Uttar Pradesh’s real estate momentum gathered pace as U.P. RERA cleared seven new projects with a combined investment of nearly ₹417 crore at its 192nd Authority Meeting in Lucknow. Spread across five cities—Noida, Lucknow, Mathura, Bareilly and Meerut—the approvals cover both residential and commercial developments, underscoring the regulator’s focus on balanced, transparent and regionally diversified growth while reinforcing investor and homebuyer confidence.

Through these projects, the construction of a total of 1,024 residential and commercial units has been proposed across the state. The decision was taken in the presence of senior officials. U.P. RERA is continuously making efforts to ensure transparency, balance, and planned development in the real estate sector so that the confidence of investors as well as homebuyers remains strong.

The approved projects are located in 5 cities of the state—Noida, Lucknow, Mathura, Bareilly, and Meerut—reflecting regionally balanced urban development.

In Noida, 2 projects with a total cost of ₹181.36 crore have been approved. Both projects fall under the commercial category and involve the construction of a total of 298 units. These approvals will further strengthen growing commercial activities and investment potential in Noida.

In Mathura, approval has been granted to 2 residential projects with a total cost of ₹154.92 crore. Through these projects, a total of 565 residential units will be constructed. These projects will support the expansion of residential facilities and planned development in the Mathura region.

In the state capital Lucknow, one commercial project with an estimated cost of ₹27.65 crore has been approved, under which the construction of a total of 30 units is proposed. This will strengthen the organized commercial infrastructure of the city.

In Bareilly, approval has been granted to one residential project costing ₹24.56 crore, involving the construction of a total of 106 units. This project will give new momentum to residential development in the city.

In Meerut, one project costing ₹28.45 crore has been approved, which falls under both residential and commercial categories. Under this mixed-use project, a total of 25 units will be constructed, thereby promoting balanced urban development.

Boost to Residential and Commercial Development

The projects approved in the Authority Meeting indicate that U.P. RERA is giving priority to balanced development in both residential and commercial sectors. While residential projects will meet the growing housing needs of the people, commercial projects will create new opportunities for trade, services, and employment.

Employment Generation and Strengthening of the Economy

The proposed investment of ₹416.94 crore in these 7 projects will generate numerous employment opportunities, both directly and indirectly. Construction activities will benefit workers, engineers, technical experts, and the service sector. At the same time, allied industries such as construction materials, transportation, finance, and services will also receive a boost, giving positive momentum to the state’s economy.

State Government Policies Play a Key Role in Increasing Investment

The continuous growth in real estate investment in Uttar Pradesh can be attributed to the proactive and reform-oriented policies of the state government. Simplified and time-bound approval processes, improvements in ease of doing business, expansion of infrastructure, and strict regulatory oversight through U.P. RERA have significantly enhanced investor confidence. The state government’s emphasis on transparency, accountability, and timely completion of projects is creating a favorable environment for sustainable real estate development in both major cities and emerging districts.

On this occasion, Sanjay Bhoosreddy, Chairman, U.P. RERA, said, “The approval of 7 projects in the 192nd Authority Meeting reflects that the real estate sector in Uttar Pradesh is moving forward in an organized and balanced manner. This investment of approximately ₹417 crore will not only strengthen residential and commercial infrastructure but will also create new employment opportunities. U.P. RERA is fully committed to transparency, timely completion of projects, and protection of the interests of homebuyers, and will continue to encourage responsible and quality investment.”