Uttar Pradesh (UP) topped the list of states in terms of new investments in real estate sector, but timely completion of ongoing real estate projects continued to be a major concern in state, apex industry body Assocham said.

According to a fresh study by Assocham (Associated Chambers of Commerce and Industry of India), UP enjoyed an impressive year-on-year jump of 57 per cent in investments in reality sector and accounted for 40 per cent of new investments, which helped the state topping the list of 20 states in the country during the April-June quarter of the current fiscal year.

However, UP could not complete even a single realty project in the predetermined timeframe.

Assocham Secretary General DS Rawat said, "However, timely completion of ongoing projects has remained a major concern in UP."

Collectively, top 20 states attracted new investments worth Rs 5,884 crore in the first quarter of this fiscal, which represents a decline of around 50 per cent from the corresponding period of last fiscal.

In outstanding investments, UP grabbed the fifth spot. UP scored 10 per cent share of twenty states' outstanding investments of Rs 1.4 lakh crore in the quarter under review.