Eldeco Housing and Industries Ltd. (EHIL) was incorporated in 1985 and has since held a sustained market position in Lucknow — Uttar Pradesh's capital and one of North India's fastest-growing cities. EHIL is listed on the Bombay Stock Exchange and has maintained an uninterrupted dividend-paying record since inception, a distinction that sets it apart from most developers in the region. At a group level, Eldeco has delivered more than 200 projects across 20 cities in North India, with an aggregate delivered area exceeding 60 million sq ft and over 30,000 customers served. That breadth — spanning integrated townships, high-rise condominiums, industrial estates, malls, and office buildings — is matched by a depth of operations in Lucknow that few developers can claim.
The group operates through two primary entities: EHIL, which focuses on Lucknow and Kanpur, and Eldeco Infrastructure and Properties Ltd. (EIPL), established in 2000 for Delhi-NCR and wider North India. In Lucknow, the group has developed projects across Sisandi Road, IIM Road, Bijnor Road, Raebareli Road, and Vrindavan Yojana, as well as multiple phases within Eldeco Udyan itself. This concentration within one city over four decades means the group has built, sold, and maintained entire residential environments here — not arrived to launch a single tower and move on.
Eldeco Udyan 2 is not merely a locality name on a postal address — it is a township that Eldeco itself developed. Situated off Amar Shaheed Path, with Bijnor Road on one side and Raebareli Road on the other, the 200-acre fully inhabited township forms a self-contained residential environment within Sharda Nagar. Completed phases inside Udyan 2 include Eldeco Samridhi, a villa development on Raebareli Road, which sits within this same township. Neighbouring sub-localities such as South City, Shaheed Nagar, and Shital Khera abut the perimeter.
The township's location gives it direct access to three arterial roads: Amar Shaheed Path (which connects to Lucknow's Outer Ring Road), Raebareli Road, and the Bijnor Road corridor leading to Chaudhary Charan Singh International Airport. The airport is approximately 7 km away via Bijnor Road. Utrahtia Junction railway station sits roughly 2 km from Eldeco Udyan 2 via NH-30, while the Lucknow metro's Chaudhary Charan Singh International Airport station and Krishna Nagar station provide additional transit links. SGPGI — Sanjay Gandhi Post Graduate Institute of Medical Sciences — is among the key healthcare anchors reachable within minutes, as is Medanta Super Specialty Hospital.
Eldeco Hanging Gardens is sited at Sector 4, Raksha Khand, GH-2, opposite Rajvansh Apartments within Eldeco Udyan 2, Sharda Nagar. It is Eldeco Housing and Industries Ltd.'s active launch within this township, offering 3 BHK apartments off Amar Shaheed Path. The project is RERA-registered under UP RERA with registration number UPRERAPRJ330066/04/2025, and is expected to be delivered by January 2032.
The apartments are air-conditioned and designed with cross-ventilation in mind, with wide balconies oriented toward the landscape. Community amenities include a gymnasium, swimming pool, landscaped gardens, jogging track, children's play area, multipurpose courts, yoga and meditation zones, and a fully equipped clubhouse with round-the-clock security. Prices for 3 BHK apartments start from approximately ₹1.30 crore. The project has received home loan approvals from major banks including HDFC, SBI, and ICICI.
The name itself reflects a specific design intent: vertical gardens and green integration woven into the building's architecture, not added as an afterthought. For a township that already sits amid open spaces and a natural lake, this approach reinforces Eldeco Udyan 2's residential character rather than working against it.
Developers typically launch new projects in zones where they have confidence in both demand and infrastructure readiness. Eldeco's decision to bring a fresh launch to Eldeco Udyan 2 — a township it has operated within for decades — reflects several converging factors.
Sharda Nagar is the administrative locality that frames Eldeco Udyan 2 on the civic map. Apartment prices in Sharda Nagar have appreciated approximately 9.2% year-on-year according to 99acres data, with current per-square-foot rates for apartments in the area indexed around ₹8,350 per sq ft by some platforms — reflecting the premium attached to gated, developed societies within the locality rather than the wider neighbourhood average. The locality is noted for good public transport availability, proximity to markets at walkable distance, and a safety rating of 4.2 out of 5 among residents. Schools accessible from within Udyan 2 include Delhi Public School (DPS Eldeco), The Millennium School, and Central Academy School.
The Raebareli Road and Shaheed Path access from Udyan 2 also connects residents to Babasaheb Bhimrao Ambedkar University (approximately 4 km via Bijnor Road), adding educational infrastructure relevant to families. For healthcare, SGPGI is reachable in approximately 5 minutes by road, alongside Corpus Multispeciality Hospital and Medanta.
For any buyer evaluating a project with a January 2032 possession date, the developer's delivery history is a material consideration. EHIL's BSE listing and its uninterrupted dividend record since 1985 provide a degree of financial transparency uncommon in the developer segment. The group's co-investment platform formed with HDFC Capital, and its history of providing successful exits to FDI and private equity partners, point to an institutional-grade governance structure behind what is operationally a Lucknow-rooted business.
At Eldeco Udyan 2 specifically, the group is operating on home ground — a township it planned, built, and has continued to develop across multiple product types. Eldeco Samridhi (independent villas), Eldeco Saksham, and Eldeco Sanskriti Enclave are among the completed or active projects within or adjacent to Udyan 2 and the Sharda Nagar zone, each representing a different residential format delivered by the same developer within the same geography. Eldeco Hanging Gardens is the current addition to that sequence.
