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The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 10 new residential, commercial and mixed-use projects across five districts, involving an estimated investment of INR 1,412.55 crore. The developments will add 1,632 residential and commercial units, with Ghaziabad attracting the highest investment and Gautam Buddh Nagar recording the largest number of units. The approvals are expected to support planned urban development, increase construction activity, create employment opportunities and generate demand across allied sectors. UP RERA said it will continue to focus on transparency, timely project execution and consumer protection 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 five districts with a combined estimated investment of INR 1,412.55 crore. The projects, which include residential, commercial and mixed-use developments, are expected to create 1,632 residential and commercial units across the state.
The approvals were granted during the authority's 207th meeting chaired by UP RERA Chairman Sanjay Bhoosreddy.
Among all the districts, Ghaziabad attracted the highest investment. The authority approved two projects in the district, comprising one residential and one commercial development, with a combined estimated investment of around INR 957.20 crore. Together, these projects will deliver 625 residential and commercial units.
Gautam Buddh Nagar recorded the highest number of approved units. UP RERA cleared three commercial projects in the district involving an estimated investment of INR 281.64 crore. These developments will add 680 commercial units.
Lucknow received approval for three projects, including two residential developments and one commercial project. The combined estimated investment in these projects stands at INR 26.57 crore, and they will provide a total of 215 residential and commercial units.
In Gorakhpur, the authority approved one mixed-use project with an estimated investment of INR 144.09 crore. The project will include 69 units. Moradabad received approval for one residential project involving an estimated investment of INR 3.05 crore, which will add 43 housing units.
According to UP RERA, the newly approved projects are expected to support planned urban development, increase construction activity and generate employment during the development phase. The projects are also likely to create additional demand for construction materials, transport, engineering services and other allied industries.
The authority stated that it has been working to strengthen transparency, accountability and timely execution in the state's real estate sector. Sanjay Bhoosreddy said UP RERA has been ensuring faster project approvals along with effective monitoring, creating a more reliable environment for both homebuyers and developers.
UP RERA was established under the Real Estate (Regulation and Development) Act, 2016, to regulate the real estate sector, improve transparency and protect the interests of homebuyers. The authority has consistently emphasised timely project registration, regulatory compliance and dispute resolution to improve confidence in the state's property market.
Bhoosreddy further said the authority will continue to ensure strict compliance with the provisions of the Real Estate (Regulation and Development) Act while safeguarding consumer interests and supporting balanced and orderly growth of the real estate sector.
Source PTI
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