Lucknow: The Lucknow Development Authority (LDA) revised payment terms for its Atal Nagar housing scheme, offering buyers a 10-year instalment plan with a reduced interest rate.The interest rate has been lowered from 9% to 7%, while the repayment period has been extended from seven years to 10 years, divided into 120 monthly instalments.Located in Devpur Para, the scheme comprises 2,496 flats across 15 towers ranging from 12 to 19 floors. Unit sizes range from 30 sqm to 54.95 sqm, with prices starting at around Rs 9.83 lakh.The registration is open for 630 unsold units between April 18 and May 17, 2026. These include 539 one-bedroom (1 BHK) and 91 two-bedroom (2 BHK) flats. Applications can be submitted online through the LDA website.LDA vice-chairperson Prathamesh Kumar said the new policy takes immediate effect. The registration fee is Rs 55,658 for 1 BHK and Rs 1,00,852 for 2 BHK units, refundable if no allotment is made.
