Property on IIM Road, Lucknow: 2 and 3 BHK Prices and Possession (2026)

Property on IIM Road, Lucknow is the lowest-priced new private housing we list in 2026: 2 BHKs start at ₹69.11 lakh and 3 BHKs at ₹98.36 lakh at Eldeco Skywalk, and Eldeco Latitude 27 sells 2 to 4 BHKs from ₹95.01 lakh to ₹1.46 crore. Both projects quote carpet area and sit inside Eldeco City, a 133-acre township. Neither is ready: listed possession is October 2029 for Skywalk and November 2030 for Latitude 27.

This guide sets out every unit on IIM Road with its carpet area, price and possession date, adds Eiffel Palm Vista in Kanchanpur as a budget alternative on another side of the city, and lists what to check on an under-construction purchase. Prices are developers' quoted base prices, excluding stamp duty and registration. Distances are the developers' own figures from their listings.

IIM Road property prices at a glance (2026)

Rates are rounded, and where a project quotes a range we assume the smallest unit carries the lowest price. Because both projects quote carpet area, these rates can be compared directly with each other, but not with projects elsewhere that quote super built-up area.

Eldeco Skywalk: the cheapest new flats we list

Eldeco Skywalk is a new launch of four 14-floor towers on 2.49 acres, with 195 homes joined by a landscaped skywalk and about 70% of the site open. It was registered with UP RERA on 10 April 2025 under UPRERAPRJ859279/04/2025, and listed possession is October 2029.

• 2 BHK: 858 to 1,125 sq ft carpet, ₹69.11 lakh to ₹91.26 lakh. Every 2 BHK here is under ₹1 crore.
• 3 BHK: 1,168 to 1,555 sq ft carpet, ₹98.36 lakh to ₹1.57 crore. The smallest is the cheapest private new 3 BHK on our site.

The developer lists Shalby Hospital at 1.6 km, National Highway 230 at 5.9 km, Delhi Public School at 10 km, Charbagh railway station at 20.4 km and the airport at 25.9 km.

Eldeco Latitude 27: four homes per floor

Eldeco Latitude 27 is under construction: five 14-storey towers on 3.53 acres with 281 homes, only four apartments per floor and, by the developer's figure, 79% of the land open. It is registered under UPRERAPRJ382100 with listed possession in November 2030.

Its pricing is unusually even. Every unit type, from the 872 sq ft 2 BHK at ₹95.01 lakh to the 1,344 sq ft 4 BHK at ₹1.46 crore, works out at about ₹10,900 per sq ft of carpet area. That makes it easy to see what each extra square foot costs, and it means a 4 BHK here at ₹1.45 crore is cheaper than many 3 BHKs elsewhere in the city. Note that the 4 BHKs are compact: 1,328 to 1,344 sq ft of carpet area.

The developer lists Bal Bharti School at 0.9 km, IIM Lucknow at 1.6 km, National Highway 30 at 2.8 km, Sitapur Road at 3.3 km, IT College metro station at 10.9 km and the airport at 25 km.

Skywalk or Latitude 27?

• Budget: Skywalk is cheaper at both ends of the 2 BHK range, and its smaller 3 BHKs cost less per sq ft than Latitude 27's.
• Possession: Skywalk's listed date, October 2029, is about a year earlier than Latitude 27's November 2030.
• Unit mix: only Latitude 27 offers a 4 BHK.
• Density: Latitude 27 has four homes per floor and 79% open area; Skywalk has 195 homes on 2.49 acres and 70% open area.
• Stage: Latitude 27 is already under construction; Skywalk is a new launch, so it has further to go.

Our guide to Eldeco projects in Lucknow compares these two with the developer's other three projects in the city.

Where IIM Road is, and who it suits

IIM Road takes its name from the Indian Institute of Management, whose campus address is Prabandh Nagar, IIM Road, Lucknow 226013 (IIM Lucknow). By the developer's figure, Latitude 27 is 3.3 km from Sitapur Road, and Eldeco describes Skywalk as connected by the Green Corridor, Sitapur Road and Hardoi Road.

The trade-off is distance from the rest of the city. By the developers' own figures, Charbagh is 20.4 km from Skywalk and the airport 25 to 25.9 km from both projects, and the nearest metro station they list is 10.9 km from Latitude 27. Drive your daily commute at peak hour before you commit.

