Eldeco Group entered real estate in 1985 and has spent the bulk of those four decades building in Lucknow. Eldeco Housing and Industries Ltd. (EHIL), incorporated in 1985, has been for over three decades the market leader in Lucknow — Uttar Pradesh's capital and fastest-growing city. That long-term commitment is not incidental: by dominating the Lucknow and Kanpur markets, the company leverages deep local expertise, regulatory relationships, and brand recall that national players often lack.
One of the earliest milestones in this city came through a landmark public-private partnership. Eldeco established a strong presence in Lucknow by developing, among others, a 200-acre township in joint development with the Lucknow Development Authority — one of the first instances of Public-Private Partnership in the country. That precedent-setting project is what anchors the developer's credibility when it now launches township-scale residential communities across the city.
At the group level, Eldeco is synonymous with timely and quality delivery across 20 cities in North India and has already handed over 200 projects spanning large-format integrated townships, high-rise condominiums, industrial estates, malls and office buildings, with 30 projects in various stages of active execution, aggregate delivered area of more than 60 million sq ft, and over 30,000 customers. EHIL is listed on the Bombay Stock Exchange and has an uninterrupted dividend-paying record since inception.
The financial architecture behind future Lucknow growth is also significant. A pivotal growth catalyst is the ₹1,500 crore investment platform created in partnership with HDFC Capital Advisors, slated to develop 18 residential projects across North India with a revenue potential estimated at ₹11,000 crore over the coming years. The journey of Eldeco Housing and Industries Ltd. is characterised by steady, organic growth and a disciplined avoidance of the debt traps that plagued the Indian real estate industry during the 2010s.
The single project that most defines Eldeco in Lucknow is Eldeco City. Eldeco City is an exclusive 133-acre township with plots, villas, apartments and commercial space within the secured environs of a gated community. Its address on IIM Road placed it at a geographic crossroads that has since become one of the city's most sought-after residential belts. It is extremely well located on IIM Road and close to premium residential hubs such as Jankipuram, Aliganj and Vikas Nagar, with prime commercial areas such as Kapoorthala, UPSC Hall and Engineering College also in the vicinity.
The project type is an integrated township with a saleable area of 2.75 million sq ft. Within the same campus, Eldeco has developed multiple sub-projects over the years — apartments, villas, expandable plots, commercial arcades — each new launch building on the established social infrastructure of the parent township. Eldeco City Arcade-II serves a captive market of over 2,200 families residing in Eldeco City and almost 2,000 families living in nearby areas. That self-sustaining scale is what differentiates a completed township from a single-tower project.
Eldeco Skywalk is part of the inhabited township of Eldeco City on IIM Road, Lucknow, and comprises four towers offering 2 and 3 BR apartments. The project spans 3 acres and features four elegantly designed towers, each rising 14 stories high, presenting 195 exclusive 2 and 3 BHK apartments.
The architectural differentiator is the project's signature element: the project introduces a beautifully landscaped Skywalk atop Towers Life 1 and 2, where residents can unwind as every sunrise greets them with peace and every evening wraps them in starlit calm. Residents also access a multipurpose indoor hall ideal for badminton, a fully equipped gym, indoor sports zone, kids' play area, open gym, multipurpose court, half basketball court, and an amphitheatre for community gatherings.
The project carries UP RERA registration number UPRERAPRJ859279/04/2025, launched on 11th April 2025. It is expected to be delivered by October 2029.
The location advantages are compounded by the township context. The project has direct access to public transport, is at 0 km from main IIM Road, and is three minutes from Sitapur Road. It is also walking distance from the Indian Institute of Management and other educational institutes including Maharshi Vidya Mandir, Central School and Bal Bharti School. With the presence of IIM Lucknow and other corporate hubs, there is a steady demand for rental properties in the area, particularly 2 and 3 BHK units.
Eldeco's second active Lucknow project takes the group into a different segment and a different part of the city. Eldeco Solano Gardens is an exclusive villa and plotted township located on New Jail Road, spread across approximately 52 acres of low-density development, blending Mediterranean architecture, landscaped greens, and thoughtfully planned streets.
The township is RERA and LDA approved, with villas starting from ₹1.38 crore onwards. The project offers premium villa plots ranging from 1,200 sq ft to 2,000 sq ft, catering to different space and lifestyle preferences. The UP RERA registration number is UPRERAPRJ416310/01/2026. The project is expected to be delivered by July 2030.
The connectivity picture at New Jail Road is distinct from IIM Road but equally functional. Chaudhary Charan Singh International Airport is approximately 15 minutes away, Lucknow Railway Station is 15 minutes away, and the Lucknow Outer Ring Road is about 5 minutes from the site. The project is also strategically located near Sultanpur Road, one of Lucknow's fastest-growing residential corridors. Key landmarks nearby include SKL Public School, College of Engineering and Science, and Mohanlalganj Railway Station.
Eldeco Solano Gardens has an estimated Gross Development Value of over ₹1,000 crore and is expected to significantly boost the company's top-line growth in FY2026-27. For the group, this is not simply another plotted project — it is the scale benchmark for its next phase in Lucknow.
Eldeco's approach — township-scale land aggregation, low debt, phased delivery within a self-contained address — fits Lucknow's growth structure closely. The city's expansion has followed legible corridors: Gomti Nagar Extension along Shaheed Path, the IIM Road–Sitapur Road belt in the northwest, and the southern arc running from New Jail Road toward Sultanpur Road and the Outer Ring Road. Eldeco has placed active projects precisely at two of these nodes.
As of FY2024 and early FY2025, Eldeco has shifted its focus toward project expansion in tier-2 cities, capitalising on the trend where professionals are moving to smaller cities with better infrastructure. Lucknow, as the state capital with a functioning metro, two national highways, an expressway network, and a rapidly growing corporate and educational base, is the clearest expression of that strategy within Uttar Pradesh.
The company has also successfully pivoted toward the luxury segment with projects like Eldeco Trinity, achieving premium realisations of approximately ₹9,000 per sq ft. The simultaneous operation of a high-rise apartment project at IIM Road and a large-format villa township at New Jail Road shows that Eldeco is covering multiple buyer profiles in this city — working professionals seeking urban apartments and families seeking plotted land with long-term flexibility — within a single development cycle.
| Project | Location | Type | Scale | Status | UP RERA No. |
|---|---|---|---|---|---|
| Eldeco Skywalk | Eldeco City, IIM Road | 2 & 3 BHK Apartments | 4 towers, 195 units, 3 acres | Under construction (est. Oct 2029) | UPRERAPRJ859279/04/2025 |
| Eldeco Solano Gardens | New Jail Road | Villas & Plots | 52+ acres | Under construction (est. Jul 2030) | UPRERAPRJ416310/01/2026 |
| Eldeco City (township) | IIM Road, Mubarakpur | Integrated Township | 133 acres, 2.75 mn sq ft | Completed / inhabited | — |
