UPRERA clears 16 projects worth Rs 3,200 crore

Rs 3,200-crore realty push: UPRERA clears 16 projects across Uttar Pradesh

The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has approved 16 projects worth more than Rs 3,200 crore, sources told Moneycontrol. The projects will add 3,845 residential, commercial and mixed-use units, with Lucknow emerging as the biggest beneficiary.

The projects will come up in the state capital Lucknow, Mathura-Vrindavan, Agra, Ghaziabad, Jhansi, Aligarh, Bareilly, Moradabad and Prayagraj.

UPRERA chairman Sanjay Bhoosreddy said the decision was taken at the 190th meeting of the authority in Lucknow on December 15.

“The investment of Rs 3,200 crore will strengthen the construction ecosystem, create employment opportunities, and ensure the availability of quality housing and commercial infrastructure,” he said.

UPRERA remains committed to transparency, regulatory compliance and the protection of homebuyers’ interests while encouraging responsible investment, he said.

Of the 16 projects, six are in Lucknow and two each in Agra and Ghaziabad and one each in Prayagraj, Jhansi, Aligarh, Bareilly, Mathura-Vrindavan and Moradabad. These projects span across affordable and mid-income housing categories.

The approvals underscore UPRERA’s effort to spread housing growth beyond Noida and Ghaziabad by drawing smaller cities into the framework of regulated and transparent real estate development, officials said.

According to UPRERA data, as of October, the authority has registered 4,500 projects, with cumulative investment exceeded Rs 2.5 lakh crore.

The National Capital Region (NCR) districts of Noida and Ghaziabad account for 45 percent of the registered projects.

There has been steady rise in real estate investment across Uttar Pradesh, supported by the state government’s reform-oriented policies, market observers said.

Initiatives such as streamlined approval processes, improved ease of doing business, infrastructure expansion, have significantly enhanced investor confidence, they said.