UP RERA Report Card 2025: Noida Leads as Investments Jump 53.5%

• 308 projects registered in 2025, up 19% year-on-year

• Capital investment jumps 53.5% to ₹68,328 crore

• UP RERA Report Card 2025: Ayodhya, Varanasi and Mathura gain momentum

Uttar Pradesh’s real estate sector delivered a robust performance in 2025, with higher project registrations, sharply rising investments and broader regional participation, according to the latest report released by UP RERA.

The regulator recorded 308 real estate project registrations in 2025, compared to 259 in 2024, marking a 19% increase year-on-year. Alongside this, capital investment surged by 53.5%, rising from ₹44,526 crore last year to ₹68,328 crore, underlining growing confidence among developers and investors.

Noida Drives the Growth Engine

Noida emerged as the state’s clear frontrunner in 2025. The city accounted for 69 registered projects and 37,199 approved residential and commercial units, supported by the highest investment value of ₹37,161 crore. Ghaziabad followed with ₹12,750 crore in investments, while Lucknow recorded ₹9,398 crore, reinforcing their continued importance in Uttar Pradesh’s real estate ecosystem.

The report attributes Noida’s dominance to sustained infrastructure momentum, including expressways, metro connectivity, and proximity to key economic corridors, which have translated into strong demand across residential and commercial segments.

Approved Units See Healthy Expansion

UP RERA approved 84,976 residential and commercial units in 2025, up from 69,365 units in 2024—an increase of 22.5%, or 15,611 additional units. Of these, 62,672 units are residential, including apartments, plots and villas, while 22,304 units are commercial, covering shops, studios and other business spaces.

Over the last two years combined (2024 and 2025), the regulator has approved 1,54,341 units, significantly expanding the supply pipeline for both homebuyers and investors across the state.

Infrastructure Push Lifts Investor Sentiment

According to the report, the sharp rise in investments reflects the impact of large-scale infrastructure initiatives such as expressways, metro rail projects, industrial corridors, smart city programmes and urban rejuvenation schemes. These developments have improved connectivity, enhanced livability and made both established urban centres and emerging cities more attractive for long-term real estate investment.

UP RERA Chairman Sanjay Bhoosreddy said the 2025 performance demonstrates growing trust in the regulatory framework. He highlighted the authority’s focus on transparency, accountability, timely project completion and balanced regional development, aimed at protecting homebuyers while maintaining an investor-friendly environment.

Non-NCR and Tier-2 Cities Gain Share

The data also points to a steady shift toward regionally diversified growth. In 2025, 186 of the 308 registered projects were located outside the NCR, compared to 170 non-NCR projects in 2024. While NCR districts still play a major role, the rising share of non-NCR registrations highlights the growing appeal of Tier-2 and emerging cities, supported by better connectivity and urban expansion.

Regional Breakdown

• Western Uttar Pradesh approved 175 projects with investments worth ₹55,620.43 crore, covering over 60,000 units. Noida, Ghaziabad and Agra led this region.

• Central Uttar Pradesh recorded 104 projects with investments of ₹11,270.42 crore and 21,646 planned units, led by Lucknow, followed by Jhansi and Kanpur Nagar.

• Eastern Uttar Pradesh saw 29 projects approved with investments of ₹1,436.86 crore, generating over 3,100 units. Varanasi topped this region, ahead of Gorakhpur and Ayodhya.

Religious Cities Attract Fresh Investment

The report also notes rising real estate activity in religious and pilgrimage centres, driven by tourism-led economic growth and infrastructure upgrades. Mathura registered 23 projects, while Varanasi saw nine new registrations. Ayodhya, gaining national prominence, recorded five projects, and Prayagraj added seven, signalling renewed confidence in these cities’ long-term prospects.

Outlook

With strong infrastructure delivery, expanding urbanisation and regulatory stability, UP RERA’s 2025 report suggests that Uttar Pradesh’s real estate sector is entering a phase of broader, more sustainable growth, extending well beyond traditional hotspots.