UPRERA Targets 400 New Project Approvals in 2026 as Infrastructure Drives Real Estate Growth

The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) is on track to approve approximately 400 new real estate projects in 2026, a substantial rise from the 308 projects approved in the previous year. This projection was announced by UPRERA Chairman Sanjay R Bhoosreddy at the 19th edition of the FICCI Real Estate Summit, held in the capital on May 7.

Bhoosreddy attributed the growth to significant infrastructure developments, including the Noida International Airport, the Ganga Expressway, and the expansion of Metro connectivity across Tier 2 and Tier 3 cities in Uttar Pradesh. These advancements have not only bolstered the property market but also attracted more investors and homebuyers to the region.

The authority has seen a steady increase in project approvals over the years. Until 2023, UPRERA used to sanction around 190 projects annually. This number rose to 259 projects in 2024 and 308 in 2025. In the first four months of 2026 alone, 108 projects have already been approved, indicating a strong upward trend.

Complaints have also dropped by 70%, with most earlier grievances linked to legacy projects. Bhoosreddy noted, “Now, we receive only around two complaints for every new project registered.” He added that the decline in complaints reflects a more transparent and regulated market, which is a positive sign for both developers and buyers. The authority is working on further mechanisms to ensure price discovery and eliminate information asymmetry.

The real estate market in Uttar Pradesh is no longer confined to major cities like Lucknow, Noida, Greater Noida, and Ghaziabad. Real estate activities have expanded to other cities such as Kanpur, Gorakhpur, Varanasi, Ayodhya, Jhansi, Hapur, Bareilly, Meerut, Muzaffarnagar, and Gonda. This broadening of the market is a testament to the state's growing economic and infrastructural footprint.

Bhoosreddy highlighted that real estate prices in western Uttar Pradesh have sharply risen due to infrastructure development, particularly the Noida International Airport. He stated, “The government has envisioned Uttar Pradesh becoming a $1 trillion economy, with the real estate sector playing a crucial role in achieving this goal. The RERA Act of 2016 has ensured a level playing field for all promoters and between promoters and buyers.”

The chairman also emphasized the importance of protecting consumer trust, advocating for the establishment of a dedicated 'Consumer Samadhan Divas' to address consumer grievances more effectively. On May 6, UPRERA fixed a maximum fee of ₹1,000 for the transfer of flats to legal heirs in case of the death of the original allottee, providing significant relief to homebuyers and their families.

Developers or promoters are now required to transfer the flat, by default, to the spouse, son, or daughter of the deceased allottee, on payment of a nominal processing fee of ₹1,000 upon completion of 10 years under UP RERA. This move aims to streamline the process and reduce bureaucratic hurdles for families.

The steady growth in the state's real estate sector is supported by robust investment figures. According to UPRERA data, 197 new projects were registered in 2023, 259 in 2024, and 308 in 2025. In the first four months of 2026, 106 projects have already been registered, compared to 84 in the same period last year.

Investment through UPRERA has also shown strong momentum, recording ₹28,411 crore in 2023, ₹44,526 crore in 2024, and ₹68,328 crore in 2025. In the first four months of 2026, investments worth ₹25,156 crore have been recorded. These figures underscore the growing confidence of investors in the Uttar Pradesh real estate market.