The Maharashtra Real Estate Regulatory Authority (MahaRERA) has become the first real estate regulatory body in India to register more than 50,000 projects since its formation eight years ago, according to official data released Wednesday, as reported by Hindustan Times.
Established in May 2017 under the Real Estate (Regulation and Development) Act, 2016, MahaRERA was created to bring transparency and accountability to the real estate sector and to oversee developers and real estate agents. As of now, a total of 50,162 projects are registered under MahaRERA.
According to data shared by MahaRERA and the Ministry of Housing and Urban Affairs, Maharashtra alone accounts for nearly 35% of the country’s total registered housing projects. Nationally, 1,44,617 real estate projects have been approved by various RERA bodies, with Maharashtra leading the tally.
Tamil Nadu ranks second with 27,609 RERA-registered projects, followed by Gujarat with 15,322 residential projects.
More than half of Maharashtra’s RERA-registered projects are concentrated in the Mumbai Metropolitan Region (MMR) and Pune. Pune district leads with 12,788 projects, followed by Thane district with 6,746, Mumbai suburbs with 5,907, and Raigad district with 5,360.
Regionally, Konkan, which includes the MMR, has the highest number of registered residential projects at 23,770. This is followed by the Pune region with 15,932, North Maharashtra with 4,621, the Nagpur area with 2,764, the Chhatrapati Sambhajinagar region with 1,886, and the Amravati region with 957.
Additionally, MahaRERA has jurisdiction over two union territories—Daman and Dadra and Nagar Haveli—where over 230 real estate projects have been registered over the past eight years.
“This is a moment of achievement for the industry-friendly and ever-progressing Maharashtra,” said Manoj Saunik, chairperson of MahaRERA, in an official statement. “Until a few years ago, the real estate sector was largely limited to the Mumbai Metropolitan Region or Pune. Now it is expanding across the state.”
Saunik added that the growing demand for housing is an indicator of the state’s ongoing social and economic development. “MahaRERA strives to ensure that homebuyers face minimal grievances and are legally empowered,” he said.
Despite the high number of registered projects, only a little over 17,000 have been marked as completed in MahaRERA’s records. The authority stated that actual completion numbers could be higher, as some developers have not formally declared project completion even after handing over possession.
MahaRERA has received more than 28,000 complaints in the past eight years. Of these, over 21,000 cases have seen orders passed, while 1,235 cases have been resolved through conciliation, according to the regulator’s data.