UP RERA Approves 16 Real Estate Projects Worth Rs 3,200 Crore

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 16 new real estate projects across nine districts of the state, involving an estimated investment of Rs 3,200.16 crore. Lucknow has emerged as the leader in both the number of projects and investment, with six projects accounting for Rs 2,154.69 crore.

The approvals were granted during the 190th meeting of the authority held at the UP RERA headquarters in Lucknow, under the chairmanship of Sanjay Bhoosreddy. According to the UP RERA statement, the approved projects will lead to the development of 3,845 residential, commercial, and mixed-use units across the state.

Lucknow, the capital city of Uttar Pradesh, is the primary contributor with six projects, including two residential, two mixed-use, and two commercial projects, comprising 1,406 units. The total investment in Lucknow is Rs 2,154.69 crore, reflecting the city's significance in the real estate market.

Agra, another prominent city, received approval for two projects with a combined investment of Rs 200.69 crore. These include one residential and one mixed-use project, covering 668 units. Ghaziabad, a key industrial hub, received approval for two commercial projects worth Rs 74.18 crore, involving 210 units.

In other districts, Bareilly was approved for one residential project worth Rs 104 crore with 454 units. Prayagraj received approval for one residential project worth Rs 6.05 crore with 74 units. Aligarh was granted approval for one residential project valued at Rs 77.47 crore with 142 units.

Jhansi received approval for one residential project worth Rs 16.26 crore with 220 units. Mathura-Vrindavan was approved for one residential project worth Rs 50.48 crore with 127 units. Moradabad received approval for one residential project involving an investment of Rs 516.34 crore and 544 units.

The mix of residential, commercial, and mixed-use projects reflects an emphasis on planned and regionally balanced urban development. The approvals in Lucknow and Ghaziabad, particularly in the commercial and mixed-use segments, indicate growing investment activity in urban business hubs.

The authority stated that the total investment of over Rs 3,200 crore is expected to generate substantial direct and indirect employment and boost allied sectors such as construction materials, transport, finance, and services. Bhoosreddy emphasized that the approvals reflect sustained growth in the state's real estate sector.

'The investment of Rs 3,200.16 crore will strengthen the construction ecosystem, create employment opportunities, and ensure the availability of quality housing and commercial infrastructure,' he said. Bhoosreddy added that UP RERA remains committed to transparency, regulatory compliance, and the protection of homebuyers' interests.