• Average capital appreciation across Tier II cities: 17.6%, outpacing Delhi’s 15.7%. (Moneycontrol, Business Standard)
• Lucknow posted a substantial 22.61% year-on-year growth, closely trailing Kanpur’s 24.53%. (Business Standard, Outlook Money)
• In Northern India specifically, Lucknow’s 23.70% YoY appreciation—with prices averaging around ₹6,880 per square foot in Q2 2025. (Moneycontrol)

PropEquity Q1 2025 Data: Lucknow Sets the Pace

• Despite an 8% dip in unit sales across Tier II cities in Q1 2025, the value of homes sold rose by 6%. (The Times of India, Outlook Money, The Economic Times)
• Lucknow bucked the trend with a 25% increase in units sold (1,301 units) and a remarkable 48% surge in sales value (₹1,797 crore)—the best performance among the top 15 Tier II cities. (Business Standard)

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Why Lucknow Stands Out

Factor	Explanation
Affordability	At ~₹6,394 psf (compared to Delhi’s ₹18,618 psf), Lucknow remains accessible yet high-growth. (Business Standard, Outlook Money)
Infrastructure & Demand	Rapid urban development, infrastructure projects, and rising demand are major growth enablers.
Market Confidence	Even with fluctuating sales volumes, the significantly increased sales value underscores strong investor optimism.

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Summary

Lucknow is emerging not just as an affordable housing market but as a real estate leader among Tier II cities. With YoY appreciation in the low to mid-20% range and phenomenal Q1 2025 performance, it clearly outpaces many metro areas and continues drawing investor interest.

Let me know if you’d like to explore how this trend is impacting demand in specific neighborhoods like Gomtinagar or the future outlook based on upcoming infrastructure projects like the IT City or Metro expansions!