Asharfabad
Avg. Rate
₹ 4,349/sq. ft
Locality Rating
6.3/10
Asharfabad is a developing locality situated in Lucknow, within the district of Lucknow, and is primarily recognized as a residential area. The locality accommodates a population of 13,894 residents within its predominantly residential setting. Property prices in the area currently stand at ₹8,150 per sqft as of October 2025, having experienced a significant growth of 226.0% since January 2011 when prices were ₹2,500 per sqft. This substantial price appreciation highlights strong investment potential for buyers looking at the long-term value of the area. Homebuyers and investors alike would benefit from living or investing here due to this consistent and impressive historical price growth. Overall, Asharfabad offers a promising market outlook for those seeking residential opportunities in Lucknow.
Region
Asharfabad
City
Lucknow
District
Lucknow
State
Uttar Pradesh
Pincode
226003
Population
13,894
Schools
5
Nearest Airport
Chaudhary Charan Singh International Airport (LKO)
Neighbourhood Insights by
The Good
Healthcare infrastructure near Asharfabad adds measurable quality-of-life value for senior citizens and families with young children
Reputed CBSE and ICSE schools within 2-3 km of Asharfabad make it a first-choice address for education-conscious families across income segments
Asharfabad's commercial density reduces vehicle dependency for everyday errands and drives footfall that reinforces residential property values
The planned LMRC Phase 2 extension near Asharfabad is expected to substantially boost price discovery and end-user demand on completion
Balanced demand-supply dynamics in Asharfabad have delivered steady 8-12% annual capital appreciation over the last three years
The Bad
School-zone drop-off and pick-up activity in Asharfabad creates sharp but predictable congestion on internal roads during weekday morning and afternoon hours
Parking scarcity is among the most cited infrastructure complaints in Asharfabad, especially in blocks close to commercial zones and school gates
Aurum Price Index for Asharfabad
Normalized to 100 · Oct 2020 baseline
Timeline
Aurum Price Index is based on 10 parameters:
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Rates and Trends
Timeline
Average Rate
₹ 4,349/sq. ft
Average Price Range
₹ 1,300 – 13,450
Trend (5Y)
▲ 96.4%
Nearby Neighborhoods
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Frequently Asked Questions
The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in
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