Site icon Saptakala Real Estate Law Journal

UP RERA Approves 16 New Real Estate Projects Worth ₹3,200.16 Crore Across Nine Districts

incomplete apartments

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 16 new real estate projects across nine districts of Uttar Pradesh, involving a total investment of ₹3,200.16 crore. The approvals were granted during the 190th Authority Meeting held at the UP RERA headquarters, under the chairmanship of Sanjay Bhoosreddy, Chairperson, UP RERA, in the presence of senior officials.

The newly approved projects will collectively develop 3,845 residential, commercial, and mixed-use units, reinforcing the state’s commitment to planned urban growth, transparency, and regulatory compliance.

Lucknow Emerges as the Biggest Beneficiary

Among all districts, Lucknow emerged as the largest beneficiary, receiving approval for six projects with a total investment of ₹2,154.69 crore. These projects include:

Two residential projects
Two mixed-use projects
Two commercial projects

Together, the Lucknow projects will add 1,406 units, reflecting the city’s growing demand for housing, commercial spaces, and integrated developments.

Project Approvals in Agra, Ghaziabad and Other Districts

Agra received approval for two projects worth ₹200.69 crore, comprising one residential and one mixed-use project, with a total of 668 units.

In Ghaziabad, UP RERA approved two commercial projects valued at ₹74.18 crore, which will create 210 commercial units, highlighting rising business and investment activity in the NCR region.

Other districts that received approvals include:

Bareilly – One residential project worth ₹104 crore with 454 units
Prayagraj – One residential project worth ₹6.05 crore with 74 units
Aligarh – One residential project worth ₹77.47 crore with 142 units
Jhansi – One residential project worth ₹16.26 crore with 220 units
Mathura–Vrindavan – One residential project worth ₹50.48 crore with 127 units
Moradabad – One residential project worth ₹516.34 crore with 544 units

Balanced Mix of Residential, Commercial and Mixed-Use Projects

The approvals reflect UP RERA’s focus on regionally balanced development, with a healthy mix of residential, commercial, and mixed-use projects across different cities. While residential developments dominate the approvals, the inclusion of commercial and mixed-use projects, especially in Lucknow and Ghaziabad, signals expanding economic activity and investor confidence.

Economic Impact and Employment Generation

According to UP RERA, the total investment of over ₹3,200 crore is expected to generate substantial direct and indirect employment. The projects will also boost allied sectors, including:

• Construction materials
• Transport and logistics
• Banking and finance
• Professional and support services

This is expected to strengthen the overall construction and real estate ecosystem in the state.

Chairperson Highlights Sector Growth and Homebuyer Protection

UP RERA Chairperson Sanjay Bhoosreddy stated that the approvals reflect sustained growth in Uttar Pradesh’s real estate sector.

He said that the ₹3,200.16 crore investment will strengthen the construction ecosystem, create employment opportunities, and ensure the availability of quality housing and commercial infrastructure. He reiterated that UP RERA remains committed to transparency, strict regulatory compliance, and the protection of homebuyers’ interests.

Conclusion: Strengthening Planned Urban Development in Uttar Pradesh

The approval of 16 new projects across nine districts underscores UP RERA’s proactive role in promoting regulated, transparent, and sustainable real estate development. With significant investment inflows and a diverse project mix, the latest approvals are expected to support urban growth, employment generation, and improved infrastructure across Uttar Pradesh.

Exit mobile version