By Anusha Jain | Oct 05, 2025, 19:22 IST
Reference to India Times .On Vijayadashami, the Uttar Pradesh Housing and Development Board (UPHDB) shattered its own record by auctioning 992 properties across seven districts through its digital e-auction platform. The event generated an impressive ₹1,168.43 crore, reinforcing investor trust in the Yogi Adityanath government’s policies and marking a watershed moment for the state’s real-estate sector.
Held on 30 September 2025, the auction witnessed a surge of participants — investors, developers, and individual buyers — all competing for residential and commercial plots. Out of the 992 lots, 391 were residential sites and 601 were non-residential plots located in key cities including Lucknow, Kanpur, Agra, Ghaziabad, Moradabad, Aligarh, and Kasganj.
The transparent online process ensured a level playing field for all bidders, setting a new benchmark for e-governance in housing.
Officials from the Board confirmed that the proceeds from the auction will be utilized to fund new housing projects, upgrade urban infrastructure, and promote affordable housing for citizens. The initiative aligns perfectly with Chief Minister Yogi Adityanath’s vision of inclusive growth, transparency, and self-reliant urban development across Uttar Pradesh.
Registration for the auction began on 18 September, and the portal recorded a sharp rise in participation — a strong indicator of growing investor confidence in the state’s digital governance model. The entire process, from registration to final bidding, was conducted online, reducing procedural delays and ensuring complete transparency.
With total earnings of ₹1,168.43 crore, this auction stands among the most successful in the Board’s history. Experts believe that such initiatives are pushing Uttar Pradesh into a top position for real-estate investment, supported by government reforms, expanding infrastructure, and clear administrative practices.
A senior official noted that the funds raised will be reinvested in infrastructure and housing development, particularly in the affordable housing segment, benefiting thousands of residents. This effort highlights how technology and good governance can work together to create efficient, citizen-centric systems.
The record Vijayadashami e-auction signifies not just a financial milestone but also Uttar Pradesh’s transformation into a modern, investment-friendly state. Under CM Yogi Adityanath’s leadership, the state continues to redefine growth through innovation, transparency, and public welfare, setting new benchmarks for real-estate progress and urban renewal across India.
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