INDUSTRY
RERA registrations decline by 21% between 2022 and 2024
- IBJ Bureau
- Mar 03, 2025
Number of projects registered with the Real Estate Regulatory Authority (RERA) has witnessed a significant decline of 21 per cent between calendar years 2022 and 2024, according to a latest report by NSE-listed data analytics firm PropEquity.
According to the report, the registration of projects had seen a remarkable 145 per cent growth, reaching 25,281 projects between 2020 and 2022. The year 2020 witnessed the least number of project registrations, the report highlights.
Since the operationalisation of RERA, 1.19 lakh projects, comprising 97.14 lakh units, have been registered with top 10 State RERAs between 2017 and 2024, a report has said.
According to the report, top-ten States with the highest number of projects registered with their respective RERAs are Maharashtra, Tamil Nadu, Gujarat, Telangana, Madhya Pradesh, Andhra Pradesh, Karnataka, Uttar Pradesh, West Bengal and Rajasthan.
Maharashtra with 48,047 registered projects accounts for 40 per cent of the total registered projects in top 10 states.
Tamil Nadu with 19987 projects accounts for 17 per cent share while Gujarat with 16,265 projects accounts for 14 per cent share.
Samir Jasuja, Founder and CEO, PropEquity said: “Due to RERA, there has been a vast improvement in compliance by real estate developers as a result of which the sector has seen huge transparency. This has led to a rise in investment by individual investors, and both domestic and foreign institutional investors thereby further espousing not just India’s but also real estate sector’s growth story.”
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