According to an official data, Maharashtra leads in terms of real estate project and agent registration under the Real Estate (Regulation and Development) Act (RERA). Uttar Pradesh, on the other hand, rules the roost in terms of successful disposal of complaints under RERA.
In a recent revelation, Maharashtra accounts for 46 percent of the total real estate projects registered across the country since the enactment of the Real Estate (Regulation and Development) Act (RERA). As per official data, over 67,000 projects have been registered across India so far, of which around 32,000 projects have been registered in Maharashtra alone, followed by nearly 8,600 projects in Gujarat. Around 4,100 projects have been registered across Karnataka. Over 3,000 projects have been registered in Uttar Pradesh, while 3,600 projects have been registered in Madhya Pradesh so far.
Other than project registrations, Maharashtra also leads in the number of agent registrations under RERA. Of around 52,000 registrations across multiple States, Maharashtra alone has reported the registration of nearly 30,000 agents. Around 4,600 agents have registered themselves in Uttar Pradesh. Of all, Delhi has registered only 390 agents so far.
Of over 70,000 complaints received by respective State’s real estate authorities, Uttar Pradesh RERA has disposed off over 27,000 complaints, followed by Haryana RERA, which has reported the disposal of over 14,500 complaints. In Maharashtra, over 10,000 complaints have been disposed off.