Eldeco Latitude 27, Lucknow (IIM Road) — ₹278 Crore Project Expected to Enter Operations in FY27/FY28
New Lucknow Project Disclosed in Earnings Call
Eldeco Housing and Industries Limited, a Lucknow-based real estate player, announced their Q4 and full-year results ended March 31, 2026 on May 25, 2026. During the earnings call held on May 26, 2026, the company's senior management disclosed details of an upcoming residential project, Eldeco Latitude 27, located on IIM Road in Lucknow.
Project Scale and Timeline
Eldeco Latitude 27 is valued at ₹278 crore and is expected to enter operations (begin construction activities leading toward completion) during fiscal year 2027 or early fiscal year 2028. The project has not yet been formally listed in the company's active portfolio, indicating it remains in pre-launch or planning phases.
Location and Specifications
The project comprises 5 towers offering 2, 3, and 4 BHK premium residences with fresh air and bright natural light. The site is within walking distance from the Indian Institute of Management and other educational institutions.
The project holds RERA registration number UPRERAPRJ382100, indicating regulatory approval and compliance oversight from the state authority. It is located walking distance from the Indian Institute of Management, and other educational institutes like Maharshi Vidya Mandir, Central School and Bal Bharti School.
Amenities and Design
The project offers modern amenities including a clubhouse, swimming pool, party hall, double height entrance lobby, robust multi-tier safety measures, yoga zone, kid's play area, senior citizen deck, gym, pet park, dedicated parking space, sports area, 24/7 water and power supply, power backup and modern elevators.
The integration of sustainable elements includes energy-saving methods, rain-water harvesting and on-site garbage management.
IIM Road Market Context
IIM Road is a fast-growing residential locality in Lucknow that is gaining popularity among property buyers, with various builders launching new projects to cater to growing property demand. The location benefits from connectivity to Sitapur Road and Hardoi Road, with access to major highways including NH 30 and Lucknow Sitapur Road.
Developer's Growth Pipeline
Eldeco achieved record bookings in FY26 with a booking value of ₹744 crores, up 120% year-on-year, and expanded its growth pipeline by adding ₹2,000 crores of gross development value through three prime land parcels in Lucknow.
The company was founded in 1985 and is based in Lucknow, Uttar Pradesh. The group has established itself as a prominent player in the North Indian real estate market, building a strong presence in various regional cities including Lucknow, Noida, Kanpur, Greater Noida, and other NCR cities.
Recent Project Performance
The company's recent launch, Solano Gardens, was highly successful, with 343 out of 433 units sold, translating into bookings of over ₹384 crores. This track record suggests strong market demand for Eldeco's developments in Lucknow.