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Emaar India enters Lucknow Real Estate with Luxury Project, eyes Revenue worth Rs. 650 Crore

Posted on: 03-06-2025Courtesy: Hindustan Times
By Star Estate
Emaar India enters Lucknow Real Estate with Luxury Project, eyes Revenue worth Rs. 650 CroreEmaar India enters Lucknow Real Estate with Luxury Project, eyes Revenue worth Rs. 650 Crore

Emaar India ventures into the Lucknow real estate market with an exceptional luxury residential project. The company, an Indian branch of a Dubai-based real estate Company, introduces ‘Elite Oasis’, a high-rise residential project in the finest locale of Gomti Nagar, Lucknow.

The project in 2.29 acres offers 3BHK + Utility and 43BHK + Utility in distinguished sizes. With an investment of Rs. 400 crore, these luxury apartments in Lucknow, at a starting price of Rs. 2.75 crore climbs Rs. 4.15 crore.

Emaar India in its statement said, “The total investment for the project is Rs. 400 Crore and the expected revenue is Rs. 650 crore.” Elite Oasis offers a splendorous view of Gomti greens and the Gomti River on parallel sides. A modern Clubhouse of 2870 sq m renders exquisiteness.

Furthermore, the company said, the high-rise residential project offers varied apartments, including 3BHK and 4BHK along with a utility to meet the expectations of distinguished families. The project believed to offer exclusivity, is 10km from Gomti Nagar railway station and 17.7 km from Lucknow airport.

Emaar India’s newly launched residential project has become the talking point of Lucknow real estate news.

Kalyan Chakrabarti, CEO, Emaar India, said, “We are excited to announce the launch of ‘Elite Oasis’. This project stands as a testament to Emaar’s unwavering commitment to providing high-quality living spaces that align with our customers’ needs and uphold the highest design standards. In Lucknow, Emaar India, is going to utilize this expertise to launch our first group housing project for the people of Lucknow, who are aspiring for a world-class lifestyle.”

Tension Erupts between Emaar and Adani Realty amid Talks on Valuation of Emaar India

Adani Realty, the real estate arm of Adani Group, decided not to go forward with the decision to buy Emaar India. The company's red signal comes amid the disagreement about the cost valuation of Emaar India, the Indian arm of Dubai-based real estate company Emaar Group.

Earlier this year, Adani Realty was expected to close the deal at an enterprise value of Rs. $1.4 billion quoted by Bloomberg News. However, the decision came to pause as both companies didn’t agree on the said value.

However, if sailed through the deal, the real estate portfolio of Adani Realty which currently stands at 24 million square feet would have added value of 61 million. The said area is according to the data published on Adani Realty’s website.

Top Residential Projects by Emaar India in Gurugram

Gurugram, the millennium city has not just one but three luxury residential projects by Emaar Group. The company's resonating technology-enabled lifestyle offers Emaar DigiHomes in Sector 62, Gurugram. The voice command control, ambient lighting, and automated drape control enhance the comfort of the best luxury apartments in Sector 62, Gurugram. Complementing the spacious layout is the advanced security and parking system here. Thus, Emaar India offers the best 2BHK and 3BHK apartments in Sector 62 Gurugram.

Emaar Gurgaon Greens in Sector 102 is an urban green sanctuary in the coveted locale of Gurugram. The spectacular view of the skyline and manicured green lawn from balconies make these most popular 3BHK and 4BHK luxury apartments in Gurugram for investment. The sky-scrapping 27 towers with 14 floors overlooking the water body in the premises indulge residents in serenity.

Emaar India crowns Gurugram property market with Emaar Imperial Gardens. This meticulously designed residential project offers luxury 3BHK apartments in Gurugram and highly emphasizes sustainability. The well-positioning of this gated community by Emaar India in Gurgaon, leads residents to varied places in the NCR region in a minimum travel time.

Emaar India’s stepping into the Lucknow real estate market with a luxury residential project is likely to infuse breath in its business proposition.