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UPRERA gives approval to 15 real estatProjects across 8 districts of UP

Lucknow, Oct 13 (UNI) The Uttar Pradesh Real Estate Regulatory Authority today approved 15 real estate projects across eight districts of the state, paving the way for fresh investment and expansion of residential and commercial infrastructure.
The approved projects involve a proposed investment of Rs₹1,226.57 crore and envisage the development of 1,549 residential and commercial units.
The projects are expected to accelerate construction-related activities in the respective districts and generate direct and indirect employment.
The resulting development is also likely to support allied sectors, including building materials, transportation, engineering and labour, thereby contributing to local economic growth.
The approvals were granted during the 216th Authority Meeting of UP RERA, held at the Authority's headquarters under the chairmanship of UP RERA Chairman Sanjay Bhoosreddy. Following a detailed examination of the project proposals, the Authority approved 15 projects.
UP RERA stated that the approved projects would be developed in accordance with the provisions of the RERA Act. The Authority will focus on monitoring project progress, ensuring adherence to regulatory requirements and promoting timely completion of development work.
Lucknow has emerged as the leading district among the approved projects in terms of investment, number of projects and proposed residential units. Seven residential projects have received approval in the district, involving an estimated investment of ₹471.24 crore. These projects will collectively provide 599 residential units.
Varanasi ranks second in terms of the number of approved projects, with two projects cleared by the Authority. These comprise one residential project and one mixed-category project. The projects involve a proposed investment of approximately ₹166.73 crore and will facilitate the development of 330 units.
UP RERA has approved one residential project in Barabanki, with a proposed investment of approximately ₹12.68 crore. The project will comprise 92 residential units.
One residential project has been approved in Mathura. With an estimated investment of ₹252.80 crore, the project is expected to add 310 residential units.
The Authority has granted approval to one mixed-category project in Moradabad. The project entails an estimated investment of ₹42.34 crore and proposes the development of four units.
One commercial project has been approved in Agra. The project involves a proposed investment of ₹135.00 crore and will facilitate the development of 29 commercial units.
Approval was given to one residential project in Meerut, involving an estimated investment of ₹26.44 crore. A total of 63 residential units are proposed to be developed under the project.
One mixed-category project has received approval in Bulandshahr. The project involves an estimated investment of ₹119.34 crore and envisages the development of 122 mixed-category units.
The proposed investment of ₹1,226.57 crore in the newly approved projects is expected to generate business opportunities across the real estate and construction ecosystem. Sectors such as construction materials, transportation, engineering, labour and other allied services are likely to benefit from the implementation of these projects.
UP RERA Chairman Sanjay Bhoosreddy said that the Authority is consistently working towards making the state's real estate sector more organised, transparent and accountable. He stated that, alongside granting approvals to eligible projects through the prescribed process, UP RERA is also keeping a close watch on their development.
He further said that the Authority is committed to ensuring effective implementation of the RERA Act and maintaining a transparent and reliable regulatory framework for both promoters and homebuyers.
Bhoosreddy added that UP RERA would continue to encourage balanced and planned real estate development across the state while ensuring that the interests of homebuyers remain protected.
UNI MBD SS
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