LUCKNOW, May 22 -- The Indian Chamber of Commerce hosted the ICC UP Real Estate Summit 2026 on Thursday, where policymakers deliberated on Uttar Pradesh's evolving real estate landscape and its role in the state's vision of becoming a $1 trillion economy. The summit brought together policymakers, regulators, developers, investors, consultants, and industry stakeholders to discuss infrastructure-led growth, housing demand across emerging cities, regulatory reforms, technology adoption and the future of commercial and coworking spaces in Uttar Pradesh. Addressing the gathering, Rajeev Kumar Singh, director general, Indian Chamber of Commerce, said, "Uttar Pradesh today is witnessing a structural transformation where development is no longer concentrated around NCR alone." "Expressways, airports, industrial corridors and enhanced regional connectivity are creating new growth centres across the state, including emerging cities and smaller towns. This shift is opening up significant opportunities for real estate, infrastructure and industrial development simultaneously," he added. "With stronger governance, improving investor confidence, policy continuity and greater protection of capital, the sector is entering a more stable and growth-oriented phase," Singh said. Awanish Kumar Awasthi, advisor to the CM, during an interactive session apprised the gathering of the steps taken by the state government to transform the economy. He also shared in detail future plans of the state government. Balkar Singh, housing commissioner, UP, said: "Real estate and housing remain among the strongest indicators of economic development for any state, and UP today is witnessing this transformation across multiple regions." "While NCR has already emerged as a major housing destination, the state is now actively expanding development across Tier-II and Tier-III cities through integrated townships, new housing schemes, industrial clusters and urban expansion initiatives," he added. Sanjay R Bhoosreddy, chairman, UP RERA, said, "The real estate sector in Uttar Pradesh has entered a growth phase after the market revival that began in late 2023. NCR micro-markets, including Noida, Greater Noida and the Yamuna Expressway corridor, have witnessed strong appreciation and renewed investor confidence. Invest UP additional CEO Prerna Sharma highlighted how Global Capability Centres (GCC) are emerging as key demand drivers for remote and emerging locations. Sharma emphasised that Uttar Pradesh, especially Lucknow, has all the ingredients to emerge as a major GCC hub....