89% Success in MahaRERA Real Estate Agent Competency Exam: 6,755 Clear the Test
The Maharashtra Real Estate Regulatory Authority (MahaRERA) conducted the sixth phase of the real estate agent competency exam on January 4, with an impressive 89% of candidates clearing the test. Pune's Praveen Kamble topped the exam with 98%.
MahareraReal Estate AgentsCompetency ExamHomebuyersMaharashtraReal Estate PuneJan 27, 2025
A total of 6,755 candidates out of 7,624 cleared the exam, marking an 89% success rate.
Pune's Praveen Kamble topped the exam with an impressive score of 98%.
MahaRERA, in a statement issued on January 27, highlighted the demographic breakdown of the successful candidates.
Out of the 6,755 who passed, 5,637 were male and 1,118 were female.
Additionally, 264 senior citizens from across Maharashtra also cleared the examination, with 13 of them being women.
Notably, the eldest candidate to pass the exam was 84-year-old Daulatsinh Gadhvi from Mumbai.
This latest phase of the examination is part of MahaRERA's ongoing efforts to ensure the competence and professionalism of real estate agents in the state.
Since the introduction of the mandatory competency exams in January 2023, over 20,000 real estate agents have successfully cleared the tests.
MahaRERA has been stringent in enforcing the new regulations.
In May 2024, the authority suspended the registration of over 20,000 agents who failed to comply with the training and certification requirements.
There are currently around 47,000 registered real estate agents in Maharashtra.
In addition to the competency exams, MahaRERA has implemented several other measures to enhance transparency and accountability in the real estate sector.
Real estate agents are now required to make half-yearly progress reports public, providing detailed information on projects they are handling.
This initiative, introduced in February 2023, aims to keep homebuyers informed about the status of their investments.
To further protect homebuyers, MahaRERA issued guidelines on January 18, outlining the key factors to consider before purchasing a property.
These guidelines emphasize the importance of due diligence and the need to work with registered real estate agents.
Developers are also required to submit quarterly progress reports to MahaRERA, and homebuyers are encouraged to monitor these updates through the MahaRERA website.
In case of any complaints, homebuyers can directly contact MahaRERA for assistance.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is a statutory body established under the Real Estate (Regulation and Development) Act, 2016, to regulate and promote the real estate sector in the state.
MahaRERA ensures the rights and interests of homebuyers and developers are protected, fostering a transparent and fair real estate market in Maharashtra.
Through these stringent measures and continuous efforts, MahaRERA is paving the way for a more professional and trustworthy real estate market in Maharashtra, benefiting both homebuyers and real estate professionals.
Frequently Asked Questions
What is MahaRERA?
MahaRERA is the Maharashtra Real Estate Regulatory Authority, a statutory body established under the Real Estate (Regulation and Development) Act, 2016. It aims to regulate and promote the real estate sector in Maharashtra, ensuring the rights and interests of homebuyers and developers are protected.
When was the sixth phase of the real estate agent competency exam held?
The sixth phase of the real estate agent competency examination was held on January 4, 2025.
What was the success rate of the sixth phase examination?
The success rate of the sixth phase examination was 89%, with 6,755 out of 7,624 candidates clearing the exam.
Who topped the sixth phase examination?
Pune's Praveen Kamble topped the sixth phase examination with a score of 98%.
What are the obligations of real estate developers under MahaRERA?
Real estate developers are required to submit quarterly progress reports to MahaRERA and ensure that the information on projects is transparent and accessible to homebuyers. They must also comply with other guidelines issued by MahaRERA to ensure the protection of homebuyers' interests.
Related News Articles
Luxury Real Estate in Mumbai Hits New Heights with Record-Breaking Deal
Apco Infratech breaks records with its Rs 155 crore purchase of a luxury triplex apartment in Mumbai's Pali Hill, setting a new benchmark in India's residential property market.
R Madhavan's Luxurious Living: Inside His New Mumbai Apartment
R Madhavan buys a luxurious apartment in Mumbai's Bandra Kurla Complex for Rs 17.5 crore, showcasing his penchant for luxurious living.
MahaRERA Chairman Ajoy Mehta Bids Adieu: A Legacy of Transparency and Accountability in Maharashtra's Real Estate Sector
After serving for over two-and-half-years, MahaRERA Chairman Ajoy Mehta retires today, leaving behind a legacy of transparency and accountability in Maharashtra's real estate sector.
Housing Sector: Diversify Your Portfolio with a Basket of Stocks
Diversifying your investment in the housing sector can help you mitigate risks and potentially maximize returns. Learn how to select and manage a portfolio of housing stocks.
NRI Investment Season: A Thriving Opportunity in Indian Real Estate
The Indian real estate market is witnessing a surge in interest from Non-Resident Indians (NRIs), driven by favorable economic conditions, regulatory reforms, and evolving buyer preferences. With the festive season adding to the momentum, NRIs are increas
Mahindra Lifespaces and Livingstone Infra to Revamp Mahalaxmi Project in Mumbai
Mahindra Lifespaces and Livingstone Infra have joined forces to redevelop a significant project in Mahalaxmi, Mumbai. This strategic partnership aims to transform the real estate landscape in one of the city's most vibrant areas, bringing modern amenities