The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 12 new real estate projects across six districts, involving an estimated investment of ₹1,663.85 crore, according to an official statement. The projects, approved at UP RERA's 214th authority meeting chaired by its chairman Sanjay Bhoosreddy on Tuesday, will comprise 3,090 residential and commercial units. The authority emphasized the importance of adherence to regulations and timely project completion, safeguarding homeowners' interests.
Lucknow accounts for the highest investment and the largest number of units, with four projects involving an estimated investment of ₹609.35 crore and 1,972 residential units. The projects include two residential, one commercial and one mixed-use development. Ghaziabad follows with three residential projects involving ₹605.06 crore and 574 residential units, while Hapur has two residential projects with an estimated investment of ₹123.45 crore and 192 units.
Ayodhya, Prayagraj and Kanpur have one project each. The Ayodhya project involves ₹72.61 crore and 85 residential units, the Prayagraj project ₹51.66 crore and 109 units, and the Kanpur project ₹201.72 crore and 158 units. UP RERA stated that the projects would boost construction activity and create opportunities in allied sectors such as construction materials, engineering and transport.
Chairman Sanjay Bhoosreddy emphasized that transparent and systematic development of the real estate sector, along with timely approval and monitoring of projects, remained a priority for the authority. The authority stated it would focus on ensuring compliance with the RERA Act, timely completion and protection of homebuyers' interests. These approvals substantially enhance the real estate landscape across multiple districts in Uttar Pradesh.
