The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved 17 real estate projects across eight districts, involving a proposed investment of Rs 4,844 crore.
The projects will comprise more than 5,726 residential and commercial units, the authority said on Tuesday.
The approvals were granted during UP RERA’s 217th, 218th and 219th meetings at its headquarters. The districts covered are Lucknow, Ghaziabad, Gautam Buddha Nagar, Kanpur, Meerut, Ayodhya, Firozabad and Moradabad.
Lucknow accounts for largest share of approved projects
Lucknow received approval for nine projects, comprising six residential, one mixed-use and two commercial developments.
These projects involve an estimated investment of Rs 2,203.27 crore and will deliver 3,031 units.
Ghaziabad received approval for two residential projects with an estimated investment of Rs 943.28 crore. These projects will comprise 1,016 units.
Gautam Buddha Nagar received approval for one mixed-use project worth Rs 940.43 crore, comprising 456 units.
Five other districts receive project approvals
Kanpur received approval for one residential project involving an investment of Rs 524.66 crore. The project will comprise 597 units.
In Meerut, the authority cleared a project worth Rs 194.28 crore, with 313 units.
UP RERA also approved residential projects in Ayodhya, Firozabad and Moradabad. Their proposed investments and unit details are:
- Ayodhya: Rs 26.61 crore and 159 units.
- Firozabad: Rs 10.87 crore and 48 units.
- Moradabad: Rs 1.03 crore and 12 units.
UP RERA to monitor approved projects
UP RERA Chairman Sanjay Bhoosreddy said timely disposal of project proposals and regular monitoring were important to ensure developments progressed as planned.
He said the authority aimed to provide homebuyers with a safe and trustworthy environment while ensuring that developers followed prescribed regulations.
The authority said it would monitor the approved projects for compliance with the provisions of the Real Estate (Regulation and Development) Act and to protect homebuyers’ interests.
