Lucknow, Nov 3 (PTI) Ahead of Diwali, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday said it

Lucknow, Nov 3 (PTI) Ahead of Diwali, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday said it

Lucknow, Nov 3 (PTI) Ahead of Diwali, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday said it

Lucknow, Nov 3 (PTI) Ahead of Diwali, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) on Tuesday said it has approved 17 real estate projects in eight districts of the state, involving a proposed investment of Rs 4,844 crore and the development of over 5,726 residential and commercial units.

     The approvals for the projects in Lucknow, Ghaziabad, Gautam Buddha Nagar, Kanpur, Meerut, Ayodhya, Firozabad and Moradabad were cleared in the authority's 217th, 218th and 219th meetings, held at its headquarters, an official statement said.

     Lucknow accounted for the largest share, with nine projects -- six residential, one mixed-use and two commercial. These involve an estimated investment of Rs 2,203.27 crore and will comprise 3,031 units, UP RERA said.

     Ghaziabad received approval for two residential projects involving Rs 943.28 crore and 1,016 units. Gautam Buddha Nagar got approval for one mixed-use project worth Rs 940.43 crore, with 456 units.

     In other districts, Kanpur received approval for a residential project involving Rs 524.66 crore and 597 units, while a project worth Rs 194.28 crore with 313 units was cleared in Meerut.

     The authority also approved residential projects in Ayodhya, Firozabad and Moradabad. These involve proposed investments of Rs 26.61 crore, Rs 10.87 crore and Rs 1.03 crore, respectively. The projects will have 159, 48 and 12 units, respectively.

     "The timely disposal of project proposals and regular monitoring of their development were important to ensure that projects progressed as planned," UP RERA Chairman Sanjay Bhoosreddy said.

     He said the authority aimed to provide homebuyers with a safe and trustworthy environment while ensuring that promoters developed projects in accordance with prescribed rules.

     UP RERA said it would monitor the approved projects to ensure compliance with the provisions of the RERA Act and protect homebuyers' interests.

(This story has not been edited by THE WEEK and is auto-generated from PTI)