Ghaziabad: Around 220 new real estate projects have been registered with UP-Rera across the state in the first 10 months of this year, suggesting a jump in numbers aligning with pre-Covid levels.
Of these, the NCR districts of Noida, Ghaziabad and Meerut accounted for 76 or 35% of the total registrations.
"However, the number of new registrations in non-NCR districts too saw a significant jump.Districts not in the vicinity of Delhi had 144 new projects registered this year. The numbers are almost equal to those in the pre-Covid years of 2017-18," said a Rera official.
While 220 new projects have been registered so far this year, the number was 190 in 2023 and 215 the year before.
Among non-NCR districts, projects were registered in Mathura, Ayodhya, Bareilly, Moradabad, Jhansi, Prayagraj, Varanasi, and Lucknow.
"The registration of new projects presents a positive framework for the regulated development of the real estate sector in UP. It also indicates that real estate is now expanding rapidly in non-NCR districts as well," the official added.
Since the inception of Rera, 3,756 projects have been registered in residential, commercial, and mixed categories in the state. Of them, 1,701 projects are spread across Noida, Ghaziabad and Meerut and the remaining 2,055 in other parts of the state.
Out of all these registered projects, around 1,700 are new, which means they were included in Rera records after May 1, 2017. A total of 2,056 projects are in various stages of construction and were registered before May 2017.
In the non-NCR districts, 1,068 are newly registered projects while 987 are in the ongoing category. Of 1,701 projects registered in NCR since Rera's inception, 632 are new.
In the NCR districts, 1,015 projects have been registered in Noida so far, 785 in Lucknow, and around 470 in Ghaziabad.