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Eight years on, RERA long on promise...
Financial Express Lucknow
|May 30, 2025
While he agreed that not all states have progressed like Maharashtra and corrupt practices still persist in some states, he said the latter has done a good job regarding publishing the details of projects, appointing specialists, issuing orders, imposing penalties and so on.
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"It has mainly brought more confidence among buyers than before," he added.
Over 143,000 projects have been registered with RERA authorities, comprising 11.1 million units between January 2017 and January 2025 across 20 states, data tracked by PropEquity showed.
Mohnot agreed with Hiranandani. "Diversion of funds has come down by 80-90% after RERA was implemented," he added.
This story is from the May 30, 2025 edition of Financial Express Lucknow.
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