2 min readLucknowUpdated: Nov 12, 2025 04:36 PM IST
The investment approved in Lucknow is Rs 136.94 crore; Varanasi is Rs 48.94 crore; Kanpur is Rs 173.64 crore; and Bareilly’s two projects are worth Rs 60.42 crore. (Source: Express Archives)
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six new real estate projects involving an estimated investment of Rs 863.94 crore.
The projects have been approved across five districts — Bareilly, Kanpur Nagar, Noida, Lucknow, and Varanasi — and 1,470 commercial and residential units will be developed under them.
The authority took the decision in a meeting, headed by its chairman Sanjay Bhoosreddy, held at its headquarters.
As per officials, two projects have been approved in Bareilly, a city renowned for its zari-zardozi embroidery and furniture craftsmanship. One project each has been sanctioned in Kanpur Nagar, the industrial hub of the state, and in Noida, Lucknow, and Varanasi, known for their economic, administrative, and cultural significance respectively.
The investment approved in Lucknow is Rs 136.94 crore; Varanasi is Rs 48.94 crore; Kanpur is Rs 173.64 crore; and Bareilly’s two projects are worth Rs 60.42 crore. Noida has the highest investment at Rs 444 crore.
Most of the approved projects are residential in nature, while commercial projects have been sanctioned in Lucknow and Noida.
A RERA spokesperson said the state aims to stimulate growth in cement, steel, tiles, electrical equipment, paint, furniture, transport, and financial services, thereby providing a strong multiplier effect to the state’s economy.
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Chairman Bhoosreddy said, “The proposed investment of about Rs 864 crore will not only boost the construction industry but also provide new momentum to the state’s economy and employment generation. Through a transparent and accountable regulatory mechanism, UP RERA ensures that every project complies with the rules, safeguarding the interests of homebuyers and maintaining investor confidence.”
Bhupendra Pandey is the Resident Editor of the Lucknow edition of The Indian Express. With decades of experience in the heart of Uttar Pradesh’s journalistic landscape, he oversees the bureau’s coverage of India’s most politically significant state. His expertise lies in navigating the complex intersections of state governance, legislative policy, and grassroots social movements. From tracking high-stakes assembly elections to analyzing administrative shifts in the Hindi heartland, Bhupendra’s reportage provides a definitive lens on the region's evolution.
Authoritativeness He leads a team of seasoned reporters and investigators, ensuring that The Indian Express’ signature "Journalism of Courage" is reflected in every regional story. His leadership is central to the Lucknow bureau’s reputation for breaking stories that hold the powerful to account, making him a trusted figure for policy analysts, political scholars, and the general public seeking to understand the nuances of UP’s complex landscape.
Trustworthiness & Accountability Under his stewardship, the Lucknow edition adheres to the strictest standards of factual verification and non-partisan reporting. He serves as a bridge between the local populace and the national discourse, ensuring that regional issues are elevated with accuracy and context. By prioritizing primary-source reporting and on-the-ground verification, he upholds the trust that readers have placed in the Express brand for nearly a century. ... Read More
