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. These projects are expected to provide 5,726 residential and commercial units throughout Uttar Pradesh, the Hindustan Times reported.
Lucknow accounts for the highest investment and unit count, with nine approved 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 worth ₹940.43 crore for 456 units. Kanpur received approval for a ₹524.66 crore residential project with 597 units, while Meerut has one residential project worth ₹194.28 crore for 313 units.
Additional approvals were granted for residential projects in Ayodhya (₹26.61 crore, 159 units), Firozabad (₹10.87 crore, 48 units), and Moradabad (₹1.03 crore, 12 units). The decisions were made during the 217th, 218th, and 219th meetings chaired by UP RERA Chairman Sanjay Bhoosreddy.
Chairman Sanjay Bhoosreddy said the authority is working to encourage accountability and timely development in the state's real estate sector. He stated that effective monitoring and timely approvals help create a better environment for developers and homebuyers.