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 by netting Rs 1,168 crore in a mega e-auction, showcasing the state's growing real estate sector and investor confidence.
Real EstateEauctionUttar PradeshHousingInvestmentReal Estate NewsOct 05, 2025
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.
Frequently Asked Questions
What was the total revenue generated from the e-auction?
The e-auction generated revenue of over Rs 1,168 crore.
How many properties were offered in the e-auction?
A total of 992 properties were offered, including 391 residential and 601 non-residential plots.
What types of properties were included in the e-auction?
The properties included commercial and residential plots, institutional plots, group housing, and IT city plots.
When did the registration process for the e-auction start?
The registration process for the e-auction started on September 18, 2025.
What will the proceeds from the e-auction be used for?
The proceeds will be used by the Board to develop new housing projects, improve infrastructure, and provide affordable housing to citizens.
Related News Articles
RERA Cases Weekly Round-Up: Relief for Homebuyers Across India
From refund orders to structural defect rectification
Gurugram Leads Housing Price Surge, Mumbai Lagging Behind
In the last five years, the average price of new housing projects in India’s top 10 cities has surged by 88%, with Gurugram leading the pack at a 160% increase. Mumbai, on the other hand, has seen the lowest rise at 37%. This surge is attributed to massiv
Anant Raj Reports 75% Increase in Net Profit for Q2 FY25
Anant Raj has announced a significant 75% increase in its net profit for the second quarter of the fiscal year 2025. The company also reported a 53.67% rise in its net consolidated total income. This robust growth is a testament to the company's strategic
DLF JV Firm Sells IT Park in West Bengal's Largest Real Estate Deal for Rs 637 Cr
In a significant move, DLF, the country's largest real estate developer by market cap, has completed the sale of an IT park in West Bengal for Rs 637 crore. The deal, involving a joint venture firm, marks one of the largest real estate transactions in the
Eleganz Interiors Files DRHP with NSE Emerge
Eleganz Interiors plans to use Rs 25 crore from the IPO proceeds to repay a portion of its outstanding borrowings, as it files its DRHP with NSE Emerge.
Tata Steel Slapped with Rs 146 Mn Fine for Delay in Stamp Duty Payment
Tata Steel, one of India's leading steel producers, has been penalized with a fine of Rs 146 million by the Maharashtra government for failing to timely pay the stamp duty. The fine, as per the company's exchange filing, highlights the importance of adher