1.19 Lakh Real Estate Projects Registered Under RERA in Top 10 States: PropEquity Report
Maharashtra leads the list with 48,047 registered projects, accounting for 40% of the total, which has significantly boosted investment in the real estate sector.
Real EstateReraMaharashtraPropequityInvestmentReal Estate MaharashtraFeb 28, 2025
According to the latest PropEquity report, a total of 1,19,000 real estate projects have been registered under RERA in the top 10 states.
This unprecedented number of registrations has bolstered investor confidence and increased transparency in the market.
Maharashtra stands out as the frontrunner, with a staggering 48,047 projects, which constitutes 40% of the total registered projects.
The state's robust infrastructure, proactive policies, and strategic location have made it a prime destination for real estate developers.
Maharashtra's dominance in the real estate sector is not surprising, given its economic importance and the presence of major cities like Mumbai and Pune.
Following Maharashtra, Uttar Pradesh ranks second with 14,696 registered projects.
The state's rapid urbanization and the government's focus on infrastructure development have contributed to this growth.
Karnataka, with 7,449 registered projects, is in third place.
The state's IT hub, Bengaluru, has been a significant driver of real estate activity, attracting both domestic and international investors.
Delhi and Haryana, two states with strong economic and industrial bases, have registered 7,200 and 6,600 projects, respectively.
The National Capital Region (NCR) has seen substantial development, with a focus on creating affordable housing and improving infrastructure.
This has made it an attractive market for real estate investments.
Gujarat, with 6,277 registered projects, is in fifth place.
The state's industrial growth and favorable business environment have driven the real estate sector forward.
Rajiv Gandhi Science and Technology Park (RGSTP) and other special economic zones have played a crucial role in this development.
Rajasthan, Andhra Pradesh, and Madhya Pradesh have also made significant strides with 5,283, 5,256, and 4,265 registered projects, respectively.
Each of these states has unique strengths that have contributed to their real estate growth.
Rajasthan's historical and cultural heritage, Andhra Pradesh's ambitious infrastructure projects, and Madhya Pradesh's balanced economic development have all played a role.
The PropEquity report highlights the positive impact of RERA on the real estate sector.
The Act has brought much-needed transparency and accountability, ensuring that developers adhere to strict guidelines and timelines.
This has reassured investors and homebuyers, leading to a more stable and predictable market.
Moreover, the report indicates that the trend of increased project registrations is likely to continue in the coming years.
As more states implement RERA and the regulatory framework becomes more robust, the real estate sector is expected to witness further growth and development.
However, challenges remain, particularly in ensuring timely completion of projects and addressing the issue of distressed projects.
The government and regulatory bodies will need to continue their efforts to streamline processes and provide support to developers and investors.
In conclusion, the PropEquity report underscores the significant progress made in the Indian real estate sector under RERA.
With Maharashtra leading the way, the top 10 states have collectively registered over 1.19 lakh projects, which is a testament to the sector's resilience and potential for growth.
As the market continues to evolve, it is poised to attract even more investment and contribute to the country's economic development.
PropEquity is a leading real estate analytics and consulting firm that provides insights and data-driven solutions to stakeholders in the real estate sector.
The firm's reports and research are widely regarded as authoritative sources of information for industry professionals and investors.
Frequently Asked Questions
What is RERA?
RERA stands for the Real Estate (Regulation and Development) Act, 2016. It is a regulatory framework designed to bring transparency, accountability, and uniformity to the real estate sector in India.
Which state has the highest number of registered real estate projects under RERA?
Maharashtra leads the list with 48,047 registered projects, accounting for 40% of the total registered projects under RERA.
How has RERA impacted the real estate market?
RERA has significantly impacted the real estate market by increasing transparency, ensuring timely project completions, and building investor confidence. It has also led to the creation of a more regulated and predictable market environment.
What are the key states with a high number of registered projects under RERA?
The key states with a high number of registered projects under RERA are Maharashtra, Uttar Pradesh, Karnataka, Delhi, and Haryana.
What role does PropEquity play in the real estate sector?
PropEquity is a leading real estate analytics and consulting firm that provides insights and data-driven solutions to stakeholders in the real estate sector. Their reports and research are widely regarded as authoritative sources of information for industry professionals and investors.
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