Summary:

Maharashtra has emerged as a trailblazer in real estate regulation, with over 50,000 registered housing developments under MahaRERA, accounting for 35% of all RERA-registered projects nationally. The state's real estate sector has grown tremendously, with the majority of developments concentrated in the Konkan region, which includes Mumbai and Pune. Tamil Nadu and Gujarat follow with more than 10,000 projects each. MahaRERA, established in 2017, aims to alleviate homeowner concerns while promoting economic growth.

In Maharashtra, the Konkan region, which includes the Mumbai Metropolitan Area, leads with 23,770 registered housing projects. The Pune region follows with 15,932 projects, with Pune district accounting for 12,788. Thane has 6,746 projects, Mumbai suburbs 5,907, and Raigad 5,360. Other regions include North Maharashtra (4,621), Nagpur (2,764), Chhatrapati Sambhajinagar (1,886), and Amravati (957). Smaller regions, such as Dadra Nagar Haveli and Daman, have 180 and 52 projects, respectively.

Source: IBEF

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