New Delhi: There has been a 40 percent jump in project registration with various RERA authorities in the country in the last one year. About 45,307 projects were registered as on 5th Oct. 2019. Only 32,306 projects were registered at the end of September 2018, according to ANAROCK Property Consultants.
Gujarat, Maharashtra, Madhya Pradesh, Karnataka & Uttar Pradesh have lead in registrations among various states. These five states comprise 81 percent of overall share.
For the first time, Chandigarh, Assam, Puducherry, Daman & Diu saw project registrations.
Real estate agent registration has been even more impressive. There has been 54 percent increase in the last one year. Around 35,644 real estate agents are registered in the country now.
The North-eastern states of Meghalaya, Arunachal Pradesh, Sikkim and Nagaland are likely to notify their RERA rules.
About 27,970 complaints by home buyers have been disposed off by concerned authorities across states with Uttar Pradesh leading the way with 41 percent share of 11,596 cases.