Uttar Pradesh's Real Estate Boom: Over 400 New Projects Expected by 2026
Uttar Pradesh's UP-RERA anticipates sanctioning 400 new real estate projects in 2026, up from 308 in 2025, driven by improved infrastructure across the state. This growth extends beyond major cities, highlighting a statewide property market expansion. Experts emphasize the importance of digital integration and awareness of the RERA Act.
Uttar Pradesh's real estate regulatory authority, UP-RERA, is projected to approve 400 new projects in 2026, marking a significant increase from the 308 sanctioned in the previous year. Chairman Sanjay R Bhoosreddy attributes this growth to infrastructure advancements across the state.
At a real estate summit organized by Ficci, Bhoosreddy noted that UP's property market is expanding beyond major areas like Lucknow and Noida to other cities such as Kanpur and Varanasi. The RERA law, he said, has ensured a level playing field for developers and consumers, leading to increased transparency and fairness.
Other experts, including Anand Kumar and Sandip Somany, stressed the need for greater awareness of the RERA Act. Industry leaders highlighted that India's real estate sector, particularly the residential market, is poised for further growth, backed by rising investor confidence and an aspirational population.
(With inputs from agencies.)
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