UP real estate sees strong growth as RERA registers 143 projects in H1 2026

Uttar Pradesh’s real estate sector continued to grow during the first half of 2026, with registrations of new projects, proposed housing units and investments increasing compared with the corresponding period last year, according to the Uttar Pradesh Real Estate Regulatory Authority’s (UP RERA) half-yearly report released on Thursday.

The report said 143 new real estate projects were registered between January and June 2026, compared with 134 projects during the same period in 2025.

The newly registered projects propose the construction of 46,049 residential units, up from 35,082 units in the first six months of 2025, marking an increase of more than 31 per cent. The projects are expected to attract investments of around Rs 31,952 crore.

Lucknow recorded the highest number of fresh project registrations with 37 projects. Gautam Buddh Nagar followed with 27 projects, while Ghaziabad registered 19 projects. Agra and Mathura recorded 10 projects each, followed by Varanasi with seven.

Despite ranking second in the number of new projects, Gautam Buddh Nagar remained the state’s biggest market in terms of proposed investment and residential units. The district accounted for investments worth Rs 15,678 crore and 13,160 proposed housing units, reflecting sustained demand for premium and luxury housing.

Ghaziabad followed with investments of Rs 6,989 crore and 9,500 proposed housing units, while Lucknow accounted for investments of Rs 3,834 crore and 9,872 units.

According to the report, the figures indicate that real estate growth in Uttar Pradesh is no longer limited to the National Capital Region (NCR), with Lucknow emerging as the state’s leading non-NCR real estate destination.

The report also highlighted consistent year-on-year growth in the sector over the past three years. Registered projects increased from 197 in 2023 to 259 in 2024 and 308 in 2025. Proposed residential units rose from 55,297 in 2023 to 69,365 in 2024 and 84,976 in 2025.

Capital investment increased from Rs 28,411 crore in 2023 to Rs 44,526 crore in 2024 and Rs 68,328 crore in 2025, registering a 53.5 per cent increase over the previous year.

UP RERA Chairman Sanjay Bhoosreddy said the steady increase in project registrations, housing units and investments reflected growing confidence among homebuyers and investors.

“The half-yearly report shows that confidence in Uttar Pradesh’s real estate sector continues to grow. The increase in projects, residential units and investments is the result of the state’s development-oriented policies and UP RERA’s commitment to transparency, accountability and timely completion of projects,” he said.

The report also highlighted consumer protection measures undertaken during the reporting period. UP RERA facilitated refunds worth Rs 2,173.78 crore to 8,212 homebuyers through district administrations and settlements with developers.

It added that disputes worth more than Rs 6,032 crore were resolved in 11,558 cases during the reporting period through RERA benches, conciliation forums and online settlements.

According to the report, UP RERA has so far conducted 206 sessions of its video conferencing-based “RERA Samvad” initiative, launched during the COVID-19 pandemic, helping resolve 5,375 grievances raised by homebuyers, developers and other stakeholders.