UP RERA Clears Rs 8.64 Billion Investment For Six Projects

17 Nov 2025 CW Team

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.

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