First-Come, First-Served Sale Opens in Jankipuram Sector 3; Ideal for Budget Buyers and Investors
The Lucknow Development Authority (LDA) has launched one of its most affordable housing initiatives under the Aashray Homes project, located in Jankipuram Sector 3. The development offers ready-to-move 1BHK flats priced at just ₹13.06 lakh, targeting lower and middle-income homebuyers seeking an affordable option within city limits.
Situated close to the back gate of Lucknow University’s new campus, the project boasts a prime central location with excellent connectivity. Educational institutions such as the Engineering College, City Montessori School (CMS), Jaipuria School, and IT College are nearby, while Sitapur Road and Kursi Road provide direct city access. The area features wide 50–60 ft roads, green spaces, and established residential surroundings.
LDA officials stated that these units were initially available under a lottery-based allotment system. The remaining unsold flats are now being sold on a First Come, First Served basis. Over 700 to 800 flats have already been booked across Lucknow in the past month under this scheme, indicating strong demand for affordable properties.
Each flat at Aashray Homes measures around 30 square metres (approximately 330 sq ft) and comes with all essential amenities. Buyers can book their unit with a payment of ₹65,000, following which an allotment letter will be issued within 20–25 days. The remaining payment must be completed within 45–90 days. Home loan assistance is available through recognized financial institutions.
Officials and agents associated with the project highlighted its high construction quality, gated environment, and convenient location. The project offers a complete residential experience with access to parks and other essential facilities. Despite its low price, the development maintains LDA’s quality standards and legal assurance.
The project also offers attractive rental potential, with estimated monthly rent ranging between ₹10,000 and ₹15,000. Experts suggest that the flats present a strong investment opportunity for individuals looking for rental income or long-term capital growth.
With limited inventory remaining, LDA has urged interested buyers to visit the site and secure their bookings at the earliest. All units are legally approved and developed under the direct supervision of the authority.
Project Name: Aashray Homes
Developer: Lucknow Development Authority (LDA)
Location: Jankipuram Sector 3, Lucknow
Flat Type: 1BHK (Approx. 30 sq. m / 330 sq. ft)
Price: ₹13.06 lakh
Booking Amount: ₹65,000
Allotment Period: 20–25 days after booking
Payment Schedule: 45–90 days after allotment
Loan Facility: Available through approved banks
Sale Mode: First Come, First Served
Rental Potential: ₹10,000–₹15,000 per month