IIM Road suits:

• First-time buyers who want a new 2 BHK under ₹1 crore.
• Young families who want a 3 BHK under ₹1.5 crore, or a compact 4 BHK under ₹1.5 crore.
• People who work or study on this side of the city, around Sitapur Road, Hardoi Road or IIM Lucknow itself.
• Buyers who can wait until 2029 or 2030 for possession.

It suits less well if you need to move in soon, fly often or commute daily to Gomti Nagar or the airport side. For those, see our guides to ready to move flats and property in Sushant Golf City.

A budget alternative: Eiffel Palm Vista, Kanchanpur

If your budget is IIM Road's but your work or family is nearer Faizabad Road and the Ayodhya highway, Eiffel Palm Vista is the closest match on our site. It is not on IIM Road: it is on Deva Road in Kanchanpur Matiyari. It is a single 23-storey tower of 169 homes on 1.56 acres, registered with UP RERA in June 2026 under UPRERAPRJ612710/06/2026, with listed possession in March 2031.

• 2 BHK (Type A): 850 to 1,095 sq ft carpet, ₹81.41 lakh to ₹1.06 crore, about ₹9,580 to ₹9,680 per sq ft.
• 3 BHK (Type B): 1,240 to 1,695 sq ft carpet, ₹1.20 crore to ₹1.64 crore, about ₹9,680 per sq ft.

The developer lists Matiyari Chauraha and the Ayodhya highway at 1.2 km, BBD University at 2.5 km, Shaheed Path at 4.5 km, the High Court at 6.5 km and Munshipulia metro station at 7 km.

How IIM Road prices compare with the rest of Lucknow

IIM Road's advantage is price. On our listings, the cheapest new 3 BHK in Gomti Nagar Extension starts at ₹2.27 crore (Emaar Elara, super built-up area), and the cheapest ready private 3 BHK there is ₹1.14 crore at Rishita Manhattan. In Sushant Golf City, new 3 BHKs start at ₹1.83 crore at ORO Constella. Against those, a ₹98.36 lakh 3 BHK of 1,168 sq ft carpet area at Skywalk is the lowest entry point for a new private 3 BHK on our site.

If you need a home now and your budget is lower still, government flats are the other route. LDA lists a ready 3 BHK of 1,140 sq ft carpet area at Shravan Apartment, Chandralok for ₹54.62 lakh. Our property rates in Lucknow guide sets the localities side by side.

Possession dates and what to check

All three projects in this guide are years from completion: October 2029, November 2030 and March 2031. The RERA Act gives you protections, but only if your paperwork is in order.

1. Match the RERA number. Search it on the UP RERA portal and check the completion date registered there.
2. Read the possession date in the agreement. Under section 18, if the developer misses the date in the agreement for sale, you can withdraw and get your money back with interest, or stay and be paid interest for every month of delay.
3. Pay no more than 10% before the agreement. Section 13 bars a developer from taking more than 10% of the cost before a registered agreement for sale.
4. Pay only into the project's account. Section 4 requires 70% of buyers' money to go into a separate account used only for the project's land and construction cost. Use the collection account shown on the portal.
5. Know the extension rule. Under section 6, the registration can be extended for force majeure or reasonable circumstances, but by no more than one year in aggregate.
6. Watch the site. Ask for recent construction photographs and visit before each payment linked to a stage.

The full cost on IIM Road

Because most units here are under ₹1 crore, the women's stamp duty rate makes a real difference. Stamp duty in Uttar Pradesh is 7% for men, and 6% for women when the value is up to ₹1 crore; registration is a further 1% (IGRS UP calculator).

For the loan, RBI rules let banks lend up to 80% of the property cost for loans of ₹30 lakh to ₹75 lakh, and stamp duty is not counted in that cost. On the ₹69.11 lakh Skywalk 2 BHK, the most a bank can lend is about ₹55.29 lakh, so you need at least ₹13.82 lakh of your own plus the duties. Our EMI calculator and home loan guide go further, and for more options in this budget see 2 BHK flats in Lucknow and flats under ₹1 crore.

How we can help you buy on IIM Road

We have worked in Lucknow real estate since 2003. For an IIM Road purchase we compare Skywalk and Latitude 27 unit by unit on carpet area, check both RERA records and the collection accounts with you, and arrange the home loan sanction before you pay a booking amount.

Get in touch with us to arrange a visit, or see our home loan service.