Synopsis: Uttar Pradesh bagged over ₹50,000 crore worth investment pledges at its Global Growth Dialogue 2026, in Bengaluru. Close to more than 15 companies had signed MoUs for industrial parks, GCCs, and infrastructure.
India’s tech hub saw an investor roadshow led by Chief Minister Yogi Adityanath on June 24, 2026 to make the investment case for Uttar Pradesh as the next GCC destination. UP secures investment proposals worth more than ₹50,000 crore from over 15 companies during the roadshow in Bengaluru, to attract investments in industrial parks, Global Capability Centres (GCCs), electronics manufacturing and logistics.
- Prestige Group– ₹15,000 crore, the single largest pledge of the event
- Blackstone-backed Horizon– ₹10,000 crore MoU for industrial parks
- Embassy REIT and Raheja Mindspace REIT– ₹5,000 crore each
- Sattva Developers– ₹4,000 crore
- Shriram Properties– MoU to develop private industrial and business parks across the state
GCC sector signals a shift toward high-value jobs
On the GCC front, global names came forward as well, LG, Aon, MetLife, and Table Space signed MoUs to explore Global Capability Centre operations in UP, while TeamLease entered a non-financial agreement to build a skilled talent pipeline for GCC-linked industries. The message to the market was clear, that, UP is moving beyond land and factories, and chasing tech-driven, high-value employment instead.
Why Bengaluru?
Choosing Bengaluru for the pitch wasn’t incidental. Three thematic sessions ran through the day, covering urban infrastructure, GCCs and IT-ITeS, and foreign direct investment. A promotional film played up UP’s expressways, its Defence Corridor, the Data Centre Park, and its EV ecosystem, alongside claims of improved law and order, all aimed at a city that already understands what growth looks like.
Policy Push and Real Estate Impact
- A GCC Policy is already notified.
- The Incentive Policy 2023 to attract FDI and Fortune 500 companies has been planned with a fund of ₹100 crore in the 2026-27 state budget.
- UP is targeting ₹3 trillion in investments in 2025-26, for manufacturing alone.
- Single window clearance, a ready land bank and skilled workforce are additional pull factors.
The expected impact on key real estate markets of UP are,
1. Lucknow- Gomti Nagar Extension
- Average property prices are estimated to vary between ₹6,800 per sq. ft. and ₹8,500 per sq. ft.
- Going by market estimations, the region might see appreciation of 10% to 14% in property values in the coming 24 months driven by increase in GCC footprint and growth of the IT or ITeS sector.
2. Noida- Sector 150
- Residential property prices are estimated at range around ₹9,500 per sq. ft. to ₹12,000 per sq. ft.
- The locality is likely to register an appreciation of 8% to 12% due to its connectivity to future business parks and commercial hubs.
3. Yamuna Expressway (Plots)
- The plot prices range from approximately ₹28,000 per sq. yd. to ₹40,000 per sq. yd. and are influenced by factors of location and project.
- Market observers predict potential 12% to 15% upside in the prices owing to the infrastructure development including Jewar Airport and other industrial development in the area.
Also read: Hyderabad Airport to Introduce Arrival Fee from September 1, 2026: What Passengers Need to Know
4. Kanpur Industrial Belt
- Average residential property prices range approximately between ₹4,200 per sq. ft. and ₹5,500 per sq. ft.
- Based on the existing market forecast growth rate is relatively modest around 6% to 8%, based on manufacturing investment and infrastructure logistics growth.
5. Varanasi- Kashi IT Park Zone
- Property prices are approximately ₹5,500 per sq. ft. to ₹7,200 per sq. ft.
- According to industry estimates, the rental demand will increase by 9% to 11% in the GCC market amid growth in job opportunities stemming from global corporate and technology companies.
Please Note: The above figures are sources taken from magicbricks. Actual prices and future appreciation may vary depending on project, location, market conditions, and economic factors.
Large-scale MoUs initially drive the demand for commercial and industrial land, while the housing demand will be followed at the stage of job creation. This will translate to large Grade-A office towers and built-to-suit campuses. As a result the land surrounding the coming-up Jewar Airport, YEIDA and Noida will be quite attractive to developers. At the mid-to-senior level, GCC hiring also tends to raise demand for residential flats in Lucknow, villas near future IT parks, and rentals in Noida and Greater Noida. Budget support for this pipeline includes,
- ₹5,000 crore for the Mukhyamantri Industrial Area Expansion and New Industrial Area Promotion Scheme
- ₹2,000 crore for the Atal Infrastructure Mission
Next Move From UP
- International roadshows are planned across Singapore, Japan, South Korea, UAE, Qatar, and Canada between September and October 2026, aligned with the “China Plus One” investment strategy.
- Domestic roadshows across major Indian cities are expected in December to January.
- The fifth Ground Breaking Ceremony (GBC-5) is scheduled for November 2026, with an initial target of over ₹5 lakh crore the officials according to various reports suggest it could reach ₹10 lakh crore.
- Past GBCs have already seen 16,478 projects worth ₹12.1 lakh crore announced, of which 8,363 projects worth ₹4.33 lakh crore are commercially operational.
All in all
The Bengaluru roadshow adds fresh momentum to UP’s trillion-dollar economy ambitions. With more than 15 firms signing on, the real test now shifts to execution, and how quickly these MoUs translate into office towers, jobs, and demand for property in Noida, Lucknow, and beyond.
