimar Corporate Park and government offices make it one of the prferred choices among professionals. The industrial hubs are located at an average distance of about 7-9 km.
Although the locality has residential lands, independent floors, farmhouses, and villas, 2BHK units are the most popular configuration. While a 2BHK configuration ranges from Rs 38 lakh to Rs 72 lakh, the price range of a 3BHK hovers between Rs 86 lakh and Rs 2 crore.
The locale houses residential projects by some renowned developers such as DLF Builders, Omaxe, Experion Developers, Eldeco Group, and Purvanchal Construction.
To know the property price and rental trend of Gomti Nagar, Lucknow, check out the table below:
| Property price and rental range in Gomti Nagar, Lucknow | ||
|---|---|---|
| Average property price in Gomti Nagar | Property price appreciation (in last 5 years) | Rental Range |
| Rs 7,300/ sq ft | 31.50% | Rs 8000-36000 |
Source: The above data is based on 99acres listings as of September 2024.
Gomti Nagar has modern infrastructure and amenities like commercial & recreational hubs, hospitals, educational institutions and transportation. In fact, residents in their reviews on Gomti Nagar have listed the same factors as the area's positives.
The social amenities present around the area include:
| Social Infrastructure in Gomti Nagar | ||
|---|---|---|
| Hospitals | Educational insituations | Commercial & entertainment hub |
| Nova Hospital | Amity University | Wave Mall |
| Acadis | Dr Ram Maohar Lohia Institute of Medical Sciences | City Mall |
| St Joseph Hospital | ICFAI University | Singapore Mall |
| Sanjivini Lung Centre | Jaipuria Institute of Management | |
| Lucknow Metro Hospital | ||
Click here to explore the properties in Gomti Nagar.
Vrindavan Yojna
Vrindavan Yojna provides easy access to the IT SEZ at Chak Ganjaria Farm. This proximity makes the locale a preferred residential hub in Lucknow for working professionals seeking rental accommodations.
The region’s robust connectivity to other parts of the city via roads such as Amar Shaheed Path and Lucknow-Raibareli Road further adds to its appeal. Sainik Nagar, Dwarkapuri, and Vijay Nagar Chauraha bus stops nearby serve the locality. Besides, it is connected by a rail network to Utraitia Railway Station nearby.
While a 2BHK is the most sought-after configuration in the area, it also offers other configurations, including 3BHK units, residential lands, farmhouses, villas, and independent floors. A 2BHK unit ranges between Rs 55 lakh and Rs 67 lakh, while the price for a 3BHK configuration is about Rs 78 lakh-98 lakh.
Check out the table below to know the average property price and rental range of Vrindavan Yojna, Lucknow:
| Property price and rental range in Vrindavan Yojna, Lucknow | ||
|---|---|---|
| Average property price in Vrindavan Yojna | Property price appreciation (in last 5 years) | Rental range |
| Rs 5,500/ sq ft | 38% | Rs 9,800-39,000 |
Source: The above data is based on 99acres listings as of September 2024.
Vrindavan Yojna is home to some premium residential projects from developers such as Eldeco Group, Vihaan Heights and Antriksh India. In fact, residents in their reviews on Vrindavan Yojna have listed safety, easy commuting, and the availability of amenities as key positives on the 99acres Ratings and Reviews platform.
The locality features ample social infrastructure with modern amenities, including:
| Social infrastructure in Vrindavan Yojna | ||
|---|---|---|
| Hospitals | Educational insituations | Commercial & entertainment hub |
| Sparsh Nursing Home Care | Allen House Public School | Gardens Galleria Mall |
| Wellsun Medicity Hospital | St Basils School | Platinum Mall |
| Ayush Hospital | Lucknow Public School | Emerald Mall |
| Prashant Tyagi Trauma Center | Sanjay Gandhi Postgraduate Institute of Medical Sciences | Phoenix Palassio Mall |
| Babasaheb Bhimrao Ambedkar University | ||
Click here to explore the properties in Vrindavan Yojna, Lucknow.
Lucknow, with its flourishing economy and infrastructure development, offers promising opportunities for real estate investment. Localities like Gomti Nagar Extension, Sushant Golf City, Sultanpur Road, Gomti Nagar, and Vrindavan Yojna stand out as the top localities offering maximum rental income.
Their proximity to IT hubs, industrial parks, and ongoing development make these areas highly desirable for working professionals, driving the rental demand. However, to ensure a successful investment, conducting thorough research on the location, amenities, upcoming projects, and local market trends is essential.
