UP RERA: Over 1.15 Lakh Units in UP, Buyers Advised Caution

Lucknow, Jun 3 (PTI) More than 1.15 lakh residential and commercial units are currently available in Uttar Pradesh's real estate market, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has said, advising homebuyers and investors to make property decisions only after proper verification and assessment of their financial capacity.

The available inventory includes flats, villas, plots, shops, offices, and other commercial spaces, indicating that buyers have sufficient options according to their requirements and budgets, the regulator said in a statement on Tuesday.

UP RERA said the western zone accounts for the largest share of the available stock, with over 60,000 units, constituting nearly 55 per cent of the total inventory. The region continues to remain a major centre of real estate activity with projects across various categories offering units for sale.

The authority said the central zone has over 40,000 units available, accounting for around 35 per cent of the total stock, while more than 15,000 units are available in the eastern zone.

"These figures show that adequate availability of residential and commercial properties exists across major regions of the state," UP RERA said.


The regulator cautioned buyers against claims by some promoters or agents that property prices would rise sharply soon or that available units would be sold out quickly.

"Such claims are often used to create pressure on buyers to make immediate bookings," it said, adding that "the current market data does not indicate any shortage of inventory".

UP RERA advised prospective buyers to verify important details such as project registration, promoter record, approved maps, project status and possession timelines before investing.

"All necessary information is available on the RERA portal, which buyers can study before taking a safer decision," the authority said.

It added that investment in real estate is a long-term financial decision and buyers should avoid being influenced by misleading advertisements, artificial scarcity or pressure tactics.

The regulator urged homebuyers and investors to rely on facts and available data while selecting properties and take decisions after due caution.