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
Arvind SmartSpaces Ltd Sees Impressive Growth with 49% YoY Increase in Bookings
Arvind SmartSpaces Limited announces its Q1 FY25 financial results, boasting a 49% YoY growth in bookings and a 21% increase in collections.
PCMC Contract Worker Arrested in Bribery Case: Water Inspector Remains at Large in Pune
In a significant development, a PCMC contract worker has been arrested in a bribery case, while the water inspector remains on the run. The incident has raised concerns about corruption in public services in Pune, a city known for its rapid growth in real
Country Garden's Sales Decline Deepens in January, Adding to Troubles
Country Garden, one of China's largest real estate developers, has reported a significant drop in sales for January, exacerbating the company's ongoing challenges in the volatile property market.
Alt, the Holding Company for Property Share, to Raise Rs 2.8K Cr in New Funding
Mumbai: Alt, the holding company for Property Share, a leading platform in fractional real estate ownership, is set to raise Rs 2.8K crore. This move is expected to further boost the company's market presence and expand its innovative real estate solution
Pune Real Estate: Property Registrations Decline but Stamp Duty Collections Remain Stable
Pune's real estate market witnessed an 8% Year-on-Year decline in property registrations in January 2025, with a total of 16,330 properties registered. Despite this, stamp duty collections remained steady at ₹590 crore.
Good News! State Government Plans Cancer Hospital in Pune Amid Growing Patients
The state government has announced plans to build a specialized cancer hospital in Pune, a city with a rapidly growing population and increasing number of cancer patients. This move is expected to significantly enhance healthcare services and provide much