Commercial property in Lucknow in 2026: shops from ₹40.21 lakh in Sarojini Nagar, offices, DLF My Pad studios, 12% GST on commercial units, and how to work out yield on the full cost.
By Gagan Tondon, Gagan Tondon Real Estate, Lucknow
Commercial property in Lucknow on our listings in 2026 starts at ₹40.21 lakh for a 176 sq ft shop at Marigold Kailasha Awadh in Sarojini Nagar and runs to ₹2.02 crore for its largest food court unit. Kanak Felix Imperial offers shops and offices from 85 to 1,444 sq ft with prices on request, and ready studios at DLF My Pad in Vibhuti Khand, a mixed-use project, cost ₹73.81 lakh to ₹1.98 crore. Before you compare any of them, add GST, stamp duty and registration, and work the yield out on that full figure.
Prices below are the developers' quoted base prices from our listings. Commercial units are quoted on super built-up area, which includes common space; DLF My Pad quotes carpet area.
| Project | Locality | What is sold | Area (type) | Quoted price | Stage |
|---|---|---|---|---|---|
| Marigold Kailasha Awadh | Sarojini Nagar | Shops, showrooms, food court, office suites | 176 to 1,200 sq ft super built-up | ₹40.21 lakh to ₹2.02 crore | Under construction, September 2028 |
| Kanak Felix Imperial | Listed under Sarojini Nagar; developer address IT Park-2, Sushant Golf City | Shops, anchor retail, offices | 85 to 1,444 sq ft super built-up | Price on request | Under construction, December 2028 |
| DLF My Pad | Vibhuti Khand, Gomti Nagar | 1 RK studios (mixed-use project) | 310 to 833 sq ft carpet | ₹73.81 lakh to ₹1.98 crore | Ready since December 2018 |
The two Sarojini Nagar buildings are new, unfinished and sold on plans. DLF My Pad is finished and occupied. That difference shapes everything else in this guide: tax, risk and how soon a unit can earn.
Marigold Kailasha Awadh is one building of 247 units on 2 acres, ground plus five storeys by the developer's description, on the Lucknow-Kanpur highway. The developer lists the airport 1.5 km away and Kisan Path, the Outer Ring Road, 1 km away. Its UP RERA number is UPRERAPRJ850664.
| Unit | Super built-up area | Quoted price | Approx. rate per sq ft |
|---|---|---|---|
| Retail shops, lower ground and ground | 176 to 450 sq ft | ₹40.21 lakh to ₹95 lakh | ₹21,110 to ₹22,850 |
| High-street retail and showrooms, first floor | 350 to 650 sq ft | ₹75 lakh to ₹1.45 crore | ₹21,430 to ₹22,310 |
| Food court and dining, second floor | 400 to 885 sq ft | ₹85 lakh to ₹2.02 crore | ₹21,250 to ₹22,870 |
| Office suites, upper floors | 300 to 1,200 sq ft | ₹50 lakh to ₹1.95 crore | ₹16,250 to ₹16,670 |
Rates are the quoted price divided by the super built-up area, assuming the smallest unit carries the lowest price. Offices cost about a quarter less per sq ft than shops here, which is the usual pattern: a shop's value depends on passing trade, an office's on the tenant's business.
Kanak Felix Imperial has 122 units on 1.5 acres, which the developer breaks into 95 shops and 27 offices. Its UP RERA number is UPRERAPRJ938888, and possession is listed for December 2028.
Prices are on request. Our listing files the project under Sarojini Nagar, while the developer's address is IT Park-2, Sector-D, Sushant Golf City, so pin it on a map before you judge the catchment.
DLF My Pad is a mixed-use project of 575 units in two towers on 4.92 acres in Vibhuti Khand, Gomti Nagar, ready for possession since December 2018 (UP RERA number UPRERAPRJ4882). It sells 1 RK studios on carpet area, at a near-flat rate of about ₹23,300 to ₹23,800 per sq ft of carpet area:
| Studio | Carpet area | Quoted price |
|---|---|---|
| Compact | 310 to 450 sq ft | ₹73.81 lakh to ₹1.05 crore |
| Standard | 451 to 630 sq ft | ₹1.05 crore to ₹1.50 crore |
| Suite | 631 to 833 sq ft | ₹1.50 crore to ₹1.98 crore |
Because it is mixed use, ask the developer in writing whether your unit is sold and registered as residential or commercial. That decides which GST entry applied when it was built, how a lender treats it and what a tenant can legally use it for.
GST on a property bought under construction depends on the kind of project, not just the kind of unit. The rules come from the GST Council's real estate FAQ and Notification 11/2017-Central Tax (Rate) as amended from 1 April 2019.
| What you buy | Effective GST (after the land deduction) | Input tax credit |
|---|---|---|
| Shop or office in a Residential Real Estate Project (commercial carpet area not more than 15% of the total) | 5% of the total consideration | Not available to the developer |
| Shop or office in any other real estate project, such as a standalone commercial building | 12% of the total consideration | Available to the developer |
| Any unit where the whole price is paid after the completion certificate or first occupation | No GST on the sale | Not applicable |
The one-third deduction for land is already built into these effective rates, so do not deduct it again. Marigold Kailasha Awadh and Kanak Felix Imperial are commercial buildings, so on the face of it the 12% entry applies; confirm the rate on the developer's cost sheet. For a ₹40.21 lakh Kailasha Awadh shop that is ₹4,82,520, and for a ₹50 lakh office suite, ₹6,00,000.
