UP RERA logs growth in registration of new real estate in 2022

19 Jan 2023 CW Team

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) reported a 23% increase in new project registrations in 2022 over the previous year.

According to the UP RERA, 215 projects were registered in Uttar Pradesh in 2022.

The UP RERA was established in 2017 to govern the rapidly increasing real estate sector, introduce transparency, safeguard homebuyers' interests, and ensure timely resolution of consumer and builder disputes.

"Around 258 and 216 projects were registered in 2018 and 2019, respectively, in comparison to 215 projects in 2022. Another 161 and 174 projects were registered in 2020 and 2021, respectively," the state's real estate regulator said in a statement.

The number of projects registered in 2022 increased by around 23% over 2021, according to the report.

According to UP RERA secretary Rajesh Kumar Tyagi, approximately 90 new residential, commercial, and mixed-use real estate projects were registered in the second half of 2022, whereas 125 new projects were registered in the first half.

"In 2020, due to the Covid-19 epidemic, there was a decrease in the registration of new projects and only 161 projects could be registered, in which there was a huge decline, almost 60 per cent, in new project registration in the NCR region," he said.

"In 2021, the health of the real estate sector improved and almost 174 projects were registered. That year, there was a jump of 64 per cent in the registrations of the NCR region, which was like a comeback for the sector. While there was no significant change in registration in non-NCR districts," Tyagi added.

According to the secretary, the registration of 215 projects in 2022 shows "the increasing demand" for homes in Uttar Pradesh, the rapid and positive growth of the real estate sector.

"This year, there was a hike in the registration of new projects from 10 to 30 per cent across categories in NCR and non-NCR districts," he noted.

Also Read
Jodhpur railway stn to be revamped at 4740million in 3 years
Odisha to divest 49% stake in profit-making PSU

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) reported a 23% increase in new project registrations in 2022 over the previous year. According to the UP RERA, 215 projects were registered in Uttar Pradesh in 2022. The UP RERA was established in 2017 to govern the rapidly increasing real estate sector, introduce transparency, safeguard homebuyers' interests, and ensure timely resolution of consumer and builder disputes. Around 258 and 216 projects were registered in 2018 and 2019, respectively, in comparison to 215 projects in 2022. Another 161 and 174 projects were registered in 2020 and 2021, respectively, the state's real estate regulator said in a statement. The number of projects registered in 2022 increased by around 23% over 2021, according to the report. According to UP RERA secretary Rajesh Kumar Tyagi, approximately 90 new residential, commercial, and mixed-use real estate projects were registered in the second half of 2022, whereas 125 new projects were registered in the first half. In 2020, due to the Covid-19 epidemic, there was a decrease in the registration of new projects and only 161 projects could be registered, in which there was a huge decline, almost 60 per cent, in new project registration in the NCR region, he said. In 2021, the health of the real estate sector improved and almost 174 projects were registered. That year, there was a jump of 64 per cent in the registrations of the NCR region, which was like a comeback for the sector. While there was no significant change in registration in non-NCR districts, Tyagi added. According to the secretary, the registration of 215 projects in 2022 shows the increasing demand for homes in Uttar Pradesh, the rapid and positive growth of the real estate sector. This year, there was a hike in the registration of new projects from 10 to 30 per cent across categories in NCR and non-NCR districts, he noted. Also Read Jodhpur railway stn to be revamped at 4740million in 3 years Odisha to divest 49% stake in profit-making PSU

Resources

28 Apr 2025

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Technology

28 Apr 2025

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Infrastructure Urban

28 Apr 2025

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

UP RERA logs growth in registration of new real estate in 2022

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

Creativity is for Humans, Productivity is for Robots!

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Latest Updates

Advertisement

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address