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 Urban

Dreamfly Named Among 100 Desi Deeptechs

Dreamfly Innovations has been recognised among the ‘100 Desi Deeptechs’, an initiative by Startup Policy Forum in collaboration with MeitY Startup Hub, Startup India and Indian Institute of Technology Madras. The initiative highlights founders and companies building core technologies critical to India’s long-term growth and self-reliance.The cohort includes startups working across drones and aerospace, defence technology, cleantech, robotics, semiconductors, advanced manufacturing and electric mobility. It aims to bring deeptech founders and policymakers together to strengthen India’s ..

Next Story
Infrastructure Urban

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

Next Story
Infrastructure Urban

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->