UP RERA Approves Rs 417 Crore for 1,024 New Residential and Commercial Units Across Five Cities

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Thursday (1 January) approved seven new real estate projects with a total investment of Rs 416.94 crore across five cities—Noida, Lucknow, Mathura, Bareilly, and Meerut. The approved projects will add 1,024 residential and commercial units, reflecting continued momentum in the state’s real estate sector.

According to UP RERA, two projects approved in Noida account for a combined investment of Rs 181.36 crore. Both are commercial developments and together will add 298 units. Officials said these projects are expected to strengthen organised commercial activity and enhance Noida’s investment appeal.

In Mathura, the regulatory authority cleared two residential projects with a combined investment of Rs 154.92 crore. These developments will deliver 565 residential units and are aimed at supporting planned urban growth and expanding housing infrastructure in the region.

The state capital, Lucknow, received approval for one commercial project estimated at Rs 27.65 crore, under which 30 units will be constructed. This project is expected to add to the city’s organised commercial infrastructure.

In Bareilly, UP RERA approved one residential project costing Rs 24.56 crore, involving the construction of 106 units. Officials said the project will provide a boost to residential development in the city.

Meerut saw the approval of one mixed-use project worth Rs 28.45 crore. The project, which includes both residential and commercial components, will comprise 25 units and is aimed at promoting balanced urban development in western Uttar Pradesh.

Experts said the approvals underline UP RERA’s focus on balanced growth across residential and commercial segments. “The approval of seven projects at the 192nd meeting of UP RERA indicates that the real estate sector in Uttar Pradesh is progressing in a structured and balanced manner,” said Sanjay Bhoosreddy, chairman, UP RERA.

“This investment of around Rs 417 crore will not only reinforce residential and commercial infrastructure but also generate new employment opportunities across the state,” Bhoosreddy added.

UP RERA said the projects are expected to create both direct and indirect employment and provide a wider boost to allied sectors such as construction materials, transport, and services.