Projects registrations goes up 24% with various RERA authorities, agent registration increase 20%
New Delhi: The number of real estate projects registered with various RERA authorities has gone by 24 percent in the last 12 months while the number of agents has increased by 20 percent in the same period.
The number of projects registered was 43,208 projects as on July-end which has now reached 53,364 projects across the country.
The number of brokers registered with RERA was 34,285 in July end last year which has reached 41,143 now. Uttar Pradesh (UP) witnessed only 5 percent increase in projects registered while Tamil Nadu saw 54 percent jump. UP saw highest number of complaints being disposed off at 18,509 cases flowed by Haryana with 9919 cases and Maharashtra with 7883 complaints.
Maharashtra has registration of 25,604 real estate projects and 23,999 agents up till 4 July 2020. Gujarat has 7,210 registered projects and 1,178 agents. Karnataka has 3,446 projects and 1,916 agents registered. UP has 2,818 projects and 3,808 agents registered, according to a report by ANAROCK Property Consultants.