RERA Boosts Real Estate: 1.5 Lakh Complaints Resolved, PE Inflows Soar to $26 Billion

As of mid-2025, more than 1.5 lakh housing projects and 1 lakh real estate agents are registered under the Real Estate Regulatory Authority (RERA) Act. Over 1.5 lakh consumer complaints have been resolved, and private equity inflows into the real estate sector have surged to $26 billion during 2017–2020. This represents a significant increase from the $17.5 billion recorded in 2011–2016, according to a report by Knight Frank India released in the capital on August 29.

The report highlights the growing investor confidence in the sector’s regulatory framework and RERA’s success in fostering transparency and credibility. “Cumulative private equity inflows surged to $26 billion between 2017–2020, compared to just $17.5 billion during 2011–2016. This influx of institutional capital reflects greater trust in the sector’s regulatory environment, signaling the success of RERA in building a more credible investment landscape,” the report stated.

The sector’s performance has also been reflected in the NIFTY Realty Index, which hit an all-time high in September 2024, further signaling the market’s resilience in the post-RERA era. According to the report, this structural shift has positioned India’s housing market as a long-term investment destination for both domestic and global players.

Saurabh Mehrotra, Executive Director of Valuation and Advisory at Knight Frank India, emphasized the impact of the Act on capital inflows. “For investors, this regulatory environment has helped create transparency and credibility in the residential sector, as reflected in the $26 billion private equity inflows since 2017. Since its inception, RERA has resolved 1.5 lakh consumer complaints while regulating projects and agents at scale. It has firmly established itself as the backbone of India’s residential real estate sector.”

G Hari Babu, President of NAREDCO, noted the significant progress made under RERA. “As highlighted in the Knight Frank report at the 17th NAREDCO National Convention, housing sales in India touched an all-time high of ₹3.1 lakh crore in 2024, and nearly 1.5 lakh projects and 1.5 lakh consumer complaints have already been addressed under the RERA framework. This journey from opacity to transparency has rebuilt the trust of homebuyers, lenders, and global investors alike. The next step must be to evolve RERA into a more uniform, technology-driven framework across states so that the sector continues to be a backbone of India’s economic rise.”

While RERA has laid a strong foundation, Knight Frank India noted that more work remains to be done. Strengthening enforcement across states, harmonizing compliance frameworks, and adopting a ‘One Nation, One RERA’ model will be critical to further enhance transparency and efficiency. The report also recommends leveraging technology to streamline approvals and grievance redressal, alongside continued alignment with global best practices in real estate regulation. With India’s housing demand projected to rise steadily in the coming decade, sustaining confidence through consistent policy enforcement will be key.