Uttar Pradesh Sees 53% Surge in Real Estate Investment to ₹69,000 Crore: RERA Chairman
NEW DELHI: Uttar Pradesh's real estate sector has seen a remarkable surge in investments, jumping 53% to ₹69,000 crore in 2025. This growth is attributed to the increasing interest from developers from various parts of the country, according to UP RERA Chairman Sanjay R Bhoosreddy.
In 2023, the real estate sector in Uttar Pradesh attracted ₹29,000 crore in investments. This figure rose to ₹45,000 crore in 2024 and further to ₹69,000 crore in 2025. Bhoosreddy shared these details at the ICC Real Estate Summit 2026, held in the national capital, emphasizing the state's investor-friendly policies.
RERA approvals for real estate projects have also seen a significant rise. In 2025, 308 projects were approved, which is around 20% higher than the 259 projects sanctioned in 2024. In 2023, RERA had sanctioned 197 projects. The number of units constructed has also increased, from around 25,500 units in 2023 to 65,500 to 70,000 units in 2024, and up to 85,000 units in 2025.
Bhoosreddy highlighted that developers from South India, Maharashtra, Karnataka, and other major national companies are now actively investing in Uttar Pradesh. This influx of investment is not limited to the Delhi-NCR region but is spread across various cities such as Agra, Bareilly, Moradabad, Varanasi, Prayagraj, Ayodhya, Jhansi, Kanpur, Aligarh, Gorakhpur, Azamgarh, Devi Patan, and Mirzapur.
The cost of land in Ayodhya, for instance, has reached ₹1 lakh per square foot, indicating the high demand and potential for development in these areas. Bhoosreddy also mentioned that the state has set a minimum timeframe of 4 days for providing RERA registration if all details are provided by a developer, with a maximum processing time of 30 days.
The UP RERA Chairman emphasized that the next two decades are expected to be a golden period for the real estate sector, which will play a crucial role in accelerating both national and state GDP. The Indian government aims to grow the economy to USD 5 trillion, and the Chief Minister of Uttar Pradesh has set a goal to transform the state into a 1 trillion economy. Bhoosreddy and his team are working towards achieving these ambitious targets.
Rajeev Singh, Director General of the Indian Chamber of Commerce (ICC), also addressed the summit, noting a structural shift in demand from affordable housing to luxury segments, driven by higher incomes and evolving lifestyles. Tier I cities continue to lead, while Tier II markets are gaining traction. Larger, wellness-focused, and amenity-rich homes are redefining residential preferences.
