Mumbai, 6th September 2023: One of the primary aims of the Real Estate Regulatory Act (RERA) was, and continues to be, safeguarding homebuyers from the harrowing issue of delayed and stalled housing projects. To a large extent, this objective is being achieved. Latest ANAROCK Research data finds that at least 86% of residential projects launched in
RERA Project registrations see a 109% jump in the last 3 years – from 45,307 projects on 8 Oct 2019 to nearly 94,513 projects currently Agent registrations touch 69,766 on 8 Oct. 2022 – a 95% increase in the last 3 years Since the implementation of RERA, UP sees max. disposal of real estate complaints
Uttar Pradesh (UP) & Haryana lead in disposing cases, comprise 61% share of the total disposed cases; UP disposed 30,990 cases, Haryana 16,864 Maharashtra, Gujarat & Karnataka see highest project registrations till date – 31,664, 9,272 & 4,497 projects respectively In last two years (2019 -end), a rise of 49% in project registrations and 128%
