Several months after the implementation of Real Estate (Regulation and Development) Act (RERA) across the country, Madhya Pradesh has emerged as one of most active states in the execution of RERA norms. The state has already launched an online portal and a permanent regulatory authority. Experts advise buyers to only purchase real estate from registered developers to avail RERA. protection
As per the Madhya Pradesh RERA website, 1,627 real estate projects have been successfully registered with the state regulator till date. A total number of 1,223 promoters have been also registered with the Madhya Pradesh RERA.
Meanwhile, 251 real estate agents have been granted registration numbers, which will remain valid for five years till 2022.
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