UP RERA Approves 15 New Projects Worth Rs 2,434 Crore to Boost Real Estate Sector
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 15 new real estate projects across eight districts of the state, with a total estimated investment of Rs 2,434 crore. This significant development marks another step towards promoting transparency, accountability, and balanced growth in Uttar Pradesh’s real estate sector.
The decision was taken during the 187th Authority meeting, held at the UP RERA headquarters under the chairmanship of Sanjay Bhoosreddy, Chairperson of UP RERA. The meeting was attended by many senior officials. The approved projects will together comprise 3,043 flats, 98 plots, and 50 shops.
District-wise, three projects each have been approved in Lucknow and Shahjahanpur, two each in Mathura, Moradabad, and Ghaziabad, and one project each in Hapur, Noida, and Jhansi, making a total of 15. Most of the approved projects are residential, while commercial projects have been sanctioned in Moradabad, Ghaziabad, and Hapur. This balanced spread underscores the growing real estate potential in various parts of the state and highlights UP RERA’s focus on regionally inclusive development.
With three approved projects, Shahjahanpur has recorded the highest number of clearances in this meeting. The district is fast emerging as a promising real estate destination, with the new residential projects expected to provide improved housing facilities and generate new opportunities for employment and business.
Famous for its brass industry, Moradabad is now transforming into a hub of modern urban development. The city has received approval for two projects, including one residential and one commercial. These projects will introduce contemporary apartments, shopping complexes, and office spaces, enhancing the city’s urban landscape and contributing to job creation and local economic growth.
The holy city of Mathura, known for its religious and cultural heritage, has received approval for two residential projects. These developments are designed keeping in view the growing tourism, pilgrimage, and local housing demand, and will add momentum to the city’s modern housing infrastructure.
The commercial projects sanctioned in Ghaziabad and Hapur will boost business and industrial growth in western Uttar Pradesh. They include modern commercial buildings, office complexes, and retail spaces that will further strengthen the region’s economic framework. Being part of the National Capital Region (NCR), both districts are already preferred destinations for investors, ensuring faster execution of these projects.
The investment of Rs 2,434 crore across these 15 projects will contribute significantly to Uttar Pradesh’s GDP and generate thousands of direct and indirect employment opportunities. The projects will also stimulate growth in allied sectors such as cement, steel, tiles, paints, electricals, furniture, transport, and financial services.
This wide geographical distribution reflects that real estate development in Uttar Pradesh is now expanding beyond major urban centers and reaching emerging districts across the state. On this occasion, the chairman Sanjay Bhoosreddy said, “The 15 projects approved in the 187th Authority meeting reflect the balanced and widespread growth of Uttar Pradesh’s real estate sector. The investment of Rs 2,434 crore will not only strengthen the construction industry but also propel the state’s economy and employment opportunities to new heights.”
UP RERA’s transparent review system ensures that every project complies with regulations, thereby safeguarding homebuyers’ interests and sustaining investor confidence.
