Eldeco Group was founded in 1975 in Agra by S. K. Garg to professionally undertake real estate and construction projects. What began as a construction firm serving Agra and nearby Uttar Pradesh towns grew, over the next decade, into a publicly listed company. Eldeco Housing and Industries Ltd. (EHIL) went public and was listed on the Bombay Stock Exchange in 1985. The group's two principal operating entities today are EHIL — which has been, for over three decades, the market leader in Lucknow, UP's capital — and Eldeco Infrastructure and Properties Ltd. (EIPL), incorporated in 2000 to professionally undertake projects in the NCR of Delhi.
The Group is synonymous with timely and quality delivery in 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. The aggregate delivered area stands at more than 60 million sq. ft. with over 30,000 satisfied customers. Apart from Lucknow, Kanpur, Agra, Greater Noida, Noida, and Gurgaon, the Group is developing projects in Panipat, Sonipat, Ludhiana, Jhansi, Bareilly, Panchkula, Neemrana, Delhi, Kasauli, Rudrapur, Gorakhpur, Rishikesh, and Jalandhar.
Lucknow is where Eldeco's reputation for large-scale residential development was first tested and proved. The group established a strong presence in Lucknow by developing, among other projects, a 200-acre township in joint development with Lucknow Development Authority — one of the first instances of Public-Private Partnership (PPP) in the country. That early collaboration gave the group an institutional credibility in UP that few private developers could match at the time.
Since 2006, EHIL has concentrated its projects in Lucknow, U.P. The focus has been on the IIM Road corridor in the city's north, where Eldeco has progressively built out what is now called Eldeco City — a self-contained township with multiple residential formats on the same master plan.
Covering more than 133 acres, Eldeco City redefines contemporary life by fusing natural beauty and sustainable design with urban infrastructure. This 133-acre township is strategically located on IIM Road, providing excellent connectivity to nearby areas such as Jankipuram, Aliganj, and Vikas Nagar. The sheer scale of the township means Eldeco controls the neighbourhood's character — the roads, the green buffers, the internal amenity spine, and the sequencing of new phases.
Within this master plan, Eldeco has rolled out multiple distinct product lines over the years: villas and independent floors in the earlier phases, group-housing apartments under names like Eldeco City Dreams and Eldeco City Breeze, and row houses under Eldeco Towne — all addressed to IIM Road. Property values in Eldeco City are steadily rising along with ongoing development in North Lucknow, ensuring strong resale and rental value.
Eldeco Skywalk is part of the inhabited township of Eldeco City, located in the heart of Lucknow. It comprises four towers offering 2/3 BR apartments, blessed with fresh air and filled with natural light. Spanning 3 acres, this complex boasts 4 towers, all 14 floors high, proffering 195 ultra-luxurious 2 and 3 BHK apartments designed to modify your lifestyle.
The project's name references its headline feature. The project introduces a unique 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. This Skywalk Terrace is a beautifully landscaped sky garden that gracefully connects Towers Life 1 and 2.
On the ground plane, Eldeco Skywalk is rich in amenities, including a multipurpose indoor hall, a fully equipped gym, indoor sports zone, kids' play area, open gym, multipurpose court, badminton court, half basketball court, and an amphitheatre for community gatherings. Other facilities include 24/7 water supply, car parking, a clubhouse, fire fighting equipment, a jogging track, a party lawn, rainwater harvesting, and Wi-Fi.
Eldeco Skywalk carries UP RERA registration number UPRERAPRJ859279/04/2025, with a launch date of 11th April 2025. Unit sizes run from 858 sq. ft. to 1,555 sq. ft., covering 2 BHK, 2.5 BHK, 3 BHK, and 3.5 BHK configurations. Pricing starts from approximately ₹75 lakhs for 2 BHK units and goes up to ₹1.90 crore for larger 3 BHK variants. Possession is targeted for October 2029.
The IIM Road corridor derives its appeal from a specific set of demand drivers that are distinct from other Lucknow micro-markets. The area is home to the Indian Institute of Management (IIM) Lucknow, which has fuelled real estate and infrastructural growth in the vicinity. With the presence of IIM Lucknow and other corporate hubs, there is a steady demand for rental properties in the area, especially 2 and 3 BHK units, ensuring a high ROI for investors.
On the physical infrastructure side, residents enjoy easy access to NH-30 for seamless connectivity to Vikas Nagar; Lucknow-Sitapur Road near the residential belt streamlines access to Hazratganj; Sitapur Road acts as a significant link to Lucknow Junction Railway Station; and access to Chaudhary Charan Singh International Airport is easy via NH-731.
Social infrastructure along the corridor is well established. IIM Lucknow, Maharishi University of Information Technology, and Bal Bharti School are on the stretch. Bright Hospital and Trauma Centre, Altis Hospital, and Medisure Hospital are a few hospitals alongside IIM Road. Eldeco Arcade and Prominent Mall are among the shopping complexes close to the housing belt.
On pricing, during Q3 2025, average property prices for Eldeco City Villa moved from ₹5,150/sq. ft. to ₹6,400/sq. ft., reflecting a 24.27% rise. IIM Road as a locality has recorded 8.7% year-on-year price growth. These figures reflect the sustained demand the Eldeco City master plan has itself helped generate over successive phases.
For a buyer considering Eldeco Skywalk, the developer's decades-long presence inside Eldeco City is the single most verifiable proof of delivery. Multiple earlier phases — City Dreams (RERA No. UPRERAPRJ16415), and earlier villa and apartment clusters — have been completed and inhabited within the same township perimeter. Eldeco's legacy and consistent performance offer peace of mind to homebuyers in terms of construction quality, timely delivery, and legal compliance.
EHIL is listed on the Bombay Stock Exchange and has had an uninterrupted dividend-paying record since 1985 — an unusual marker of financial continuity for a real estate developer. A new co-investment platform has also been formed with HDFC Capital, further signalling institutional confidence in Eldeco's pipeline. For a buyer entering a phase that will not be delivered until 2029, that institutional backing and the evidence of completed inventory within the same township address the most common risks associated with under-construction real estate.
Eldeco City is not the only address Eldeco manages in Lucknow. The group has built and sold across multiple city corridors, giving buyers a comparative reference for product quality. Eldeco Shaurya is a residential township situated on Bijnor Road, Lucknow. Eldeco Twin Towers, with apartments named Artemis and Apollo after Greek mythology, is located at IIM Road. Eldeco Elegante is positioned in Vibhuti Khand, Gomti Nagar — a major commercial and residential centre in Lucknow — and offers great connectivity to the entire city. Projects on Amar Shaheed Path, Vrindavan Yojna, and Sisandi Road round out a portfolio that spans both established and emerging belts of the city.
This breadth matters because it means Eldeco has current on-the-ground operations in Lucknow, a local site team, supply-chain relationships, and a resale market made up of its own past buyers — all of which reduce execution risk for anyone buying into a new phase like Skywalk.
