The prices in the area range in between Rs 1500 to Rs 2500 per square feet with an average rental of Rs5000 to Rs 6000 for a 2 BHK apartment. I am quite positive that this region is going to be one of the best in Lucknow between five to ten years. You can check out the residential apartments offered by Sahara housing and Eldeco housing project. Both the projects have received good response and offer good value for money deals.
Firstly the whole Trans Gomti region is going to be well developed with modern amenities and state of the art civic infrastructure. With a large number of professionals, the area offers good rental accommodation for residential apartments in the long run.
Hardoi Road also known as IIM Road located in the CIS Trans Gomti region Phase 5 is indeed one of the most well known real estate destinations in Lucknow. The biggest plus point of Hardoi Road is the close proximity to the Indian Institute of Management (IIM). I have invested in the region in en Eldeco housing project and I am quite happy with my investment. I believe the upside can be as much as 15-20% over a period of five years. This is my conservative estimate as a potential fellow investor. Please do take professional advice for the exact figure but overall in medium to long term, Hardoi road has a lot of promise.