UP-RERA Registers 259 Real Estate Projects in 2024

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has registered 259 real estate projects in 2024, paving the way for nearly 2.7 lakh new homes across the state. This surge highlights the increasing demand for real estate development, fueled by infrastructure growth and investor-friendly policies.

Lucknow Leads in Real Estate Project Registrations

Among major cities, Lucknow has emerged as the top location for new developments, with 61 projects set to deliver nearly 54,000 residential units. The capital city has also attracted an estimated investment of ₹6,150 crore, reflecting its growing appeal among homebuyers and investors.

Following closely, Gautam Buddh Nagar recorded 51 new real estate projects, which will bring over 1.1 lakh housing units to the region, backed by a substantial investment of ₹20,929 crore. Ghaziabad secured the third position, further contributing to Uttar Pradesh’s booming real estate sector.

Infrastructure Growth Driving Demand

Sanjay Bhoosreddy, Chairman of UP-RERA, emphasized that improvements in education, employment, healthcare, and urban facilities are driving the demand for real estate projects beyond major hubs like Noida and Ghaziabad. The trend marks a shift from previous years when nearly half of all real estate projects were concentrated in Gautam Buddh Nagar.

Additionally, premium housing demand remains strong in Gautam Buddh Nagar and Ghaziabad, with many buyers from Delhi and NCR investing in upscale developments.

UP-RERA’s Commitment to Regulating Real Estate Projects

Before granting registration, UP-RERA conducts thorough reviews of new developments to safeguard homebuyers from fraudulent practices. The authority ensures compliance with regulations, promoting transparency and accountability in the sector.

UP-RERA Issues Warning Against Fraudulent Training Entity

In a recent advisory, UP-RERA warned against SIILC, a fraudulent entity falsely claiming to be an authorized training partner for real estate agent certification. SIILC has been charging ₹5,000 for certification courses through its website, misleading aspiring agents. The regulatory body has confirmed that SIILC is not affiliated with UP-RERA, and legal action will be taken against the organization for misrepresentation.

Conclusion

With an estimated ₹45,000 crore investment, the registration of 259 real estate projects in Uttar Pradesh signals strong market confidence and a booming housing sector. As cities like Lucknow, Gautam Buddh Nagar, and Ghaziabad continue to attract large-scale investments, homebuyers can expect better opportunities in the evolving real estate landscape.

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