UP RERA Approves 17 Projects Worth Rs 48.44 bn
ECONOMY & POLICY

UP RERA Approves 17 Projects Worth Rs 48.44 bn

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 17 real estate projects across eight districts ahead of Diwali, involving a proposed investment of Rs. 48.44 bn and the development of more than 5,726 residential and commercial units.

The projects are located in Lucknow, Ghaziabad, Gautam Buddha Nagar, Kanpur, Meerut, Ayodhya, Firozabad and Moradabad. The approvals were cleared during the authority’s 217th, 218th and 219th meetings at its headquarters, according to an official statement.

Lucknow received the largest share of approvals, with nine projects comprising six residential developments, one mixed-use project and two commercial projects. The projects involve an estimated investment of Rs. 22.03 bn and will deliver 3,031 units.

Ghaziabad received approval for two residential projects involving Rs. 9.43 bn and 1,016 units, while Gautam Buddha Nagar received approval for one mixed-use project worth Rs. 9.4 bn, comprising 456 units. Kanpur received approval for a residential project involving Rs. 5.25 bn and 597 units, while Meerut’s approved project involves Rs. 1.94 bn and 313 units.

The authority also approved residential projects in Ayodhya, Firozabad and Moradabad. Their proposed investments stand at Rs. 266.1 mn, Rs. 108.7 mn and Rs. 10.3 mn, respectively, with the projects comprising 159, 48 and 12 units. UP RERA said timely disposal of proposals and regular monitoring were necessary to ensure that developments progressed as planned. It added that the approved projects would be monitored for compliance with the Real Estate (Regulation and Development) Act and to protect homebuyers’ interests.

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 17 real estate projects across eight districts ahead of Diwali, involving a proposed investment of Rs. 48.44 bn and the development of more than 5,726 residential and commercial units. The projects are located in Lucknow, Ghaziabad, Gautam Buddha Nagar, Kanpur, Meerut, Ayodhya, Firozabad and Moradabad. The approvals were cleared during the authority’s 217th, 218th and 219th meetings at its headquarters, according to an official statement. Lucknow received the largest share of approvals, with nine projects comprising six residential developments, one mixed-use project and two commercial projects. The projects involve an estimated investment of Rs. 22.03 bn and will deliver 3,031 units. Ghaziabad received approval for two residential projects involving Rs. 9.43 bn and 1,016 units, while Gautam Buddha Nagar received approval for one mixed-use project worth Rs. 9.4 bn, comprising 456 units. Kanpur received approval for a residential project involving Rs. 5.25 bn and 597 units, while Meerut’s approved project involves Rs. 1.94 bn and 313 units. The authority also approved residential projects in Ayodhya, Firozabad and Moradabad. Their proposed investments stand at Rs. 266.1 mn, Rs. 108.7 mn and Rs. 10.3 mn, respectively, with the projects comprising 159, 48 and 12 units. UP RERA said timely disposal of proposals and regular monitoring were necessary to ensure that developments progressed as planned. It added that the approved projects would be monitored for compliance with the Real Estate (Regulation and Development) Act and to protect homebuyers’ interests.

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