The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) approved 13 real estate projects worth ₹2,380.04 crore across six districts during its 212th and 213th meetings. According to reports from PTI, the approvals were granted at the UP RERA headquarters and were chaired by its chairman, Sanjay Bhoosreddy. The projects are expected to lead to the construction of 4,724 residential and commercial units throughout the state.
Barabanki emerged as the highest investment destination with two residential projects worth ₹751.42 crore and 591 residential units. As reported by PTI, Lucknow leads in unit count with a single residential project involving an investment of ₹385.76 crore and 1,392 units. In Ghaziabad, three projects including two commercial and one residential received approval with an estimated investment of ₹286.27 crore and 864 units. Gautam Buddh Nagar (Noida) received approval for one residential and one commercial project involving estimated investment of about ₹186 crore and 564 units.
According to PTI reports, projects worth approximately ₹500 crore were approved in Noida and Ghaziabad combined. Varanasi received approval for three residential projects involving estimated investment of ₹750.24 crore and 1,189 units. Agra was approved for two residential projects involving estimated investment of ₹20.35 crore and 124 units. The regulator emphasized that these approvals would expand residential and commercial facilities in the state and accelerate construction activity.
As reported by PTI, UP RERA stated that the proposed investment of ₹2,380.04 crore will increase activity in the construction sector and benefit construction material, transportation, engineering and related sectors. The authority expects the projects to create direct and indirect employment opportunities and boost economic activity at the local level. UP RERA attributed the growth in real estate activity partly to the state government's investment-friendly policies and simplified procedures aimed at promoting housing, urban development and investment.
