The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six real estate projects with an investment of Rs 863.94 crore.
The projects, located across Bareilly, Kanpur Nagar, Noida, Lucknow, and Varanasi, will develop 1,470 residential and commercial units. Noida will receive the highest investment at Rs 444 crore, followed by Kanpur Nagar at Rs 173.64 crore, and Lucknow at Rs 136.94 crore. These projects are expected to strengthen the state's housing and commercial infrastructure, creating both direct and indirect employment opportunities.
Most of the projects are residential, while those in Lucknow and Noida are commercial. UP RERA attributes the growth to its transparent processes and growing investor confidence, expanding real estate activity into smaller cities and boosting local employment and economic activity.