Maharashtra and Gujarat lead 40% year-on-year spike in RERA registrations

Altogether, five states account for a significant 81% share, with 36,576 out of 45,307 projects registrations as on October 5

There has been a 40 per cent growth across the country in project registrations under the Real Estate Registration Act (RERA) in a year, from 32,306 projects at the end of September 2018 to 45,307 projects as on October 5, a news report said.

The States with maximum project registrations in early October 2019 include Maharashtra, Gujarat, Karnataka, Madhya Pradesh and Uttar Pradesh. Altogether, these five states account for a significant 81 per cent share with 36,576 projects registered. Among them, Maharashtra tops the list with 22,455 project registrations, said a report by Anarock Property Consultants.

Interestingly, a year ago,