Eldeco's 80% Sold Latitude 27 Update: What Lucknow Buyers Should Check Now

Eldeco Says Latitude 27 Is 80% Sold; Lucknow Buyers Should Check These Points Before Booking

Eldeco Housing and Industries, the listed arm of Eldeco Group, told investors on its Q2 FY27 earnings call that Latitude 27 in Lucknow is about 80% sold. The company also said the villa and plot component of Solano Gardens on New Jail Road has sold out. Both projects are in Lucknow, and buyers still have choices across the city, though inventory and pricing differ sharply between them.

The story

The update came on the company's earnings call, with figures reported on 10 November 2026. Management said Latitude 27 has reached 80% sales, with Hanging Gardens at a similar level. Skywalk on IIM Road was reported at about 40% sold after its launch earlier this year, and Trinity was close to 50% sold. For Solano Gardens, the villa and plot component sold out within weeks in the last quarter of the previous year. Remaining Solano Gardens inventory of about 2.88 lakh square feet is being discussed, and management said much of it could move to allotment in the next quarter, though no firm date was given. Company-wide weighted average realisation for Q2 FY27 stood at ₹7,840 per sq ft, up from ₹6,069 per sq ft a year earlier. These sales percentages are management's own statements, and the projects are at different stages of sales, so they cannot be compared like for like.

What This Means If You're Buying

For a buyer looking at Latitude 27, the 80% figure means the most convenient units have already gone. Its configurations run from 2 to 4 BHK with carpet areas of 869 to 1,327 sq ft. The developer's microsite shows a 2 BHK starting from ₹79.82 lakh, while a listing from October 2026 shows a band of ₹95 lakh to ₹1.47 crore. Possession dates also differ: the developer's page shows 2027, while RERA-linked listings point to November 2030. Check the RERA certificate (UPRERAPRJ382100) and the possession clause in the agreement before you commit.

Solano Gardens is a different proposition. It is a 52-acre gated township of villas and plots in Mediterranean style, with plot sizes of about 1,200 to 2,000 sq ft. Its starting price of ₹1.38 crore sits inside the ₹1 to 3 crore band that management identified as Lucknow's demand sweet spot. The sold-out villa and plot component means the remaining land is a future parcel, not an open booking. Its RERA registration is UPRERAPRJ416310/01/2026, and the completion date on different listings ranges from June 2029 to July 2030.

For investors, the more important signal is that Eldeco's booking value rose 7.8% to ₹94.9 crore in Q2 FY27, while area booked fell 16.6%. Prices are rising faster than volumes, which can support resale values but also means entry costs are higher than a year ago.

Synergy Infracon's Take

Our team reads this update as a sign that premium plotted and villa demand in Lucknow is holding up well. Management's claim that the city remains undersupplied matches what we see from buyers asking about the New Jail Road and IIM Road corridors. We agree with the company's view that plots and villas are carrying the price increases. We are more cautious about group housing, where management itself admitted that buyers resist increases beyond a certain point. Expressions of interest and formal allotments are not the same thing, and we advise buyers to ask how many units in any project have been formally allotted. The launch timeline for the next Solano Gardens parcel depends on approvals, and management acknowledged that state elections could slow them. Read the 80% figure as a company statement, not a guarantee of future demand.

What We'd Advise Right Now

• Compare the price per sq ft, not the headline price. Ask for the carpet area in the agreement, since Latitude 27 is quoted on carpet area and listings often mix super built-up and carpet figures.
• Verify RERA details on the UP RERA portal before paying. Confirm the registration number, the possession date and any changes to the approved layout.
• Check connectivity against your daily travel. Solano Gardens is about 4.4 km from Raebareli Road, 12 km from Sultanpur Road, 5.5 km from Mohanlalganj railway station and 20 km from the CCS airport, which is roughly 30 minutes by road. Metro is not immediate, so road travel is the main option.
• Treat Solano Gardens as a waiting-list decision. With the villa and plot component sold out, your realistic options are future allotments or resale units. Ask our team to track any new parcel release.
• Weigh the possession risk against the price gap. If you need a home within two years, a project with a confirmed 2027 timeline is safer than one with a 2030 RERA date, even if it costs more.

Our channel partner team can pull the current availability, compare unit-level pricing and walk you through the RERA documents for either project. Site visits on IIM Road and New Jail Road are the best way to judge the surroundings.

Related Projects We Cover

• Latitude 27, IIM Road, Lucknow: 2, 3 and 4 BHK apartments, about 80% sold per the company's November 2026 update.
• Solano Gardens, New Jail Road, Lucknow: 52-acre villa and plot township, villa and plot component sold out.
• Eldeco Trinity, Gomti Nagar Extension, Lucknow: releasing inventory in a calibrated way, with sales expected over the next two to three quarters.
• Eldeco Skywalk, IIM Road, Lucknow: reported at about 40% sold after its 2025 launch.
• Eldeco Hanging Gardens, Raebareli Road, Lucknow: reported at a similar sales level to Latitude 27.