In a major step towards expanding its presence in India’s real estate market, Emaar India, the Indian arm of Dubai-based Emaar Properties, has announced a ₹400 crore investment in its first premium high-rise residential project in Lucknow. Located in the rapidly developing area of Gomti Nagar Extension, the project, named Elite Oasis, promises to offer top-tier living spaces that combine modern luxury with stunning views of the Gomti River. Aimed at affluent buyers, the project will feature 194 exclusive residential units, setting a new benchmark in Lucknow’s real estate landscape.
Project Overview: Elite Oasis
Emaar India’s Elite Oasis project is set to become a landmark in the city’s luxury housing sector. Here’s a closer look at the project:
- Location: The project is situated in Gomti Nagar Extension, one of the most sought-after localities in Lucknow. It is strategically located with easy access to major transport hubs: 17.7 km from Lucknow Airport and 10.2 km from the Gomti Nagar railway station.
- Project Size and Units: Spread over an expansive 2.923 acres, Elite Oasis will feature 194 residential units, offering two types of configurations:
- 3BHK + U (₹2.75 crore to ₹2.90 crore)
- 4BHK + U (₹3.87 crore to ₹4.15 crore)
- Investment and Revenue Expectations: The total investment for the development is ₹400 crore, with an expected revenue generation of ₹650 crore.
- Amenities: The project will boast world-class amenities including a modern clubhouse with 2870 sq m (30,892 sq. ft.) of built-up area, perfect for social and recreational activities. Additionally, residents will enjoy panoramic views of the Gomti River and the nearby Gomti Greens.
- Target Audience: Aimed at buyers seeking premium living spaces, Elite Oasis is designed to cater to the luxury market in Lucknow. The pricing of units is aligned with the aspirations of the city’s growing elite population.
Quote from Emaar India CEO, Kalyan Chakrabarti
“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 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,” said Kalyan Chakrabarti, CEO of Emaar India.
Key Highlights
| Feature | Details |
|---|---|
| Project Name | Elite Oasis |
| Location | Gomti Nagar Extension, Lucknow |
| Total Investment | ₹400 Crore |
| Expected Revenue | ₹650 Crore |
| Number of Units | 194 Units (3BHK and 4BHK options) |
| Price Range | ₹2.75 crore to ₹4.15 crore |
| Size of Units | 3BHK + U, 4BHK + U |
| Project Area | 2.923 Acres |
| Key Amenities | Modern Clubhouse, Panoramic Views of Gomti River and Greens |
| Distance to Airport | 17.7 km |
| Distance to Railway Station | 10.2 km |
Why Elite Oasis Is a Game-Changer for Lucknow’s Real Estate
Lucknow, traditionally known for its rich heritage and culture, is experiencing a wave of modern real estate developments aimed at providing a more cosmopolitan lifestyle. Emaar India’s entry into the city with Elite Oasis marks a significant milestone in this transformation. The project is set to redefine the luxury living standard in the city, offering buyers not only a high-quality residential experience but also a lifestyle steeped in comfort and luxury.
Frequently Asked Questions (FAQ)
1. What is the investment amount for the Elite Oasis project?
The total investment for the Elite Oasis project by Emaar India is ₹400 crore.
2. What are the unit configurations available in Elite Oasis?
Elite Oasis offers two types of configurations: 3BHK + U and 4BHK + U units.
3. What is the price range of units in the Elite Oasis project?
The price range for the units in Elite Oasis is between ₹2.75 crore to ₹4.15 crore, depending on the configuration.
4. Where is the Elite Oasis project located?
Elite Oasis is located in Gomti Nagar Extension, Lucknow, offering easy access to the Lucknow Airport (17.7 km) and Gomti Nagar Railway Station (10.2 km).
5. What amenities will Elite Oasis offer to its residents?
The project will feature a modern clubhouse, expansive recreational areas, and stunning views of the Gomti River and Gomti Greens.