UP RERA approved 10 new real estate projects across four districts with a combined investment of Rs 12.78 billion (Rs 12.78 bn) and plans to develop 4,498 residential and commercial units, the authority said after a meeting chaired by UP RERA Chairman Sanjay Bhoosreddy. The approvals were processed at the meeting and were described as measures to boost planned urban growth and meet rising demand for housing and commercial infrastructure. The statement named Lucknow, Noida, Agra and Ghaziabad as the locations for the developments.

Lucknow accounted for the highest number of schemes, with six projects involving an investment of Rs 4.38 bn comprising five residential projects and one mixed use development to deliver 2,284 units. Gautam Buddha Nagar led in investment terms with two commercial projects worth Rs 4.96 bn that will create 981 commercial units including shops and studio spaces. The distribution reflects a mix of residential, commercial and mixed use planning across the state.

In Agra, one residential project with an investment of Rs 2.23 bn is expected to develop 761 housing units, while Ghaziabad secured approval for one commercial project valued at Rs 1.21 bn to deliver 472 commercial units. The authority indicated approvals will be subject to regular monitoring for compliance with the Real Estate (Regulation and Development) Act. Project timelines were emphasised to ensure completion within stipulated periods.

The statement added that the investments are anticipated to generate direct and indirect employment during the construction phase and to spur demand in sectors such as construction materials, engineering services, transport and logistics. The Chairman was reported to have said the authority remained committed to strengthening a transparent, effective and accountable regulatory framework for the real estate sector. He indicated that timely approval and effective monitoring were creating a more reliable environment for promoters and homebuyers while safeguarding consumer interests and promoting balanced and sustainable growth.