The pandemic notwithstanding,Telanganas property has emerged as among the most robust in India.
Data suggests that its capital, Hyderabad, saw over 53,000 new launches between March 2020 and September 2 second only to the Mumbai Metropolitan Region at a time when many markets are struggling to survive. Yet, the states Real Estate Regulatory Authority (TS-RERA) continues to be only partially effective.
Nationally, the number of cases disposed of by RERAs has crossed the 78,000-mark.
The only other states, apart from Telangana, that have limited RERA activity are: Tripura, Andaman and Nicobar Islands, Dadra and Nagar Haveli and Daman and Diu, and Puducherry.
While acknowledging that the absence of an active RERA has not impacted the demand for housing in Telangana Hyderabad in specific Ananrock Group chairman, Anuj Puri, said that RERA must undo the damage of decades of opaque and unregulated activities in the sector.
According to him, RERA in India is gaining ground and gradually and fulfilling the primary purpose of rebuilding confidence in the real estate sector.