UPRERA targets 400 project approvals in 2026 as infra drive fuels the real estate market across state

By Bricksnwall | 2026-05-08

UPRERA is expected to approve roughly 400 new projects in 2026 against 308 projects approved during the last calendar year. 

Uttar Pradesh Real Estate Regulatory Authority (UPRERA) is likely to clear around 400 new projects in 2026 as compared to 308 projects cleared in the last calendar year as the state’s property market is gaining momentum with major infrastructure upgrades, said chairman Sanjay R Bhoosreddy at a real estate summit organised by FICCI.

The rise was driven by infrastructural upgrades such as Noida International Airport, Ganga Expressway and extending Metro connections across Tier 2 and Tier 3 cities in the state, he said. 

Speaking at the 19th edition of FICCI Real Estate Summit in the capital on May 7, the UPRERA chairman said the authority is on schedule to approve over 400 new projects this year, which is a significant increase compared to the previous y'ears.

“Till 2023, UP-RERA used to sanction around 190 projects every year. This has increased to 259 projects in 2024 and 308 in 2025, with 108 projects already given the green light this year,” he said, adding that the authority’s regulatory capacity has been steadily strengthened.

Complaints are down 70%, with most past complaints being about legacy projects

concerns have come down by 70%. Most of the previous concerns were related to legacy projects, Bhoosreddy stated. “We get about two complaints to every new project that is registered,” he added. “The fall in complaints shows a sanitised market and opens the door for our next frontier – the elimination of information asymmetry.” The authority is also working on a system for price discovery, he said.

He said the property market in UP presently is not only limited to Lucknow, Noida, Greater Noida and Ghaziabad. “Real estate activities have picked up in other cities like Kanpur, Gorakhpur, Varanasi, Ayodhya, Jhansi, Hapur, Bareilly, Meerut, Muzaffarnagar and Gonda among others,” he added.

The real estate values in western UP have shot up due to infrastructure development including the Jewar airport, said Bhoosreddy. “The government has envisioned Uttar Pradesh as a $1 trillion economy with real estate playing a major role in achieving that goal. Equal opportunities have been given to all the promoters and also between the promoters and the purchasers under the RERA Act of 2016. “The State Government is implementing investor-friendly policies to further strengthen the sector,”he added. 

He stated that even although the real estate sector is growing rapidly, safeguarding customer trust is the top priority and called for establishing a dedicated ‘customer Samadhan Divas’ to address consumer issues in a timely and structured manner.

The Uttar Pradesh Real Estate Regulatory Authority on May 6 established the maximum cost of ₹1,000 for transfer of flats to legal heirs in event of death of the original allottee, much to the relief of homebuyers and their families. 

According to a PTI report, the UPRERA chairman had said developers or promoters will now have to, by default, transfer the property to the spouse, son or daughter of the deceased allottee, on payment of a modest processing fee of ₹1,000 on completion of 10 years under UP RERA.

The chairman further cited the continuous expansion of the real estate sector in the state as per UP RERA data. Figures show a rise in investor engagement, with 197 new projects filed in 2023, 259 in 2024 and 308 in 2025. There have been 106 projects registered in the first four months of 2026 alone, compared with 84 in the same period last year.

Investment through UP RERA too has seen good progress with ₹28,411 crore in 2023, ₹44,526 crore in 2024 and ₹68,328 crore in 2025. Investments of Rs 25,156 crore have been registered in the first four months of 2026.

Source: Hindustan Times