Over 97 lakh real estate units registered under RERA in India’s top 10 states in 8 years: PropEquity

RERA’s Impact on Real Estate Project Registrations

Since RERA’s implementation in 2017, the top 10 states have registered 1.19 lakh real estate projects comprising 97.14 lakh units, according to PropEquity.

State-wise Project Registrations

  • Maharashtra leads with 40% of projects.
  • Tamil Nadu follows with 17%.
  • Gujarat accounts for 14%.

Top Cities for Project Registrations

Pune, Thane, and Hyderabad rank as the top three cities with the highest project registrations.

Trends in Project Registrations

While project registrations saw a surge between 2020 and 2022, they decreased by 21% between 2022 and 2024.

PropEquity CEO’s Perspective

PropEquity CEO Samir Jasuja highlights RERA’s positive impact on transparency and investment in the real estate sector. Post-RERA absorption rates have generally exceeded launches, demonstrating market maturity.

Average Units per Project

The report also indicates Uttar Pradesh has the highest average units per project at 184.

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Source: https://www.cnbctv18.com/real-estate/top-10-states-with-highest-rera-registered-real-estate-projects-2024-19566627.htm

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