Gautam Buddha Nagar. In the month of September, maximum 36 new real estate projects have been registered in the Uttar Pradesh Real Estate Regulatory Authority (UP RERA). This is the highest number of projects registered in a month which is a new record in itself. These projects include 32 residential and 4 commercial projects with an estimated cost of Rs.3648.35 crore. A total of 8116 units/units will be constructed from these projects, in which 6931 new residential and 1185 commercial units are proposed. 12 projects have been registered in the districts of NCR.
After recovering from the COVID-19 pandemic in the year 2020 and 2021, this festive season is showing progress in all sectors and real estate is no exception. Especially the real estate sector of Uttar Pradesh is setting new records in this matter and this is a sign of a speedy recovery from the pandemic for the real estate sector. Uttar Pradesh has several huge infrastructure projects like; Construction of International Airport, Rapid Rail, Metro Rail, Expressway and Highway, Transport Hub, Data Center, Logistic Park, and Freight Corridor and strong development of common infrastructure and conducive environment for multi-faceted industrial investment gave a boost to the real estate sector. Is.
Manoj Gaur, Chairman and Managing Director, CREDAI NCR and Gaur Group, said, “This is a significant development for the sector, after a sluggish period of 2 years, the real estate sector is marching towards a new high in Uttar Pradesh. Used to be. Earlier we used to see that the center of development of most of the real estate was in NCR, but now we can see the growth of the area in other parts of Uttar Pradesh, resulting in a similar growth of this area in other parts of the state as well. happened. The highest ever projects registered in UP RERA in the month of September 2022 shows that there is already a huge demand for residential and commercial projects in the market of UP and this demand will increase further if the economy continues to grow at the same rate. We welcome this news from UP RERA and hope that UP RERA continues to break this record. (talk)
