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.
A person in a suit and tie
Description automatically generated with medium confidenceAnuj 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.
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