Progress of Real Estate Regulatory Authority (RERA) across India after four years after its implementation.
One of Real Estate Regulatory Authority (RERA)'s primary purposes is to address real estate consumers' grievances. RERA authorities of various states and UTs have resolved over 65,539 consumer complaints in the last four years. As of 24 April 2021, nearly 63,583 projects and 50,256 real estate agents have been registered under RERA across the country.
Uttar Pradesh has disposed of the most complaints in 4 years (nearly 26,510 cases), followed by Haryana with 13,269 cases & Maharashtra with 9,265 cases; the 3 states together accounted for 75% share of disposed cases.
Of all projects registered under RERA to date across 34 states/UTs, Maharashtra accounts for a 45% share. Gujarat comes next with a 13% share, followed by Madhya Pradesh and Karnataka with about 6% share each, and Uttar Pradesh with a 5% share.
Project registrations saw 58% jump in last 2 years - nearly 40,155 projects registered as of April-end 2019
So far, 34 States/UTs have notified rules under RERA. 30 States/UTs have already set up a Real Estate Regulatory Authority since implementation, and of this at least 5 are interim. Regulatory authorities of 27 States/UTs have operationalised their websites under RERA provisions. Source: ANAROCK Property Consultants