UP Real Estate Boom: Investments Surge 53% to Rs 69,000 Crore in 2025

Investments in Uttar Pradesh’s real estate sector have surged by 53% to Rs 69,000 crore in 2025, reflecting a growing interest from developers across the country. UP RERA Chairman Sanjay R Bhoosreddy announced this at the ICC Real Estate Summit 2026 held in the national capital.

Bhoosreddy highlighted the sharp rise in investments over the past three years. In 2023, the investment in the real estate sector was Rs 29,000 crore, which increased to Rs 45,000 crore in 2024, and further to Rs 69,000 crore in 2025. The surge in investments has been accompanied by a rise in project approvals. UP RERA approved 308 real estate projects in 2025, which is about 20% higher than the 259 projects sanctioned in 2024. In comparison, 197 projects were approved in 2023.

Construction activity has also seen a significant boost. The number of housing units constructed stood at around 25,500 units in 2023, rising to between 65,500 and 70,000 units in 2024, and further to about 85,000 units in 2025. Bhoosreddy attributed this rise in investments to growing confidence among developers, including firms from South India, Maharashtra, and Karnataka, along with large national companies.

He added that UP RERA offers faster approvals, with a minimum timeframe of four days and a maximum of 30 days for registration if all details are provided. Real estate development is expanding beyond the Delhi-NCR region, with growing interest in cities such as Agra, Varanasi, Prayagraj, Ayodhya, Kanpur, and Gorakhpur. The most expensive land rate in Ayodhya has reached Rs 1 lakh per square foot, he noted.

Highlighting the sector’s economic role, Bhoosreddy said the next two decades would belong to real estate in terms of accelerating national and state GDP growth. Meanwhile, ICC Director General Rajeev Singh noted a structural shift in demand towards luxury and amenity-rich housing, driven by higher incomes and changing lifestyles.