India, May 9 -- With the Maharashtra Real Estate Regulatory Authority (MahaRERA) recently completing seven years of establishment, the total number of housing projects registered hit the 50,000 mark. Maharashtra becomes the only state in India to cross the 50,000 registered residential projects mark.

This accounts for over one-third or about 35% of the total housing projects in India. According to the statistics given by the Ministry of Housing and Urban Affairs, a total of 1,44,617 housing projects have been approved by all the RERA bodies in India. At present, a total of 50,162 housing projects are registered with the housing regulator in Maharashtra with Tamil Nadu at the second highest with 27,609 projects, followed by Gujarat with 1...