Eldeco Group traces its origins to 1975, when it was founded in Agra by S. K. Garg to undertake real estate and construction work across Uttar Pradesh.
The Eldeco group was founded in 1975 in Agra by Mr. S K Garg to professionally undertake real estate and construction projects, with a vision to excel on the ideals of timely delivery, ethics in business and transparency. The group's listed arm, Eldeco Housing and Industries Ltd (EHIL), went public in 1985, and it established a strong presence in Lucknow by developing, among others, a large land parcel in joint development with the Lucknow Development Authority, one of the first instances of Public Private Partnership in the country. That early PPP experience with LDA is directly relevant to Prabandh Nagar, since the Prabandh Nagar Yojana is a major urban development project initiated by the Lucknow Development Authority along IIM Road, roughly 15 km from the city centre, accessible from Hazratganj, Kaiserbagh and Gomti Nagar.
Within this LDA-planned locality, Eldeco's own IIM Road township, Eldeco City, has become the developer's most concentrated cluster of delivered and ongoing work in Prabandh Nagar. Eldeco City is an exclusive 133-acre township with plots, villas, apartments and commercial space within the secured environs of a gated community, marked by a grand entrance, spacious wide roads, large green parks and convenient shopping zones and schools. It sits on IIM Road close to premium residential hubs such as Jankipuram, Aliganj and Vikas Nagar. Over successive phases the developer has added Eldeco City Villa, Eldeco City Breeze, Eldeco Townee, Eldeco Latitude 27, Eldeco Skywalk and, most recently, Eldeco Twin Towers to this same township footprint, giving repeat buyers in the area a continuous track record to evaluate rather than a one-off launch.
Eldeco Twin Towers on IIM Road, Lucknow, is an under-construction housing society by Eldeco Group, offering 2 and 3 BHK apartments with amenities like a swimming pool, badminton court, and 24x7 security. The project spans 2 towers and 12 floors, is RERA-registered (UPRERAPRJ639751), and is set for possession by June 2027. The two towers carry a mythological naming convention consistent with Eldeco's other IIM Road launches: the twin towers are named Artemis and Apollo, after the famous twins from Greek mythology. Being located within the well-developed Eldeco City Township, the project offers infrastructure, green spaces, and proximity to landmarks like Maharishi University and medical centres already in place.
The immediate neighbourhood carries the same academic and institutional anchors that Eldeco has referenced across its IIM Road launches: walking distance from the Indian Institute of Management, and other educational institutes like Maharshi Vidya Mandir, Central School and Bal Bharti School. For a buyer, this means Eldeco Twin Towers is not an isolated new project but an addition to a township the developer has been building out on IIM Road for years, with schools, a club and green cover already functioning around it rather than promised for the future.
Prabandh Nagar's road network is what makes an Eldeco City address on IIM Road practical for daily commuting. Residents get easy access to NH-30 for connectivity to Vikas Nagar, while Lucknow-Sitapur Road links the belt to Hazratganj, a major commercial hub, and Sitapur Road connects onward to Lucknow Junction Railway Station. NH-731 gives access to Chaudhary Charan Singh International Airport. Independent locality data corroborates the airport link, noting airport connectivity at 28 minutes enhances accessibility for the IIM Road belt.
Social infrastructure around Eldeco City is dense rather than sparse. The stretch has strong social infrastructure, with 13 schools, 14 hospitals, and 19 malls within 5 km supporting sustained demand. On the ground, IIM Lucknow, Maharishi University of Information Technology, and Bal Bharti School sit on the same stretch, alongside Bright Hospital and Trauma Centre, Altis Hospital, and Medisure Hospital. This concentration of institutions is a direct outcome of the LDA's planned Prabandh Nagar Yojana and Eldeco's own township development running alongside it.
Prabandh Nagar remains an accessible entry point relative to more established Lucknow micro-markets. The buying price of a 2 BHK property in Prabandh Nagar ranges roughly Rs 32.5 lakh to Rs 60 lakh, while a 3 BHK typically costs around Rs 44 lakh to Rs 75 lakh. On a per-square-foot basis, the wider IIM Road corridor that Eldeco City anchors has been appreciating steadily: apartments on IIM Road average around Rs 6,800 per square foot, with year-on-year price growth of about 17.2 percent for the locality overall, and Eldeco Latitude 27 specifically posting 21.4 percent year-on-year growth. A separate locality read puts the three-year trajectory at solid 23.8 percent growth over 3 years with average price at Rs 6,250 per square foot, indicating moderate appreciation potential, alongside a rental yield of 3.79 percent. For a buyer comparing new supply, it is also worth noting that the absence of other RERA-registered projects in some readings of this stretch suggests a limited new supply pipeline, which keeps Eldeco's own launches, including Twin Towers, relatively distinct in the immediate market.
Prabandh Nagar is one node in a much larger Eldeco portfolio. Eldeco Housing and Industries Ltd, incorporated in 1985, has been the market leader in Lucknow for over three decades, is listed on the Bombay Stock Exchange, and has an uninterrupted dividend-paying record since inception. Across its operating companies, the Group has delivered 200 projects across 20 cities in North India spanning integrated townships, high-rise condominiums, industrial estates, malls and office buildings, with 30 more projects in active execution, an aggregate delivered area of more than 60 million square feet, and over 30,000 customers. Beyond 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. Within Lucknow itself, the developer's active portfolio beyond Prabandh Nagar includes Eldeco East End on Bijnor Road and Eldeco Shaurya Arcade, also on Bijnor Road, giving the Group a spread across the city's northern and western growth corridors in addition to its long-standing IIM Road base.