A ready unit at DLF My Pad bought with the whole price paid after completion carries no GST on the sale. Ask for the completion or occupancy certificate to be sure. Whether a business buyer can claim credit for GST paid on buying a unit is a separate question; take a tax adviser's view rather than assuming you can. Our guide to GST on flats in Lucknow covers the residential rates in detail.
Stamp duty in Uttar Pradesh is 7% of the value for a man, and registration is 1% with no cap (IGRS UP calculator). We have used those rates below and applied them to the base price; whether the women's 6% concession applies to a commercial unit is something to check in the same calculator for your exact case.
| Unit | Base price | GST | Stamp duty (7%) | Registration (1%) | Total outlay |
|---|---|---|---|---|---|
| Kailasha Awadh shop, 176 sq ft super built-up | ₹40,21,000 | ₹4,82,520 (12%) | ₹2,81,470 | ₹40,210 | ₹48,25,200 |
| Kailasha Awadh office suite, 300 sq ft super built-up | ₹50,00,000 | ₹6,00,000 (12%) | ₹3,50,000 | ₹50,000 | ₹60,00,000 |
| DLF My Pad compact studio, 310 sq ft carpet (ready) | ₹73,81,100 | Nil if bought after completion | ₹5,16,677 | ₹73,811 | ₹79,71,588 |
Every unit above is ₹50 lakh or more except the cheapest shop, so for those the buyer also deducts 1% TDS under section 393(1) of the Income-tax Act, 2025 from the payment to a resident seller. TDS does not add to your cost. Ask too about maintenance deposits, power backup and signage charges, which a commercial cost sheet often carries.
We do not publish rents or yields for these buildings, because no verified figure exists and the Sarojini Nagar buildings have no tenants yet. What we can do is show what a given rent would mean against the full outlay.
₹10,000 a month is ₹1,20,000 a year. Divided by the total outlay:
Turn it round. To earn a 5% gross yield, purely as a test figure and not a forecast, the shop would need about ₹20,105 a month, the office suite ₹25,000 and the studio about ₹33,215. Now ask whether signed leases in comparable buildings nearby support that rent. If they do not, the price is asking you to bet on growth.
Our rental yield calculator runs these steps for any unit. Leases for commercial space often include a lock-in period and an escalation clause; read both, and check who pays maintenance and any GST on the rent.
Tip: Ask the developer how many units in the building are already sold and how many are leased. A building where every unit is held by an investor and none by a trader can stay quiet for years.
If your interest is mainly Kanpur Road, our Kanpur Road property guide compares these shops with the plots nearby. For a wider look at where returns come from, see our guide to high ROI properties in Lucknow.
We check the RERA record, the land use and the plan sanction for the exact floor, get the carpet area in writing, and build a full cost sheet with GST, duties and deposits before you book. Then we test the price against achieved rents in comparable buildings. To discuss a shop or office, read about our commercial property service or contact us.
On our listings, shops at Marigold Kailasha Awadh in Sarojini Nagar cost ₹40.21 lakh to ₹95 lakh for 176 to 450 sq ft of super built-up area on the lower ground and ground floors, and ₹75 lakh to ₹1.45 crore for first-floor showrooms. Kanak Felix Imperial lists shops of 85 to 450 sq ft with the price on request. GST, stamp duty and registration are extra.
For a shop or office bought under construction in a project that is not a residential real estate project, the effective GST is 12% of the total consideration, with input tax credit for the developer. In a mainly residential project, where commercial carpet area is at most 15% of the total, it is 5%. There is no GST when the whole price is paid after the completion certificate or first occupation.
It can pay more rent per rupee than a flat, but it carries more risk: new buildings have no trading history, units can stay empty between tenants, and resale is slower. Work out the full cost including GST and duties, and test the price against rents actually achieved in comparable buildings. We do not publish rent or yield forecasts.
Divide the net annual rent by the total outlay and multiply by 100. The outlay is the price plus GST, stamp duty and registration. For a ₹40.21 lakh Kailasha Awadh shop that outlay is ₹48,25,200, so every ₹10,000 of monthly rent gives a 2.49% gross yield before maintenance, tax and empty months.
Our listing classifies DLF My Pad in Vibhuti Khand as a mixed-use project. It sells 1 RK studios of 310 to 833 sq ft carpet area from ₹73.81 lakh, ready since December 2018. Ask the developer in writing whether your unit is sold as residential or commercial, because it affects loans, use and tax.
A shop or office is not a home, so it is financed through a commercial property loan or a loan against property, on terms each lender sets. The RBI loan-to-value bands for housing loans do not decide it. Get a written sanction before you pay the booking amount.
₹40.21 lakh* to ₹2.02 crore*
Sarojini Nagar
Price on request
Sarojini Nagar
₹73.81 lakh* to ₹1.98 crore*
Vibhuti Khand
Sarojini Nagar, Lucknow
Price on request
Sarojini Nagar, Lucknow
From ₹40.21 lakh*
Vibhuti Khand, Lucknow
From ₹73.81 lakh*
*Terms and Conditions apply
