UP RERA Unlocks ₹863 Cr. Real Estate Boom: 1,470 Units Approved

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six new real estate projects across the state, representing a total investment of Rs 863.94 crore.

Spread across Bareilly, Kanpur Nagar, Noida, Lucknow, and Varanasi, the projects will collectively deliver 1,470 residential and commercial units. Noida accounts for the highest investment at Rs 444 crore, followed by Kanpur Nagar (Rs 173.64 crore) and Lucknow (Rs 136.94 crore). These developments are expected to enhance housing and commercial infrastructure while creating significant direct and indirect employment opportunities.

While most of the approved projects are residential, those in Lucknow and Noida are commercial in nature. UP RERA attributes this steady growth to its transparent regulatory framework and rising investor confidence, which are driving real estate expansion into emerging cities and boosting local economies across Uttar Pradesh.

News by Rahul Yelligetti.