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UP RERA has approved 15 new real estate projects across eight districts of Uttar Pradesh, involving an estimated investment of INR 2,434 crore. The clearances, issued during the authority's 187th meeting chaired by Sanjay Bhoosreddy, cover 3,043 residential flats, 98 plots, and 50 commercial shops. Projects were sanctioned in Lucknow, Shahjahanpur, Mathura, Moradabad, Ghaziabad, Hapur, Noida, and Jhansi, with most being residential. Bhoosreddy said the approvals will boost transparency, employment, and investment, reflecting the state's expanding real estate potential. The developments are expected to create thousands of jobs and stimulate demand in allied industries, reinforcing Uttar Pradesh's balanced and inclusive property market growth.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) gave its approval to 15 new projects across eight districts of the state earlier this week, involving an estimated investment of INR 2,434 crore. The regulatory body confirmed that the approvals were granted during its 187th meeting chaired by Sanjay Bhoosreddy. The sanctioned projects together comprise 3,043 residential flats, 98 plots, and 50 commercial shops. Advertisement
According to the authority, the newly cleared developments are distributed across Lucknow, Shahjahanpur, Mathura, Moradabad, Ghaziabad, Hapur, Noida, and Jhansi. Shahjahanpur and Lucknow each received three project approvals, while Mathura, Moradabad, and Ghaziabad secured two each. The districts of Hapur, Noida, and Jhansi each gained one project approval.
UP RERA indicated that most of the new projects are residential in nature, whereas the commercial projects are concentrated in Moradabad, Ghaziabad, and Hapur. The authority described this allocation as a balanced spread of real estate growth across Uttar Pradesh.
Bhoosreddy remarked that these approvals represent another step towards enhancing transparency, accountability, and systematic expansion within the state's real estate sector. He added that the approved projects demonstrate Uttar Pradesh's growing potential in real estate, noting that the INR 2,434 crore investment would not only encourage construction activity but also contribute significantly to the state's economy and employment creation.
UP RERA further stated that the investments are expected to generate thousands of direct and indirect job opportunities, while simultaneously stimulating demand in associated sectors such as steel, cement, tiles, paint, furniture, transport, and financial services. With Shahjahanpur emerging as a new property hotspot and cities like Moradabad and Ghaziabad witnessing increased commercial growth, the authority observed that development across Uttar Pradesh is now extending well beyond the major metropolitan centres.
The latest project approvals by UP RERA underscore the authority's commitment to promoting transparent and regionally balanced real estate development in Uttar Pradesh. By encouraging significant private investment and spurring employment in both direct and allied industries, these initiatives are expected to strengthen the state's property market. With newer hubs such as Shahjahanpur joining traditional centres of growth, the state's real estate landscape continues to diversify and expand.
Source - PTI
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