Maharashtra leads in implementation of RERA
According to Gautam Chatterjee, Chairman, MahaRERA, “To date, 20,500-20,600 projects are registered with us, of which 13,000 are ongoing. These incomplete projects came in during the effect of the Act. On average, we have 1,000 projects registered every quarter, which is about 1 lakh apartments registered every quarter. As far as Maharashtra is concerned, I believe registration and new project launches are right on track.”
As reported by ANAROCK Property Consultants, 307 projects have been registered under RERA in Andhra Pradesh, up from a mere 61 in November 2018. Project registration in Karnataka stands at 2,530 projects with 1,342 RERA-registered real-estate agents. Following Maharashtra’s lead is Gujarat with 5,317 RERA-registered projects and 899 registered agents and agencies.
Indeed, the Centre’s push to enforce the act in each state is gaining momentum. Reports suggest that states in the Northeast such as Manipur, Meghalaya, Mizoram, Nagaland and Sikkim have also agreed to officially notify RERA rules soon. West Bengal is the only state that has notified its own real estate law under the West Bengal Housing Industry Regulatory Authority (WBHIRA).
The Act is expected to cover developers as well as real-estate agents across India. Reportedly, 22 states and six union territories have notified their RERA rules, of which 19 states have active online portals.
- DIKSHA JAWLE
InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route
InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..
Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015
Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..
NAREDCO NextGen NCR Chapter Launched
The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..
Latest Updates
