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

anarock
  • Uttar Pradesh (UP) & Haryana lead in disposing cases, comprise 61% share of the total disposed cases; UP disposed 30,990 cases, Haryana 16,864
  • Maharashtra, Gujarat & Karnataka see highest project registrations till date – 31,664, 9,272 & 4,497 projects respectively
  • In last two years (2019 -end), a rise of 49% in project registrations and 128% in disposed cases

Mumbai, November 29, 2021: In the approx. 4.5 years since RERA was fully notified, 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.

In terms of grievances redressal of aggrieved homebuyers, as many as 78,903 cases have been disposed so far by various state and UT regulatory authorities. UP and Haryana have disposed the highest number of cases, accounting for an approx. 61% share of total disposed cases. UP saw 30,990 cases disposed, and Haryana nearly 16,864 as per the latest progress report released by the Ministry of Housing and Urban Affairs.

Latest Updates

  • All States/UTs have notified rules under RERA except Nagaland, where it is under process
  • 30 States/UTs have set up a Real Estate Regulatory Authority (Regular – 25, Interim – 05). Jammu & Kashmir, Ladakh, Meghalaya, Sikkim and West Bengal have notified their rules but are yet to establish their authorities
  • 28 States/UTs have set up a Real Estate Appellate Tribunal (Regular -24, Interim – 04). Arunachal Pradesh, Jammu & Kashmir, Ladakh, Meghalaya, Mizoram, Sikkim and West Bengal are under process to establish
  • Regulatory Authorities of 27 States/UTs have operationalized their websites under the provisions of RERA. (Arunachal Pradesh, Assam and Manipur are under process to operationalize).

More Projects Under RERA Ambit

Very recently, the Supreme Court upheld the jurisdiction of the Real Estate (Regulation & Development) Act, 2016 on all realty projects that were ongoing and had not received Completion Certificates until the law came into effect. This means that states that had diluted the provisions and not included many under-construction projects under RERA ambit are now expected to bring such projects under it.

AnujAnuj Puri, Chairman – ANAROCK Group says, “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.”

“As a result, we may see increased residential project completions in the times to come,” says Puri. “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. As per ANAROCK data, as of July 2021, nearly 6.29 lakh housing units launched in 2014 or before were incomplete or stalled across the top 7 cities.”

Another key issue addressed by the Supreme Court earlier was regarding the provision of appeal for developers whom RERA has fined. Previously, the appeal option was often used as a reason to delay matters. It has now been clarified that while fined developers can appeal, they must nevertheless deposit at least 25% of the fine amount with RERA.

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As has been pointed out, RERA is a process, not an event. This process is well underway and RERA is gaining ground – and teeth. The primary purpose of rebuilding confidence in the real estate sector is thus being fulfilled, albeit gradually, as RERA must undo the damage of decades of opaque and unregulated activities in the sector.

State/UT Registered Projects as on 20 Nov. 2021 Registered Agents as on 20 Nov. 2021 Total Disposed Cases as on 20 Nov. 2021
Andaman & Nicobar Island 3 27 0
Andhra Pradesh 2049 149 158
Arunachal Pradesh NA NA NA
Assam 396 21 16
Bihar 1234 361 678
Chandigarh 3 16 25
Chhattisgarh 1319 605 1330
Dadra & Nagar Haveli & Daman & Diu 157 2 0
Delhi (National Capital Territory of Delhi) 32 421 133
Goa 767 311 66
Gujarat 9272 1743 3024
Haryana 988 2553 16864
Himachal Pradesh 89 104 36
Jharkhand 756 6 86
Karnataka 4497 2647 3024
Kerala 631 199 480
Madhya Pradesh 3877 791 4694
Maharashtra 31664 32033 10646
Manipur NA NA NA
Meghalaya NA NA NA
Mizoram NA NA NA
Nagaland NA NA NA
Odisha 610 85 1247
Punjab 1085 2507 1678
Rajasthan 1676 2507 1484
Sikkim NA NA NA
Tamil Nadu 2901 1951 1668
Telangana 3630 1891 0
Tripura 75 5 0
Uttar Pradesh 3101 4911 30990
Uttarakhand 324 328 575
Lakshadweep NA NA NA
Puducherry 171 3 1
West Bengal NA NA NA
Total 71,307 56,177 78,903

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