Business EconomyPosted at: Nov 11 2025 6:33PM


UP RERA clears 6 real estate projects worth Rs 864 crore across 5 districts

Lucknow, Nov 11 (UNI) The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has given the green signal to six new real estate projects worth approximately Rs 863.94 crore, marking another stride toward enhancing transparency, accountability, and investor confidence in the state’s real estate sector.
The approvals were granted during the 188th meeting of the Authority, held under the chairmanship of Sanjay Bhoosreddy, Chairperson, UP RERA, at the Authority’s headquarters. Senior officials and subject experts were also present at the meeting.
Giving above information here this evening, an official spokesman of RERA said that the newly approved projects, comprising both residential and commercial developments, will create 1,470 housing and commercial units across five districts: Bareilly, Kanpur Nagar, Noida, Lucknow, and Varanasi. Noida with Rs 444 crore investment tops the list followed by Kanpur Nagar Rs 173.64 crore, Lucknow Rs 136.94 crore, Varanasi Rs 48.94 crore and Bareilly (two projects) of Rs 60.42 crore.
While most of the projects are residential, commercial developments have been sanctioned in Lucknow and Noida, reflecting balanced growth across both major and emerging cities, he said.
The spokesman claimed that the implementation of these projects will strengthen urban infrastructure while generating significant direct and indirect employment for construction workers, engineers, and professionals in allied sectors. The investments are also expected to stimulate demand in industries such as cement, steel, tiles, electrical goods, paint, furniture, transport, and financial services, providing a strong multiplier effect on the state’s economy.
Commenting on the approvals, Sanjay Bhoosreddy, Chairperson of UP RERA, said, “The projects approved in the 188th meeting reflect the steady and balanced growth of Uttar Pradesh’s real estate sector. The proposed investment of about Rs 864 crore will not only boost the construction industry but also provide new momentum to the state’s economy and employment generation. Through a transparent and accountable regulatory mechanism, UP RERA ensures every project complies with the rules, protecting homebuyers’ interests and maintaining investor trust.”
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