The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has given its approval to 15 new real estate projects across eight districts of the state. With a total investment of approximately Rs 2,434 crore, this move underscores the Authority’s commitment to fostering transparency, accountability, and regionally balanced growth within the state’s booming real estate sector.
UP RERA Meeting and Leadership
The approvals were granted during the 187th Authority meeting held at the UP RERA headquarters under the chairmanship of Sanjay Bhoosreddy, Chairperson, UP RERA. The meeting was attended by senior officials and focused on promoting regionally inclusive development and strengthening the regulatory framework for real estate projects in Uttar Pradesh.
Project Distribution and Details
The newly approved projects comprise 3,043 residential flats, 98 plots, and 50 shops. The district-wise approvals are as follows:
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Lucknow: 3 projects
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Shahjahanpur: 3 projects
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Mathura: 2 projects
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Moradabad: 2 projects
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Ghaziabad: 2 projects
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Hapur: 1 project
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Noida: 1 project
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Jhansi: 1 project
Among these, most are residential projects, while commercial projects have been approved in Moradabad, Ghaziabad, and Hapur.
Focus on Regional Growth and Balanced Development
The approvals reflect UP RERA’s ongoing mission to ensure balanced development across the state. Shahjahanpur, with three approved projects, emerged as the district with the highest number of clearances in this meeting. The new developments are expected to boost housing availability and stimulate local economic growth.
Emerging Districts Driving Real Estate Growth
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Moradabad, traditionally known for its brass industry, is witnessing a shift toward modern urbanization. The new projects, including residential and commercial developments, will enhance the city’s skyline and provide new employment opportunities.
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Mathura, the sacred city with immense religious significance, will see two new residential projects catering to the growing tourism and housing demand.
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Ghaziabad and Hapur, part of the National Capital Region (NCR), will gain new commercial complexes that will strengthen the region’s business infrastructure and attract more investors.
Economic and Employment Impact
The Rs 2,434 crore investment is set to generate thousands of direct and indirect employment opportunities, boosting the state’s construction and allied industries such as cement, steel, tiles, paints, electricals, furniture, transport, and financial services. The wide geographical distribution of projects indicates that Uttar Pradesh’s real estate growth is now expanding beyond major cities to include emerging districts across the state.
Statement from the Chairperson
Commenting on the development, Sanjay Bhoosreddy, Chairperson of UP RERA, said:
“The 15 projects approved in the 187th Authority meeting reflect the balanced and widespread growth of Uttar Pradesh’s real estate sector. The investment of Rs 2,434 crore will not only strengthen the construction industry but also propel the state’s economy and employment opportunities to new heights. UP RERA’s transparent review system ensures that every project complies with regulations, thereby safeguarding homebuyers’ interests and sustaining investor confidence.”
Conclusion
The approval of these 15 projects marks another milestone for UP RERA in regulating and encouraging sustainable real estate development across the state. By ensuring compliance, transparency, and accountability, UP RERA continues to build trust among homebuyers and investors, while promoting balanced urban growth throughout Uttar Pradesh.
