The Real Estate Regulatory Authority (RERA) has seen significant progress in India, with over 97.14 lakh real estate units registered across the top 10 states between 2017 and 2024. A report by NSE-listed PropEquity highlights that 1.19 lakh projects have been registered under RERA, ensuring better transparency and compliance in the sector.
Among states, Maharashtra leads with 48,047 registered projects, accounting for 40% of total registrations. Tamil Nadu follows with 19,987 projects (17%), while Gujarat has 16,265 projects (14%). Other top states include Telangana, Madhya Pradesh, Andhra Pradesh, Karnataka, Uttar Pradesh, West Bengal, and Rajasthan.
When it comes to cities, Pune tops the list with 12,346 projects, followed by Thane (8,858), Hyderabad (7,180), and Mumbai (6,923). Chennai, Navi Mumbai, Ahmedabad, Nashik, Vadodara, and Kolkata also rank among the top 10 cities with the highest number of registered projects under RERA.
PropEquity’s data indicates that 1.43 lakh projects comprising 1.11 crore units have been registered across 20 states between January 2017 and January 2025. Despite a 145% rise in registrations between 2020 and 2022, there was a 21% decline between 2022 and 2024.
According to Samir Jasuja, CEO of PropEquity, RERA has significantly improved compliance, boosting trust among both domestic and foreign investors. India’s real estate market in Tier-1 cities is now valued at over ₹5.5 lakh crore, with post-RERA absorption exceeding new launches.
The report also highlights that Uttar Pradesh has the highest average of 184 units per project, followed by Rajasthan (156) and Gujarat (116). The overall average across the top 10 states stands at 81 units per project.
RERA’s implementation has laid the foundation for a $1 trillion real estate economy, further strengthening India’s property sector.
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