Lucknow: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA), in its 198th board meeting, has approved 24 new real estate projects with a combined estimated cost of ₹6,841.85 crore. These projects, spanning 13 districts, will facilitate the development of 7,830 residential, commercial, and mixed-use units, accelerating organized urban growth across the state.
Four Major Projects Approved in Lucknow
The state capital, Lucknow, received approval for four projects valued at over ₹132 crore, comprising 651 units. This includes three residential and one commercial development. In terms of both project numbers and units, Lucknow ranks second in the state, highlighting its growing importance as a real estate hub.
Gautam Buddh Nagar Leads in Investment
Gautam Buddh Nagar tops the list with five projects worth ₹5,218.41 crore, which will develop 2,969 units, including three commercial, one residential, and one mixed-use project. Already an emerging real estate hotspot, these projects are expected to further strengthen the district’s market presence and attract significant investment.
Project Approvals in Other Key Districts
Other districts receiving project approvals include:
- Agra: Three residential projects worth ₹162.75 crore
- Ghaziabad: Three projects worth ₹83.85 crore
These developments are set to expand housing facilities and create local employment opportunities. Additional approvals were granted for projects in Mathura, Saharanpur, Meerut, Baghpat, Gorakhpur, Varanasi, Banda, Hapur, and Barabanki, promoting balanced growth in smaller and mid-sized cities.
Focus on Compliance and Transparency
The board meeting was chaired by Sanjay Bhusreddy, who oversaw a detailed review of all project proposals. Only projects meeting regulatory standards and compliance requirements received approval. This approach aims to enhance transparency in the real estate sector, strengthen consumer confidence, and ensure organized urban development across Uttar Pradesh.
Boosting Urban Growth and Employment
These newly approved projects are expected to:
- Accelerate urban development in Tier-1 and Tier-2 cities
- Provide a range of residential and commercial housing options
- Create significant employment opportunities in construction and allied sectors
- Strengthen investor confidence through regulatory compliance
By fostering structured development, UP RERA is guiding the state toward sustainable and organized urban growth, making the real estate sector more robust and reliable for residents and investors alike.
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