UP to invest Rs 7.3 trillion in 5 years to build 6.4 million homes

The Government of Uttar Pradesh sees the real estate sector as a critical pillar in the state's goal of becoming a $1 trillion economy. The state government estimates that the real estate sector will receive Rs 7.3 trillion in investments over the next five years. Ghaziabad, Gautam Budh Nagar, and Meerut of the National Capital Region in the state's western zone will receive special attention. The plan calls for the construction of 6.4 million HIG, MIG, LIG, and EWS homes in urban areas near small markets. The government will encourage private sector investment in these houses. Also read: CIDCO gets financial closure for Navi Mumbai metro line Dilip Buildcon to construct viaduct for Surat Metro