UP Housing Board Sets New Record with Rs 1,168 Crore E-Auction
On Vijayadashami (Dussehra), the Uttar Pradesh Housing and Development Board achieved a historic milestone in the state’s real estate sector. A mega e-auction held on September 30 offered 992 properties — 391 residential and 601 non-residential — across key cities and districts, including Lucknow, Kanpur, Agra, Aligarh, Moradabad, Ghaziabad, and Kasganj.
These properties included commercial and residential plots, institutional plots, group housing, and IT city plots. The auction, conducted online via a transparent digital portal, is expected to generate revenue of over Rs 1,168 crore. Investors enthusiastically participated, placing competitive bids, reflecting growing confidence in the Yogi Adityanath government’s transparent policies and the favourable investment climate in UP.
The registration process was facilitated through a digital auction portal, starting on September 18, 2025. The proceeds will be used by the Board to develop new housing projects, improve infrastructure, and provide affordable housing to citizens. Officials said the auction sets a new benchmark in UP’s real estate sector and reinforces the state’s commitment to economic growth and self-reliance.
The success of this mega e-auction demonstrates the popularity and trust in government projects and highlights Uttar Pradesh as a safe and reliable investment destination. The achievement, coinciding with Vijayadashami, is a testament to the Yogi government’s focus on transparent governance, investor confidence, and economic development.
This milestone not only bolsters the state's financial health but also paves the way for future developments in the real estate sector. The Uttar Pradesh Housing and Development Board has been a key player in driving urban development, and this e-auction is a significant step towards achieving the state's vision of inclusive and sustainable growth.
