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The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six new real estate projects across five districts of the state, involving a total proposed investment of around INR 863.94 crore. The projects, located in Bareilly, Kanpur Nagar, Noida, Lucknow, and Varanasi, will collectively add nearly 1,470 residential and commercial units. Most of these are residential developments, while the projects in Lucknow and Noida are commercial. The initiative is expected to generate local employment and stimulate growth in allied industries.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has given approval to six new real estate projects across five districts, attracting a proposed investment of nearly INR 864 crore. These developments are set to add around 1,470 residential and commercial units in Bareilly, Kanpur Nagar, Noida, Lucknow, and Varanasi. Advertisement
Among the cleared projects, Bareilly received approval for two, while Kanpur Nagar, Noida, Lucknow, and Varanasi each received one. Noida has the largest investment share at about INR 444 crore, followed by Kanpur Nagar at INR 173.64 crore, Lucknow at INR 136.94 crore, Bareilly with two projects worth INR 60.42 crore, and Varanasi at INR 48.94 crore. Most projects are residential, while the ones in Noida and Lucknow are commercial.
UP RERA stated that the distribution of these projects reflects balanced growth in the state's real estate sector and a rise in investor confidence across regions. The authority noted that these developments would strengthen housing and commercial infrastructure while generating significant local employment and economic activity.
The new construction activity is expected to create both direct and indirect job opportunities for workers, engineers, and professionals. It will also boost demand in related sectors such as cement, steel, electrical goods, furniture, transport, and financial services.
According to UP RERA, investor confidence in Uttar Pradesh's real estate market has grown due to transparent regulatory systems and timely project approvals. These measures have encouraged real estate expansion in smaller and mid-sized cities as well.
Chairman Sanjay Bhoosreddy, who led the 188th authority meeting where the approvals were finalized, said that the projects will not only support the construction sector but also contribute to the state's overall economy and job creation. He emphasized that UP RERA remains committed to ensuring timely and compliant completion of all projects for the benefit of homebuyers.
Source PTI
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