UP RERA Approves 15 New Real Estate Projects Worth Rs 2,434 Crore

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has given the green light to 15 new real estate projects across eight districts of the state, with a total estimated investment of Rs 2,434 crore. This significant move is expected to boost the real estate sector by promoting transparency, accountability, and balanced growth in Uttar Pradesh.

The decision was made during the 187th Authority meeting held at the UP RERA headquarters, chaired by Sanjay Bhoosreddy, the Chairperson of UP RERA. The meeting was attended by several senior officials. The approved projects will collectively comprise 3,043 flats, 98 plots, and 50 shops, reflecting a balanced mix of residential and commercial developments.

District-wise, the projects are distributed as follows: three projects each in Lucknow and Shahjahanpur, two each in Mathura, Moradabad, and Ghaziabad, and one project each in Hapur, Noida, and Jhansi. This wide geographical distribution highlights the growing real estate potential in various parts of the state and underscores UP RERA’s commitment to regionally inclusive development.

Shahjahanpur has recorded the highest number of project clearances in this meeting, with three approved projects. The district is 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.

Moradabad, known for its brass industry, is 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, renowned for its religious and cultural heritage, has received approval for two residential projects. These developments are designed to meet the growing demand for tourism, pilgrimage, and local housing, 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, further strengthening the region’s economic framework. Both districts, being part of the National Capital Region (NCR), are already preferred destinations for investors, ensuring faster execution of these projects.

The investment of Rs 2,434 crore across these 15 projects will significantly contribute 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. This development is a significant step towards a more robust and reliable real estate market in Uttar Pradesh.