UP RERA Approves Six New Real Estate Projects Worth ₹176 Crore
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has recently approved six new real estate projects worth ₹176.28 crore, paving the way for the development of 501 residential and commercial units across the state. This decision was made at the Authority's 186th meeting, chaired by UP RERA Chairman Sanjay Bhoosreddy.
The newly approved projects are spread across Ayodhya, Noida, Jhansi, Moradabad, Lucknow, and Prayagraj, marking a significant diversification of real estate development into emerging urban centers beyond the state's major metropolitan regions.
Bhoosreddy emphasized the commitment of UP RERA to fostering transparency, accountability, and structured growth in the real estate sector. He stated, 'UP RERA remains committed to fostering transparency, accountability, and structured growth in the real estate sector. Our stringent and transparent approval process ensures that only compliant projects move forward.'
The approval of these six projects is a reflection of the growing trust in the regulated real estate ecosystem of Uttar Pradesh. With an investment of over ₹176 crore, these projects will give a new impetus to residential and commercial development across various regions of the state, according to an official statement.
Monday's approvals come on the heels of two major rounds of project clearances by the Authority in recent weeks. On October 6, UP RERA had approved eight projects involving an investment of ₹1,948 crore to develop 3,005 units across Lucknow, Prayagraj, Agra, Jhansi, Noida, and Firozabad. On September 27, the Authority had cleared 21 projects worth ₹7,035 crore, adding 10,866 housing and commercial units across the state.
These recent approvals underscore the ongoing commitment of UP RERA to support the real estate sector by ensuring that projects are compliant and transparent, thereby enhancing the confidence of homebuyers and investors in the market. The Authority's efforts are expected to contribute significantly to the economic growth and urban development of Uttar Pradesh.
