In a significant boost to the state's property market, the Uttar Pradesh real estate regulatory authority has given its nod to 16 new projects. This clearance is set to unlock a substantial estimated investment of Rs 3,200 crore and will lead to the addition of 3,845 units across residential, commercial, and mixed-use segments. The approvals span nine districts, signaling broad-based development activity beyond the National Capital Region (NCR).
District-Wise Breakdown: Lucknow Takes the Lion's Share
The state capital, Lucknow, emerged as the frontrunner, accounting for the largest chunk of the new development pipeline. A total of six projects were approved here, involving a massive investment of Rs 2,155 crore. The Lucknow portfolio is diverse, comprising two residential projects, two mixed-use developments, and two commercial ventures. Together, these are expected to add 1,406 new units to the city's real estate inventory, catering to a wide spectrum of demand.
Other key districts also received substantial clearances. Agra was cleared for two projects—one residential and one mixed-use—with a combined investment of Rs 201 crore for 668 units. Reflecting the steady demand for office and retail spaces in the NCR's periphery, Ghaziabad received approval for two commercial projects worth Rs 74 crore, which will add 210 units.
Residential Focus Across Other Major Districts
The list of approvals highlights a strong focus on residential development across several urban centers. Moradabad got a major residential project valued at Rs 516 crore, comprising 544 units. Bareilly was approved for a residential venture worth Rs 104 crore with 454 units.
Further approvals include:
- Aligarh: One residential project worth Rs 77.5 crore with 142 units.
- Mathura-Vrindavan: A residential project with an investment of Rs 50.5 crore for 127 units.
- Jhansi: A residential development worth Rs 16 crore adding 220 units.
- Prayagraj: Clearance for a residential project involving Rs 6 crore and 74 units.
Broader Economic Impact and Market Trends
While housing projects dominate the latest list, the clearances for commercial and mixed-use developments in Lucknow and Ghaziabad point to sustained demand beyond the residential segment. This balanced growth is crucial for creating integrated urban ecosystems.
Officials highlighted that the cumulative investment of Rs 3,200 crore is expected to have a multiplier effect on the state's economy. It will boost construction activity and generate significant employment across allied sectors such as building materials, transportation, and various professional services. This wave of new projects underscores the continued confidence of developers in the growth potential of Uttar Pradesh's real estate market, from its metropolitan hubs to emerging tier-II cities.
