UP RERA Approves 6 Real Estate Projects with Investment Worth ₹864 Crore in 5 Districts

Lucknow/Gautam Buddha Nagar, November 11, 2025: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has taken yet another significant step toward making the state’s real estate sector more transparent, balanced, and investment-friendly, approving a total of six new real estate projects were approved, involving an estimated investment of about INR 863.94 crore. Under these projects, 1,470 commercial and residential units will be developed. The projects have been approved across five districts — Bareilly, Kanpur Nagar, Noida, Lucknow, and Varanasi — marking another milestone in the state’s growing real estate landscape.

The approvals came at the 188th meeting of the authority was held at its headquarters under the chairmanship of Sanjay Bhoosreddy.

Two projects have been approved in Bareilly, a city renowned for its zari-zardozi embroidery and furniture craftsmanship. One project each has been sanctioned in Kanpur Nagar, the industrial hub of the state, and in Noida, Lucknow, and Varanasi, known for their economic, administrative, and cultural significance respectively.

In terms of investment, Lucknow will witness an inflow of approximately INR 136.94 crore, Varanasi INR 48.94 crore, Kanpur Nagar INR 173.64 crore, Bareilly’s two projects together INR 60.42 crore, and Noida will see the highest investment of around INR 444 crore. Altogether, the approvals will lead to a total capital infusion of nearly INR 863.94 crore in Uttar Pradesh’s real estate sector.

Most of the approved projects are residential in nature, while the commercial projects have been sanctioned in Lucknow and Noida. This distribution reflects the balanced geographical spread of development and the growing interest of investors across different parts of the state.

The implementation of these new projects will not only strengthen the state’s residential and commercial infrastructure but also boost local employment and economic activity. The construction phase will generate both direct and indirect employment opportunities for workers, engineers, and professionals in allied sectors.

The investment will also stimulate growth in cement, steel, tiles, electrical equipment, paint, furniture, transport, and financial services, thereby providing a strong multiplier effect to the state’s economy. As a result, these projects are expected to make a notable contribution to the growth of Uttar Pradesh’s GDP.

UP RERA’s transparent and time-bound project evaluation process has strengthened the confidence of both homebuyers and investors. Real estate development is now spreading beyond metropolitan cities into Tier-2 and Tier-3 cities, paving the way for comprehensive and inclusive growth across Uttar Pradesh.

UP RERA Chairperson Sanjay Bhoosreddy said: “The projects approved in the 188th meeting reflect the steady and balanced growth of Uttar Pradesh’s real estate sector. The proposed investment of about INR 864 crore will not only boost the construction industry but also provide new momentum to the state’s economy and employment generation. Through a transparent and accountable regulatory mechanism, UP RERA ensures that every project complies with the rules, safeguarding the interests of homebuyers and maintaining investor confidence.”