UP RERA Report 2025: Real Estate Projects and Investments Soar

The real estate sector in Uttar Pradesh witnessed a remarkable upsurge in 2025, with project registrations increasing by 19%, capital investment surging by 53.5%, and approved residential and commercial units growing by 22.5%. According to the UP RERA report, this growth is largely attributed to the city of Noida, which has emerged as a key player in the state’s real estate market.

The state registered 308 real estate projects in 2025, a notable increase from 259 projects in 2024. This represents a 49-project increase, or a 19% rise, indicating a robust expansion in the sector. Capital investment also saw a significant jump, rising from ₹44,526 crore in 2024 to ₹68,328 crore in 2025, a 53.5% increase. Noida led the state with investments of ₹37,161 crore, followed by Ghaziabad at ₹12,750 crore and Lucknow at ₹9,398 crore. These figures underscore the continued importance of these cities in Uttar Pradesh’s real estate landscape.

The report attributes the growth to large-scale infrastructure initiatives, including expressways, metro rail projects, industrial corridors, smart city programs, and urban rejuvenation schemes. These developments have significantly improved connectivity and livability, making both established cities and emerging urban centers, including temple towns, attractive for real estate investment.

Sanjay Bhoosreddy, chairman of UP RERA, commented, “The performance of UP RERA in 2025 reflects our unwavering commitment to transparency, accountability, and consumer protection. The significant increase in project registrations, approved units, and capital investment demonstrates growing trust in the regulatory framework. Our focus remains on balanced regional development, timely project completion, and safeguarding the interests of homebuyers, while creating an investor-friendly environment across Uttar Pradesh.”

The number of approved residential and commercial units increased from 69,365 in 2024 to 84,976 in 2025, representing an addition of 15,611 units, or a 22.5% growth over the previous year. In total, more than 1.54 lakh units have been approved over the past two years. Out of the total units approved in 2025, 62,672 are residential units, including apartments, plots, and villas, while 22,304 units are commercial, such as shops, studios, and other commercial facilities.

The total investment in registered projects stood at ₹44,526 crore in 2024 and surged to ₹68,328 crore in 2025, marking an increase of ₹23,802 crore, or nearly 53.5% year-over-year. This sharp growth in investment is a clear indicator of strengthening investor confidence in Uttar Pradesh’s real estate market. It also underscores the positive impact of the government’s development-oriented priorities, along with the effectiveness of UP RERA’s regulatory mechanisms in ensuring transparency, accountability, and timely project execution, thereby making the sector more attractive for long-term investment.

Among the districts, Noida emerged as the top performer in 2025, with 69 registered projects and 37,199 approved units. Lucknow followed closely with 67 projects and 13,668 units, while Ghaziabad recorded 29 projects comprising 10,747 units. In terms of investment value, Noida again led the state with ₹37,161 crore, followed by Ghaziabad at ₹12,750 crore and Lucknow at ₹9,398 crore.

The rising share of non-NCR registrations highlights the impact of government-led infrastructure development, improved connectivity, and urban expansion across Tier-2 and emerging cities. In 2024, of the 259 projects registered with UP RERA, 89 were located in the NCR region, while a significantly higher number, 170 projects, were registered in non-NCR districts. This trend became even more pronounced in 2025, with 308 projects registered statewide, including 122 in the NCR and 186 in non-NCR areas.

Among the non-NCR regions, Lucknow emerged as a major growth engine, recording 67 registered projects in 2025. Mathura followed with 23 projects, reflecting increased activity driven by religious tourism and urban development. Bareilly (15 projects) and Agra (14 projects) also showed strong momentum, underscoring the growing importance of non-NCR districts in Uttar Pradesh’s real estate landscape.

UP RERA divides the state into three regions: western, central, and eastern. In the western region, 175 projects worth ₹55,620.43 crores were approved, covering 60,214 residential and commercial units. Noida, Ghaziabad, and Agra emerged as the top three districts in terms of investment in this region. Other districts include Agra, Aligarh, Bulandshahr, Firozabad, Hapur, Mathura, Meerut, Moradabad, and Muzaffarnagar where projects are ongoing.

The central region recorded approved investment of ₹11,270.42 crores across 104 projects, with 21,646 units planned for construction. Lucknow led the region in investment, followed by Jhansi and Kanpur Nagar. Other districts in the region where projects have been registered include Barabanki, Bareilly, Rampur, Shahjahanpur, and Unnao.

In the eastern region, UP RERA approved 29 projects with a total investment of ₹1,436.86 crores. These projects will result in the construction of 3,116 residential and commercial units. Varanasi ranked first in terms of investment in the eastern region, followed by Gorakhpur and Ayodhya. This region also has project registration in cities such as Chandauli, Gonda, Mau, Mirzapur, and Prayagraj.

The year 2025 also saw a rise in real estate investment and project registrations in Uttar Pradesh’s religious and pilgrimage cities, driven by growing economic activity from religious tourism and large-scale infrastructure development. Ayodhya recorded five project registrations, reflecting steady investor interest in line with the city’s growing prominence in both religious and tourism sectors. Mathura emerged as a major hub, with 23 projects registered, driven by strong demand for residential, hospitality, and commercial spaces. Varanasi saw nine projects registered, supported by ongoing redevelopment efforts and its status as a spiritual and cultural centre. Prayagraj registered seven projects, signalling renewed confidence in the city’s long-term growth prospects.