The Lucknow Development Authority (LDA) has announced plans to redevelop aging commercial complexes across the city under a public-private partnership (PPP) model, aimed at transforming deteriorating structures into modern, revenue-generating commercial hubs.
According to LDA Vice-Chairman Prathamesh Kumar, registered shopkeepers will be allotted units 1.25 times larger than their current space, ensuring fair compensation and upgraded amenities. In the first phase, five locations have been shortlisted: Kailash Kunj, Priyadarshini Colony (Sector B), Nehru Enclave, Vinay Khand, and Aliganj. Many of these buildings are in critical condition, with structural damage, weakened columns, and falling plaster. “These buildings are on the verge of collapse. We intend to rebuild them entirely to provide safer, better infrastructure for both shopkeepers and the public,” an LDA official stated.
The project will adopt a floor area ratio (FAR) sharing model, where LDA will retain three floors of each newly constructed five-storey complex, while the private developer will be allowed to sell the remaining two. Importantly, consent from all existing shopkeepers is required prior to commencement.
In addition to commercial complexes, LDA is also exploring redevelopment of community centres and plans to utilise setback and vacant land more efficiently. The draft redevelopment policy is currently under review, and tenders will be issued shortly.
News by Rahul Yelligetti.