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The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new real estate projects across Lucknow, Gautam Buddha Nagar, Agra and Ghaziabad, involving an estimated investment of INR 1,278 crore. The developments comprise residential, commercial and mixed-use projects that will collectively create around 4,498 residential and commercial units. Lucknow accounted for the highest number of approved projects, while Gautam Buddha Nagar attracted the largest investment value. UP RERA said the approvals are expected to support planned urban development, meet rising demand for housing and commercial infrastructure, generate employment during construction, and stimulate allied sectors. The authority also reiterated its commitment to ensuring regulatory compliance and timely project completion under the Real Estate (Regulation and Development) Act.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new real estate projects across Lucknow, Gautam Buddha Nagar, Agra and Ghaziabad involving an estimated investment of INR 1,278 crore. Approved during the authority's meeting held in the past week under the chairmanship of UP RERA Chairman Sanjay Bhoosreddy, the projects are expected to deliver approximately 4,498 residential and commercial units while supporting planned urban development and expanding the state's housing and commercial infrastructure.
Lucknow recorded the highest number of project approvals, with six developments receiving clearance. These comprise five residential projects and one mixed-use development, representing a combined investment of approximately INR 438.29 crore. Together, the projects are expected to add 2,284 residential and mixed-use units to the city's real estate market.
Gautam Buddha Nagar emerged as the largest recipient in terms of investment value. UP RERA approved two commercial developments in the district with a combined estimated investment of INR 496.27 crore. The projects are expected to create 981 commercial units, including retail shops and studio spaces, reflecting continued demand for organised commercial real estate in the district.
In Agra, the authority approved one residential project with an estimated investment of INR 223.04 crore. The development is planned to deliver 761 housing units. Meanwhile, Ghaziabad received approval for one commercial project involving an investment of INR 120.88 crore, under which 472 commercial units are proposed.
According to UP RERA, the approved developments include residential, commercial and mixed-use projects that are intended to support organised urban expansion while addressing the growing requirement for housing and modern commercial infrastructure across the state. The authority said all approved projects would remain subject to continuous regulatory oversight to ensure compliance with the provisions of the Real Estate (Regulation and Development) Act and adherence to prescribed project completion timelines.
The authority further stated that the investment associated with these developments is expected to generate both direct and indirect employment opportunities during the construction phase. It added that the projects are also likely to increase economic activity across allied industries, including construction materials, engineering services, transport and logistics.
Sanjay Bhoosreddy, Chairman of UP RERA, said the authority remained committed to strengthening a transparent, effective and accountable regulatory framework for the state's real estate sector. He stated that timely project approvals, coupled with effective monitoring, were contributing to a more reliable environment for promoters as well as homebuyers. He added that UP RERA would continue enforcing strict compliance with the provisions of the RERA Act while protecting consumer interests and supporting balanced and sustainable growth of the real estate sector across Uttar Pradesh.
Source - PTI
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