Rs 19,000 cr investments: Noida & Ghaziabad's rise as UP's homebuilding hubs explained
Noida and Ghaziabad have emerged as the primary hubs for real estate investment in Uttar Pradesh, accounting for over 60% of the state's total investment. Improved infrastructure and proximity to Delhi are cited as the main drivers for this growth.
Why it matters
It highlights regional economic development and the impact of infrastructure investment on urban real estate markets.
Homebuyers in Uttar Pradesh continue to see the biggest real estate activity in the NCR, with Noida and Ghaziabad together attracting 61% of the state's total investment in the first half of the year, according to UP-Rera's half-yearly report.The report said 143 projects worth Rs 31,952 crore were approved across the state during the period. Of these, 27 projects were in Noida and 19 in Ghaziabad, a UP-Rera official said.Together, the two districts drew investments of nearly Rs 19,000 crore — Rs 15,678 crore in Noida and Rs 3,989 crore in Ghaziabad. They will also add around 22,660 housing units, making up 49% of all homes approved in Uttar Pradesh. Noida will add 13,160 units, while Ghaziabad will add 9,500.Noida, Ghaziabad stay ahead despite fewer projectsLucknow recorded the highest number of registered projects at 37.
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