UP RERA approves 15 real estate projects worth Rs 2,434 crore across 8 districts

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 15 new projects worth Rs 2,434 crore across eight districts of the state, the authority said on Friday.

The approvals were finalised during the 187th meeting of UP RERA chaired by Sanjay Bhoosreddy. The projects will include the development of 3,043 flats, 98 plots and 50 shops.

According to the authority, the new projects are spread across Lucknow, Shahjahanpur, Mathura, Moradabad, Ghaziabad, Hapur, Noida and Jhansi. Shahjahanpur received the highest number of clearances with three projects, followed by Lucknow, which also secured three approvals. Mathura, Moradabad and Ghaziabad each received two project sanctions, while Hapur, Noida and Jhansi got one project each.

Most of the approved developments are residential, while the commercial projects are located mainly in Moradabad, Ghaziabad and Hapur. UP RERA said the approvals indicate a balanced spread of real estate growth across the state.

Bhoosreddy said the clearances mark another step in improving transparency and systematic growth in Uttar Pradesh’s property sector.

“The 15 projects approved in the 187th meeting reflect the state’s growing real estate potential. The Rs 2,434 crore investment will not only boost construction activity but also significantly contribute to Uttar Pradesh’s economy and employment generation,” Bhoosreddy said.

The authority said the projects are expected to generate thousands of direct and indirect jobs and drive demand in sectors such as steel, cement, tiles, paint, furniture, transport and financial services.

With Shahjahanpur emerging as a new property hub and commercial growth continuing in Moradabad and Ghaziabad, UP RERA said the latest approvals show that development is expanding beyond the state’s major urban centres.

(With inputs from agencies)