UP RERA Approves Eight New Real Estate Projects; Over 3,000 Housing Units Planned | Details

In a major boost to Uttar Pradesh’s real estate sector, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved eight new real estate projects across the state, paving the way for an investment of Rs 1,948 crore. These projects will together deliver 3,005 housing and commercial units, including flats, villas, plots, shops, and apartments.

The approvals were granted during the 185th meeting of UP RERA, held on Monday under the chairmanship of Sanjay Bhoosreddy at the authority’s headquarters. Senior officials and domain experts were also present at the meeting.

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According to officials, the new projects are expected to spur employment and investment while meeting the rising demand for affordable and mid-segment housing in both urban and semi-urban areas.

Out of the eight approved projects, three are located in Lucknow, while one each will be developed in Prayagraj, Agra, Jhansi, Noida, and Firozabad. The authority said the move highlights how real estate development in Uttar Pradesh is now expanding beyond major metropolitan centres.

The upcoming 3,005 housing units will include a mix of affordable and mid-income group flats, villas, and residential plots, enhancing housing supply in the state.

The Rs 1,948 crore investment is expected to provide a strong push to allied sectors such as cement, steel, paint, tiles, furniture, electronics, home décor, and financial services, while generating thousands of employment and business opportunities.

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List of Approved Projects:

-Atal Puram Township Phase-2, Agra Development Authority - Rs 40,349 lakh

-Chief Minister’s Urban Expansion Scheme (New Jhansi) Phase-2, Jhansi Development Authority - Rs 26,993 lakh

-Reciprocal Green, M/s Reciprocal Park LLP, Lucknow - Rs 6,503 lakh

-The Next Lakh, M/s Omaxe Garv Buildtech Pvt Ltd, Lucknow - Rs 3,699 lakh

-Anandam, True Space Realty, Lucknow - Rs 1,601 lakh

-Ashtech Presidential Tower, M/s Ashtech Industries Pvt Ltd, Noida - Rs 1,03,917 lakh

-Palm Royal, M/s MRPL Developers, Firozabad - Rs 4,995 lakh

-Solitaire Plot, Innovators Digital Ads Pvt Ltd, Prayagraj - Rs 6,803 lakh

UP RERA Chairman Sanjay Bhoosreddy said the approvals reflect the growing confidence in Uttar Pradesh’s real estate sector.

“The approval of eight new projects worth nearly Rs 2,000 crore underlines that the state’s real estate market is progressing in a strong and reliable direction. This investment and the addition of over 3,000 units are crucial for the state’s economic and residential growth,” Bhoosreddy stated.