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RERA Project Registrations Drop 21%
The Business Guardian
|March 03, 2025
RERA proves to have reshaped real estate with transparency,
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The number of projects registered with the Real Estate Regulatory Authority (RERA) witnessed a significant decline of 21 per cent between Calendar Years 2022-2024, according to a latest report by NSE-listed data analytics firm PropEquity.
According to the report, the registration of projects saw a remarkable 145 per cent growth, reaching 25,281 projects between 2020 and 2022. The year 2020 witnessed the least number of project registrations, the report highlights.
Since the operationalisation of Real Estate Regulatory Authority (RERA), 1.19 lakh projects, comprising 97.14 lakh units, have been registered with top 10 State RERAs between 2017-2024, said a report.
This story is from the March 03, 2025 edition of The Business Guardian.
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