UP RERA approves 8 projects worth over Rs 1,948 crore
Lucknow, Oct. 7 -- The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Monday approved eight new real estate projects of over Rs 1,948 crore spread across the state, including Lucknow, Prayagraj, Agra, Jhansi, Noida, and Firozabad.
These projects will collectively create 3,005 new residential and commercial units, including flats, apartments, villas, plots, shops, and other commercial spaces in the state.
The UP RERA chairman Sanjay Bhoosreddy approved these projects while presiding over the 185th meeting of the regulatory authority at the Lucknow office.
According to UP RERA, these approved projects are located in Lucknow (3 projects), Prayagraj, Agra, Jhansi, Noida, and Firozabad (1 project each).
"This geographical distribution not only highlights the sustained real estate progress in major urban centres but also brings emerging cities like Jhansi and Firozabad into the mainstream of development," said Sanjay Bhoosreddy, chairperson, UP RERA.
The 3,005 new units to be constructed under these eight projects will significantly strengthen housing availability in the state. The projects include affordable housing, mid-income flats, villas, and plots.
The Rs 1,948 crore investment will not only fuel growth in the construction sector but also generate employment and business opportunities in allied industries such as cement, steel, tiles, paints, furniture, electronics, home decor, and financial services.
"The approval of eight projects in the 185th meeting clearly indicates that the real estate sector of Uttar Pradesh is moving steadily in a strong and trustworthy direction," said Bhoosreddy.
"The investment of Rs 1,948 crore and the sanctioning of over 3,000 new units are significant for both the state's economic progress and housing development," he added....
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