[INDIA REAL ESTATE NEWS] Good morning, everyone.|
I’m Shashi kant shukla staff of Kamagroup Pvt. Ltd. Here I have important INDIA
REAL ESTATE news to share with you which is as mentioned under.
New Delhi: Delhi has more than eight property agents for every project on average,
followed by Chandigarh, Punjab and Haryana, indicating greater reliance on brokers
among consumers in northern India than in the rest of the country.
There are about 45,817 registered projects in India, but the count is heavily skewed
towards the western part of the country, with Maharashtra alone accounting for
half the projects.
“The size of projects in Delhi and NCR (National Capital Region) is bigger compared to
(that in) Maharashtra or southern states. Also, an agent gets brokerage only when he
is registered with RERA (Real Estate Regulatory Authority), the primary reason for
agents’ count to go up,” said Satish Magar, national president, Confederation of Real
Estate Developers’ Association of India.
According to the latest report of Ministry of Housing and Urban Affairs on the
implementation of the Real estate Regulatory Authority (RERA), 30 States/Union
Territories have notified rules under RERA while four North Eastern States -Arunachal
Pradesh, Meghalaya, Nagaland and Sikkim are under process to notify the rules.
According to the report, Maharashtra has the most number of projects and agents
registered under RERA - 22674 and 21661. However, in UP, the number of registered
project is 2710 while number of agents is 3302, which is way more than Gujarat where
the registered agents are only 1041 for 6173 projects.
Read more at : https://economictimes.indiatimes.com/industry/services/property-/-cstruction/north-india-states-have-more-brokers-per-project/articleshow/71854449.cms
Have a nice day.