71,307 projects registered, 78,903 cases disposed under RERA till date

New Delhi: In a span of less than five years since the implementation of Real Estate Regulatory Authority (RERA), 71,307 projects have been registered under it across the country as of November 2021. Maharashtra, Gujarat and Karnataka lead in project registrations till date with 31,664, 9,272 and 4,497 projects registered respectively.

According to a data presented by Anarock Group, a real estate consultancy, there has been a rise of 49 per cent in project registrations and 128 per cent in disposed cases since 2019. For grievance redressal of aggrieved home buyers, as many as 78,903 cases have been disposed so far by various state and Union Territories regulatory authorities. As per the latest progress report released by the Ministry of Housing and Urban Affairs, States such as Uttar Pradesh saw 30,990 cases disposed, and Haryana nearly 16,864 cases, thereby accounting for an approximately 61 per cent share of total disposed cases.

Anuj Puri, Chairman, Anarock Group said, "RERA rules had been diluted in many states and many under-construction projects not completed at the time of RERA's implementation did not come within its ambit. Through this verdict, the court has given more powers to RERA, and it now covers such under-construction projects as well." Anticipating faster completion of pending projects, Puri further said, "Many developers with under-construction projects outside RERA had focused their resources on projects that did come under its ambit. This is no longer an option. The number of heavily delayed and even stalled units is likely to reduce.