Noida and Ghaziabad continue to strengthen their position as key real estate markets in Uttar Pradesh, accounting for ₹19,000 crore of investment across 46 newly approved projects during the first half of 2026, according to data from the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA).
The two National Capital Region (NCR) cities together accounted for around 61% of the state’s total real estate investment during the period. The latest figures underline the growing importance of Noida and Ghaziabad within Uttar Pradesh’s residential property market.
Noida and Ghaziabad Attract ₹19,000 Crore Investment
According to the UP-RERA half-yearly report, Uttar Pradesh approved 143 real estate projects with a combined investment of ₹31,952 crore during the period.
Noida, also known as Gautam Buddh Nagar in the UP-RERA data, accounted for 27 projects, while Ghaziabad recorded 19 projects. Investment in Noida stood at approximately ₹15,678 crore, compared with around ₹3,989 crore in Ghaziabad.
The figures place the two NCR markets significantly ahead of several other major property markets in the state in terms of investment value.
22,660 New Housing Units to Be Added
The latest approvals are also expected to add a substantial amount of housing inventory to the Uttar Pradesh market.
Noida is expected to contribute approximately 13,160 housing units, while Ghaziabad will add around 9,500 units. Together, the two cities account for approximately 22,660 new housing units, representing about 49% of all housing units approved across Uttar Pradesh during the period.
The increase in new supply comes as both cities continue to witness demand from homebuyers looking for residential options within the wider Delhi-NCR region.
Infrastructure Continues to Support NCR Real Estate
Strong infrastructure development remains one of the major factors supporting real estate activity in Noida and Ghaziabad.
Both cities have benefited from expanding road networks, metro connectivity, expressways, industrial development and other large-scale infrastructure initiatives. These developments have improved connectivity with Delhi and other parts of NCR while supporting the expansion of residential and commercial activity.
Market observers have also linked the region’s investment momentum to its proximity to Delhi and its ability to attract homebuyers and investors from across the country.
Lucknow Leads in Project Registrations
While Noida and Ghaziabad dominated the investment figures, Lucknow recorded the highest number of registered projects, with 37 projects approved during the period.
The state capital attracted approximately ₹3,834 crore in investment and accounted for around 9,872 housing units, according to the report.
The comparison indicates that while Lucknow has a higher number of individual project registrations, Noida and Ghaziabad continue to command significantly larger investment values because of the scale of projects being developed in the NCR region.
What the Numbers Mean for Noida and Ghaziabad
The latest UP-RERA figures point to continued developer confidence in Noida and Ghaziabad. The scale of investment and new housing supply suggests that both markets are likely to remain important contributors to Uttar Pradesh’s real estate growth.
For homebuyers, the addition of new projects could provide greater choice across different residential segments. At the same time, continued infrastructure development and employment growth will remain important factors in determining how demand and property values evolve across individual micro-markets.
Outlook
Noida and Ghaziabad are expected to remain at the centre of Uttar Pradesh’s real estate activity as infrastructure expansion, new project launches and NCR’s continuing urbanisation support market growth.
The latest UP-RERA data shows that the two cities are not only attracting a substantial share of the state’s real estate investment but are also contributing nearly half of its newly approved housing inventory. As development activity continues, their role in shaping Uttar Pradesh’s residential property market is likely to remain significant.
