Maharashtra Real Estate Agents Reach 50,000 Mark; Pune Division Second
The number of real estate agents registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) has surpassed 50,000, with Pune division securing the second spot. This milestone underscores the growing importance of certified agents in ensuring transparency and compliance in the real estate sector.
Real Estate Pune:The number of real estate agents registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) has crossed 50,000, closely matching the total number of housing projects registered under the regulator, officials said on Monday. Of the 50,673 agents as of May, 31,980 hold active registrations. The remaining 18,693 have been de-registered for non-compliance, largely due to failure to obtain mandatory certification or renew their licences.
These numbers highlight the pivotal role agents play in the real estate ecosystem by bridging the gap between developers and homebuyers. They are often the first point of contact for customers and must be fully informed about the legal and procedural aspects of a project. A MahaRERA official told TOI, “These numbers highlight the pivotal role agents play in the real estate ecosystem by bridging the gap between developers and homebuyers. They are often the first point of contact for customers and must be fully informed about the legal and procedural aspects of a project.”
With 50,162 registered housing projects, Maharashtra tops the list in the country. Tamil Nadu, with 27,609 projects, is in a distant second, while Gujarat is in third place with 15,322 projects. MahaRERA mandates all agents to undergo training and obtain certification to ensure they are well-versed in key regulatory provisions under the Real Estate (Regulation and Development) Act, 2016. These include knowledge of the model sale agreement, allotment letter, carpet area definition, and the defect liability period.
The aim is to promote transparency and enable homebuyers to make informed decisions. The largest concentration of registered agents is in Konkan division, which includes Mumbai Metropolitan Region (MMR), with 21,050 registrations. Within Konkan, Mumbai Suburb leads with 8,365 agents, followed by Thane at 6,760, Mumbai City at 3,457, Raigad at 1,340, and Palghar at 1,086. Placed in a distant second is Pune division with 8,205 agents, of whom 7,931 are in Pune district alone.
Other districts such as Kolhapur, Satara, Solapur, and Sangli account for relatively smaller numbers. Nagpur division, with 1,504 registered agents, is in third slot, while other regions lag significantly. North Maharashtra has 490, Sambhajinagar 343, and Amravati just 237. Notably, several districts such as Ratnagiri, Sindhudurg, Gadchiroli, and Washim report fewer than 10 active agents.
Maharashtra's real estate market, particularly MMR and Pune, has drawn agents from more than 150 cities, including Delhi, Gurgaon, Hyderabad, Bengaluru, Ahmedabad, and Prayagraj. This national influx reflects Maharashtra's continued dominance as India's most active real estate hub, said a registered real estate agent association's member. Officials said that certification and compliance are critical, especially since agents act as intermediaries who present multiple housing options to buyers. “Uniformity and consistency in the sales are essential. Certification ensures that agents guide buyers with accurate legal and technical information,” the MahaRERA official said.
A large number of cancellations — 18,693 — also serves as a warning, with MahaRERA actively weeding out agents who fail to meet the compliance norms. Many de-registered agents did not obtain the mandatory certificate, while others allowed their registrations to lapse without renewal.
Frequently Asked Questions
How many real estate agents are registered with MahaRERA?
As of May, 50,673 real estate agents are registered with MahaRERA.
What is the main reason for the de-registration of real estate agents?
Agents are de-registered primarily for non-compliance, such as failure to obtain mandatory certification or renew their licences.
Which division has the highest number of registered real estate agents?
Konkan division, which includes Mumbai Metropolitan Region (MMR), has the highest number of registered agents with 21,050 registrations.
What is the importance of certification for real estate agents?
Certification ensures that agents are well-versed in key regulatory provisions under the Real Estate (Regulation and Development) Act, 2016, promoting transparency and informed decision-making by homebuyers.
How does MahaRERA contribute to the real estate market in Maharashtra?
MahaRERA mandates training and certification for agents, ensuring they provide accurate legal and technical information to homebuyers, thereby promoting transparency and compliance in the market.