The latest research by eXp India has shown that Nagpur tops the table as the city with the most RERA compliant homes listed for sale in the current market, whilst Delhi is home to the lowest level.
eXp India analysed the current market looking at property listings across 15 major cities and what proportion of the properties on sale were marked as RERA compliant.*
The Indian real estate market has undergone dramatic change since the introduction of the Real Estate (Regulation and Development) Act (RERA), 2016, as it has provided a much-needed regulatory framework to help protect homebuyers and allow them to make more informed choices when purchasing.
Its introduction has helped improve financial transparency, the provision of clear information disclosure, grievance redressal and the more timely delivery of housing stock to the market, amongst other things.
However, the latest research by eXp India shows that the number of homes listed for sale that are considered RERA compliant differs dramatically across India’s major cities.
Nagpur is home to the highest proportion, where 38% of all homes currently listed for sale are considered RERA compliant.
Surat also ranks highly in this respect, with 36% of all properties meeting RERA compliance, whilst Indore completes the top three at 29%.
Across Pune (26%), Hyderabad (24%), Ahmedabad (22%) and Navi Mumbai (22%), more than one in five homes listed for sale also boast RERA compliance.
However, at the opposite end of the spectrum, just 0.6% of homes listed for sale across Delhi are considered RERA compliant.
Data tables and sources
- *Full data tables and sources can be viewed online, here. (Source: Housing.com)