If we talk about commercial land for rent in Lucknow, then it can be divided into four categories.
1. Commercial Land by Lucknow Development Authority - The commercial land which is allotted by lDA, specification is given in it. What can you make of this when this land is alloted by LDA, it is specified that you can build a shopping complex or build a hospital or school on it. The cost of land allotted by LDA is also high. Whose money is given to the LDA in installments?
2. Allotment of commercial land by Avas Vikas - In the commercial land for rent allotted by Avas vikas , most of ten apartments or commercial complexes are made. The plots allotted by housing development range in size from 5000 square meters to 50000 square meters.
1. Commercial land by industrial authority - allotment of industrial land for rent In Lucknow is done by the UP State Development Authority, which is given only for setting up manufacturing units. It is given on a lease of 99 years by the party for which rent is to be paid every year. Such Industrial Zone on Deva Road , Kursi Road , Kanpur Road.
2. Conversion of commercial land by Zilla Panchayat - The commercial land use change by the Zilla Panchayat There is such a land which is on the side of the main road or to build a warehouse or to set up some kind of manufacturing unit.The Zilla Panchayat converts the freehold land according to you and gives a certificate to you after charging a nominal fee.
Price of Commercial land in Lucknow –
If we talk about the price of commercial land, then the rates of the patches made by LDA range from 10000 to ₹ 20000 square feet. The rental of the commercial land with freehold is around ₹6 to 8 rupees square feet. The big companies that take commercial land for rent; they build the yard where those vehicles are parked. Parking yards of many companies are built on Kanpur Road. Like Mahindra, Maruti Suzuki.