According to a report by NSE-listed data analytics firm PropEquity, the top 10 states with the highest number of projects registered with their respective RERAs are Maharashtra, Tamil Nadu, Gujarat, Telangana, Madhya Pradesh, Andhra Pradesh, Karnataka, Uttar Pradesh, West Bengal, and Rajasthan.
To begin with, Maharashtra registered 48,047 projects, accounting for 40% of the total registered projects in the top 10 states. This was followed by Tamil Nadu with 19,987 projects, accounting for a 17% share, while Gujarat, with 16,265 projects, accounted for a 14% share.
Among cities, according to the report, the top 10 with the highest number of registered projects are Pune, with 12,346 projects; Thane, with 8,858 projects; Hyderabad, with 7,180 projects; Mumbai, with 6,923 projects; Chennai, with 6,426 projects; Navi Mumbai, with 5,468 projects; Ahmedabad, with 5,367 projects; Nashik, with 3,759 projects; Vadodara, with 2,903 projects; and Kolkata, with 2,680 projects.
PropEquity has been tracking data from RERA across 20 states since its inception, which shows that 1.43 lakh projects have been registered, comprising 1.11 crore units, between January 2017 and January 2025.
The number of projects registered with RERA grew by 145% to 25,281 projects between CY 2020 and 2022. However, it fell by 21% between 2022 and 2024.
Notably, 2020 witnessed the lowest number of project registrations.
Commenting on the trends, Samir Jasuja, Founder and CEO of PropEquity, said: “Due to RERA, there has been a vast improvement in compliance by real estate developers, resulting in increased transparency in the sector. This has led to a rise in investment by individual investors, as well as both domestic and foreign institutional investors, thereby further supporting not just India’s but also the real estate sector’s growth story.”
“The real estate market across the top nine Tier 1 cities is valued at over ₹5.5 lakh crore today. Unlike the pre-RERA years, absorption every year post-RERA implementation has exceeded launches (except during the COVID-19 year, CY 2020), which demonstrates the maturity this regulation has ushered in among developers, thereby laying a strong foundation for a $1 trillion real estate economy,” Jasuja added.
“The government must look to align strong regulations and compliance with favourable tax policies for both developers and homebuyers in order to achieve this vision.”
The PropEquity report further stated that, at 184 units, the average number of units per project is the highest in Uttar Pradesh, followed by Rajasthan at 156 units and Gujarat at 116 units.
The average number of units per project in the top 10 states stands at 81 units.
Projects Registered with Top 10 State RERA
| State | Total Projects | Total Units | % Share (Projects) | % Share (Units) |
Average Units per Project |
| Maharashtra | 48,047 | 3,733,518 | 40% | 38% | 78 |
| Tamil Nadu | 19,987 | 1,035,946 | 17% | 11% | 52 |
| Gujarat | 16,265 | 1,882,778 | 14% | 19% | 116 |
| Telangana | 9,245 | 831,161 | 8% | 9% | 90 |
| Madhya Pradesh | 5,387 | 363,542 | 5% | 4% | 67 |
| Andhra Pradesh | 5,098 | 127,008 | 4% | 1% | 25 |
| Karnataka | 4,860 | 339,787 | 4% | 3% | 70 |
| Uttar Pradesh | 3,668 | 674,871 | 3% | 7% | 184 |
| West Bengal | 3,497 | 206,105 | 3% | 2% | 59 |
| Rajasthan | 3,334 | 519,844 | 3% | 5% | 156 |
| Total | 119,388 | 9,714,560 | 100% | 100% | 81 |
(Edited by : Anand Singha)
