The Real Estate Regulatory Authority (RERA) has significantly transformed India’s real estate landscape since its introduction. As highlighted in a recent PropEquity report, over 1.19 lakh projects have been registered, encompassing approximately 97.14 lakh units across the top ten states.
The report revealed data from RERA across 20 states since its inception, which shows that 1.43 lakh projects have been registered, comprising 1.11 crore units, between January 2017 and 2025.
- Maharashtra leads with 40% of registered projects.
- Average units per project stands at 81 across top states.
State-Wise Project Registration Overview
According to the PropEquity report, Maharashtra stands out by registering an impressive 48,047 projects, representing a substantial 40% of the total registered projects among the top ten states. Following Maharashtra is Tamil Nadu, contributing 19,987 projects, which accounts for a 17% share. Additionally, Gujarat has registered 16,265 projects, making up 14% of the overall count. The report underscores the importance of these states in driving the growth of India’s real estate sector.
“The introduction of RERA has led to greater transparency and accountability in real estate transactions,” explained Anil Kumar, a real estate analyst at PropEquity. “This regulatory framework empowers buyers and promotes confidence among investors.”
Unit Distribution Highlights Across Projects
Analyzing the average number of units per project, Uttar Pradesh emerges with the highest average at 184 units, followed closely by Rajasthan at 156 units and Gujarat at 116 units. The average unit count across the top ten states is 81 units per project. This data indicates a diverse range of project sizes, catering to different market demands.
Interestingly, the report reveals that the number of registered projects grew by an astonishing 145% between the calendar years 2020 and 2022. However, this growth trend saw a decline of 21% from 2022 to 2024, highlighting market fluctuations. “While we saw a surge in registrations post-pandemic, the recent decline reflects market corrections,” noted Sunita Rao, a senior researcher at the National Housing Bank.
Top Cities with Registered Projects
Among the cities, Pune leads the charge with 12,346 registered projects, followed by Thane with 8,858 projects and Hyderabad with 7,180 projects. Other notable cities include Mumbai, Chennai, and Navi Mumbai, each contributing significantly to the overall project count. This urban concentration reflects the ongoing urbanization and demand for housing in metropolitan areas.
According to the report, the total number of projects registered with RERA since its inception has reached 1.24 lakh, consisting of approximately 1.11 crore units. “The data from RERA is crucial for understanding market dynamics and future trends,” emphasized Kumar.
- Urbanization continues to drive real estate demand.
- RERA has improved buyer confidence significantly.
- Market corrections may affect future project registrations.
- Investment in infrastructure is essential for sustained growth.
- Continued monitoring of RERA data is critical for stakeholders.
In summary, the RERA’s impact on India’s real estate sector is profound, with significant project registrations indicating a robust market, despite recent fluctuations. Moving forward, experts anticipate a stabilization in project registrations, contingent on economic conditions and regulatory developments. “The future of real estate in India will depend on balancing growth with regulation,” stated Rao, highlighting the importance of RERA in shaping market dynamics.
