Two Years of RERA: A Glance

1. Andhra Pradesh: As of May 2019, APRERA has 328 registered projects and 48 registered agents. The states’ RERA has also rejected 20 projects as they failed to meet the guidelines of the law. The online portal for APRERA is fully functional, and it has also received the award for exemplary online service from the government.
    
2. Bihar: Bihar’s RERA portal is up and running, and as of February 2019, 51 builders were served notice, and it was decided that a penalty of Rs 10 lacs would be levied for violating the rules. The details about the defaulters are up on the Bihar’s RERA website.
    
3. Chhattisgarh: The web portal for the state’s RERA is still under construction, and the RERA has received at least 847 applications for the project registration.
    
4. Goa: The state’s RERA web portal is up and running through the details of the RERA implementation in the state is scanty.
    
5. Gujarat: The web portal of the state’s RERA is live and fully functional. As of May 2019, the state had 2687 registered residential projects and 1038 registered affordable housing projects. Gujarat is second in the country with the highest number of registered projects.
    
6. Haryana: The state is the most pro- RERA regulator in the country with 301 registered projects and 724 registered agents.
    
7. Karnataka: The web portal is up and running. However, there have been some issues with the registered complaints on the website. The state has 2551 registered projects and 1724 agents.
    
8. Kerala: The state has set and notified the RERA rules applicable in the state. The website is still under construction. The state got a state regulator in 2017, but it was repealed through an ordinance citing dilution of the Central Act.
    
9. Madhya Pradesh: The state has a fully functional RERA website with 2180 registered projects and 541 registered agents. The website also claims to have disposed of 1845 complaints since 2017.
    
10. Maharashtra: The Maha RERA is the most proactive in the country with the highest number of project registrations and agents. As of May, 79 percent of the projects are RERA registered, and 99.7 percent agents are registered. The website is up and fully functional with eh claim that around 64 percent of grievances have been addressed.
     
11. Odisha: The state does not have any online portal yet.
     
12. Punjab: The web portal for Punjab RERA is fully functional with 678 registered projects and 1026 agents.
     
13. Rajasthan: In March 2019, a chairman was appointed an appellate tribunal was set up. The website is fully functional, with 984 registered projects and 870 registered agents.
     
14. Tamil Nadu: The state has an entirely fictional portal, and year wise registration information can be found on the website. There are 965 registered projects in the state.
     
15. Uttarakhand: The web portal for the states’ RERA website is up and running with about 235 registered projects.
     
16. Uttar Pradesh: The state has set up three different benches to address the grievances of the consumer. The state has a fully functional website. The state’s RERA is also planning to take up the abandoned projects for the sake of the buyer’s benefit.
     
17. West Bengal: The state has an ongoing beef with the centre, and due to this they have not notified any RERA rules. Although, the state has its own regulatory by the name of Housing Industry Regulatory Authority (HIRA).

Sikkim, Meghalaya, Manipur, Mizoram, Tripura, Telangana, Arunachal Pradesh, Arunachal Pradesh and Nagaland have not notified their RERA rules yet.

Union Territories

1. Andaman & Nicobar: The TNRERA portal is also the platform for managing the projects in the union territory. One ly one project has been registered from Andaman and Nicobar since RERA came into full force.
    
2. Chandigarh: The website is up and running, but it seems to have a lot of information about the defaulters missing.
    
3. Dadra & Nagar and Daman & Diu: These fall under the MahaRERA and have fully functional portal due to the same.
    
4. Delhi: The RERA rules have been notified, and the web portal is up and running. Though it needs to be updated.
    
5. Lakshadweep: The state does not have any dedicated portal, but the rules have been notified.
    
6. Puducherry: The rules have been notified, but the state does not have a portal yet.
    

Final word:
The RERA is fairly new to the country and has many loopholes and backdrops. But the RERA is trying their best to overcome the backdrops and law down even more solid rules. The biggest worry is for the new players entering the market. They will have stiff competition from the already established developers and will have to follow the strict guidelines. There is no room for any error.

The RERA also opens a new opportunity for the buyer and developer. The home buyers will now have a point of contact to address their grievances and get the solution. A lot of discipline has been seen amongst the developers for the last two years, and it is expected to bring more clarity and transparency to the real estate sector of the country.