UP real estate boom: Investments surge 53% to Rs 69,000 crore in 2025; UP RERA cites rising developer confidence

Investments in Uttar Pradesh’s real estate sector jumped 53 per cent to Rs 69,000 crore in 2025, reflecting growing interest from developers across the country, UP RERA Chairman Sanjay R Bhoosreddy said on Tuesday.

He was speaking at the ICC Real Estate Summit 2026 held in the national capital.

Bhoosreddy said investments by promoters have seen a sharp rise over the past three years.

“In 2023, it was Rs29,000 crore of investment in the real estate sector, which increased in 2024 to Rs45,000 crore, and this year it has increased to Rs69,000 crore,” he said, addressing industry stakeholders, as quoted by news agency PTI.

The surge in investments has been accompanied by a rise in project approvals. Against an expectation of 300, UP RERA approved 308 real estate projects in 2025, around 20 per cent higher than the 259 projects sanctioned in 2024.

In comparison, 197 projects were approved in calendar year 2023, Bhoosreddy noted.

Construction activity has also picked up significantly. The number of housing units constructed stood at around 25,500 units in 2023, rising to between 65,500 and 70,000 units in 2024, and further to about 85,000 units in 2025.

Bhoosreddy attributed the rise in investments to growing confidence among developers, including firms from South India, Maharashtra and Karnataka, along with large national companies.

He added that UP RERA offers faster approvals, with a minimum timeframe of four days and a maximum of 30 days for registration if all details are provided.

Real estate development is expanding beyond Delhi-NCR, with growing interest in cities such as Agra, Varanasi, Prayagraj, Ayodhya, Kanpur and Gorakhpur.

The most expensive land rate in Ayodhya has reached Rs 1 lakh per square foot, he said.

Highlighting the sector’s economic role, Bhoosreddy said the next two decades would belong to real estate in terms of accelerating national and state GDP growth.

Meanwhile, ICC director General Rajeev Singh noted a structural shift in demand towards luxury and amenity-rich housing, driven by higher incomes and changing lifestyles.