UP RERA approves 17 projects worth ₹4,844 crore in eight districts
The approved developments will introduce 5,726 residential and commercial units across the state, according to the Hindustan Times.
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has cleared 17 real estate developments spanning eight districts, representing a total investment of ₹4,844.43 crore. According to the Hindustan Times, these projects are set to provide 5,726 residential and commercial units.
Lucknow recorded the highest investment and unit count, with nine projects including six residential, two commercial, and one mixed-use development. These Lucknow projects involve ₹2,203.27 crore and will add 3,031 units.
Other approvals include two residential projects in Ghaziabad worth ₹943.28 crore for 1,016 units, and one mixed-use project in Gautam Buddh Nagar valued at ₹940.43 crore with 456 units. Kanpur received approval for one residential project worth ₹524.66 crore comprising 597 units.
Additional projects were approved in Meerut (₹194.28 crore), Ayodhya (₹26.61 crore), Firozabad (₹10.87 crore), and Moradabad (₹1.03 crore). The decisions were made during the 217th, 218th, and 219th meetings at the authority's headquarters.
UP RERA Chairman Sanjay Bhoosreddy stated that the authority is working to encourage accountability and timely development in the state. He said that effective monitoring and timely approvals help create a better environment for developers and homebuyers.
The authority said the projects will follow RERA Act provisions to protect the interests of homebuyers through transparency and timely completion.