+
UP RERA Clears Rs 8.64 Billion Investment For Six Projects
Real Estate

UP RERA Clears Rs 8.64 Billion Investment For Six Projects

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six new real estate projects involving a proposed investment of Rs 8.64 billion across five districts of the state.

The approved developments, located in Bareilly, Kanpur Nagar, Noida, Lucknow and Varanasi, will together deliver around 1,470 residential and commercial units, the authority said in a statement.

Bareilly received approval for two projects, while Kanpur Nagar, Noida, Lucknow and Varanasi each secured clearance for one project. Noida accounts for the highest proposed investment at Rs 4.44 billion, followed by Kanpur Nagar at Rs 1.74 billion, Lucknow at Rs 1.37 billion, Bareilly at Rs 604 million for its two projects, and Varanasi at Rs 489 million.

Most of the projects are residential, while those in Noida and Lucknow are commercial in nature. UP RERA said the distribution of these approvals reflects balanced real estate growth across the state and heightened investor interest in multiple regions.

The authority added that the new projects will strengthen Uttar Pradesh’s housing and commercial infrastructure, generating substantial employment and economic activity. Construction will create both direct and indirect jobs for labourers and professionals, while stimulating allied sectors such as steel, cement, tiles, electrical goods, paints, furniture, logistics and financial services.

UP RERA attributed the steady increase in investor confidence to its transparent systems and timely project evaluations, which have encouraged real estate expansion into smaller and mid-sized cities.

“This investment of about Rs 8.64 billion will not only boost the construction sector but also contribute to the state’s economy and job creation. UP RERA remains committed to ensuring timely, compliant and homebuyer-friendly project delivery,” said Chairman Sanjay Bhoosreddy.

The approvals were granted at the authority’s 188th meeting on Tuesday, attended by senior officials and subject specialists.

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six new real estate projects involving a proposed investment of Rs 8.64 billion across five districts of the state. The approved developments, located in Bareilly, Kanpur Nagar, Noida, Lucknow and Varanasi, will together deliver around 1,470 residential and commercial units, the authority said in a statement. Bareilly received approval for two projects, while Kanpur Nagar, Noida, Lucknow and Varanasi each secured clearance for one project. Noida accounts for the highest proposed investment at Rs 4.44 billion, followed by Kanpur Nagar at Rs 1.74 billion, Lucknow at Rs 1.37 billion, Bareilly at Rs 604 million for its two projects, and Varanasi at Rs 489 million. Most of the projects are residential, while those in Noida and Lucknow are commercial in nature. UP RERA said the distribution of these approvals reflects balanced real estate growth across the state and heightened investor interest in multiple regions. The authority added that the new projects will strengthen Uttar Pradesh’s housing and commercial infrastructure, generating substantial employment and economic activity. Construction will create both direct and indirect jobs for labourers and professionals, while stimulating allied sectors such as steel, cement, tiles, electrical goods, paints, furniture, logistics and financial services. UP RERA attributed the steady increase in investor confidence to its transparent systems and timely project evaluations, which have encouraged real estate expansion into smaller and mid-sized cities. “This investment of about Rs 8.64 billion will not only boost the construction sector but also contribute to the state’s economy and job creation. UP RERA remains committed to ensuring timely, compliant and homebuyer-friendly project delivery,” said Chairman Sanjay Bhoosreddy. The approvals were granted at the authority’s 188th meeting on Tuesday, attended by senior officials and subject specialists.

Next Story
Infrastructure Transport

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Next Story
Infrastructure Transport

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Next Story
Infrastructure Transport

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App