RERA implemented in 30 states and UTs with 67k project registrations
Real Estate

RERA implemented in 30 states and UTs with 67k project registrations

Rajya Sabha was informed on Wednesday the Real Estate Regulatory Authority (RERA) has been established in thirty states and union territories, and 67,669 projects have been registered under the central real estate law as of July 23.

Minister of State for Housing and Urban Affairs Kaushal Kishore said in a written response to a question that 70,601 complaints have been resolved by state Real Estate Regulatory Authorities as of 23rd July 2021.

During the same period, Kishore informed that 52,284 agents were registered under the RERA.

Under the Real Estate (Regulation and Development) Act of 2016, all states are required to establish their real estate regulator, known as RERA, which protects house buyers.

The minister told the media that as of July 23 2021, 67,669 Real Estate Projects and 52,284 Real Estate Agents have been registered under RERA, according to information provided by various Real Estate Regulatory Authorities.

The Rajya Sabha passed the Real Estate (Regulation and Development) Act, 2016 on March 10, 2016, and the Lok Sabha passed it on March 15, 2016. On March 25, 2016, the President signed the bill that was passed by Parliament.

The Real Estate (Regulation and Development) Act, 2016 (RERA) ushers in a new era in the Indian real estate market, as well as a step toward reform, citizen-centricity,encouraging greater openness, accountability, and financial discipline.

The primary goal of this groundbreaking legislation is to ensure that the real estate industry is regulated and promoted efficiently and transparently, as well as to protect the interests of house buyers.

The Real Estate Act requires each state and union territory to establish its regulator and set forth the guidelines that will regulate the authority's operations.

Image Source


Also read: RERA has created an implicit trust in Indian real-estate consumers

Also read: UP-RERA nods nine-month extension for project registration

Rajya Sabha was informed on Wednesday the Real Estate Regulatory Authority (RERA) has been established in thirty states and union territories, and 67,669 projects have been registered under the central real estate law as of July 23. Minister of State for Housing and Urban Affairs Kaushal Kishore said in a written response to a question that 70,601 complaints have been resolved by state Real Estate Regulatory Authorities as of 23rd July 2021. During the same period, Kishore informed that 52,284 agents were registered under the RERA. Under the Real Estate (Regulation and Development) Act of 2016, all states are required to establish their real estate regulator, known as RERA, which protects house buyers. The minister told the media that as of July 23 2021, 67,669 Real Estate Projects and 52,284 Real Estate Agents have been registered under RERA, according to information provided by various Real Estate Regulatory Authorities. The Rajya Sabha passed the Real Estate (Regulation and Development) Act, 2016 on March 10, 2016, and the Lok Sabha passed it on March 15, 2016. On March 25, 2016, the President signed the bill that was passed by Parliament. The Real Estate (Regulation and Development) Act, 2016 (RERA) ushers in a new era in the Indian real estate market, as well as a step toward reform, citizen-centricity,encouraging greater openness, accountability, and financial discipline. The primary goal of this groundbreaking legislation is to ensure that the real estate industry is regulated and promoted efficiently and transparently, as well as to protect the interests of house buyers. The Real Estate Act requires each state and union territory to establish its regulator and set forth the guidelines that will regulate the authority's operations. Image Source Also read: RERA has created an implicit trust in Indian real-estate consumers Also read: UP-RERA nods nine-month extension for project registration

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?