UP RERA Clears 17 Projects Worth ₹4,844 Crore in UP

The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 17 real estate projects involving a proposed investment of ₹4,844.43 crore across eight districts of the state, with the developments expected to add 5,726 residential and commercial units.

The approvals were granted during the authority’s 217th, 218th and 219th meetings held at its headquarters under the chairmanship of UP RERA chairman Sanjay Bhoosreddy.

The projects cover Lucknow, Ghaziabad, Gautam Buddh Nagar, Kanpur, Meerut, Ayodhya, Firozabad and Moradabad, with Lucknow accounting for the largest share of the approved investment and proposed units.

Lucknow leads with nine projects

Lucknow has received approval for nine projects, comprising six residential developments, one mixed-use project and two commercial developments.

These projects involve an estimated investment of ₹2,203.27 crore and will add 3,031 units.

Ghaziabad has secured approval for two residential projects involving an investment of ₹943.28 crore. The developments will comprise 1,016 units.

In Gautam Buddh Nagar, one mixed-use project has been approved with a proposed investment of ₹940.43 crore. The project will include 456 units.

Kanpur has received approval for one residential project involving an estimated investment of ₹524.66 crore, with 597 units planned.

Also Read: UP RERA Makes Site Inspections Mandatory for Extensions

Residential projects cleared in five other districts

The authority has also approved residential developments in Meerut, Ayodhya, Firozabad and Moradabad.

Meerut’s approved project involves an estimated investment of ₹194.28 crore and will add 313 residential units. In Ayodhya, a project worth ₹26.61 crore has been cleared, comprising 159 units.

Firozabad has received approval for a residential project involving an investment of ₹10.87 crore, with 48 units proposed.

Moradabad’s approved residential project involves an estimated investment of ₹1.03 crore and will comprise 12 units.

Also Read: UP RERA Registers 217 Projects Worth Rs 46,795 Cr

UP RERA emphasises monitoring and transparency

UP RERA said the approved projects are expected to support construction activity across the state and generate direct and indirect employment opportunities.

The developments are also expected to benefit allied sectors, including construction materials, transportation, engineering and other businesses.

Chairman Sanjay Bhoosreddy said the authority was working to promote transparency, accountability and timely development in Uttar Pradesh’s real estate sector.

He added that timely approvals and effective monitoring of project development were helping create a more conducive environment for homebuyers and developers.

UP RERA said it would continue to ensure the effective implementation of the RERA Act, protect consumer interests and promote balanced and planned growth of the real estate sector across the state.

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