Maharashtra's Real Estate Agents Reach 50,000 Mark with MahaRERA
The number of real estate agents registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) has surpassed 50,000, with active registrations reaching 31,980. This milestone underscores the importance of certified agents in ensuring transparency in the real estate market.
Real Estate Mumbai:The number of real estate agents registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) has now crossed 50,000, closely matching the total number of housing projects registered so far under the regulator. As of May, 31,980 agents hold active registrations, while 18,693 have been de-registered for non-compliance, primarily due to the failure to obtain mandatory certification or renew their licenses.
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, according to a MahaRERA official.
Maharashtra leads the country with 50,162 registered housing projects, followed by Tamil Nadu with 27,609 and Gujarat 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. This includes 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 the Konkan division, which includes the 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.
Pune division is placed in a distant second 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 the third slot, while other regions lag significantly. North Maharashtra has 490, Sambhajinagar has 343, and Amravati has 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, according to a registered real estate agent association's member.
Officials emphasized that certification and compliance are critical, especially since agents act as intermediaries who present multiple housing options to buyers. 'Uniformity and consistency in sales are essential. Certification ensures that agents guide buyers with accurate legal and technical information,' said a MahaRERA official.
The 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, the number of real estate agents registered with MahaRERA has crossed 50,000, with 31,980 holding active registrations.
What are the reasons for de-registration of agents?
Agents are de-registered for non-compliance, primarily due to the failure to obtain mandatory certification or renew their licenses.
Which division has the highest number of registered agents?
The Konkan division, which includes the Mumbai Metropolitan Region (MMR), has the highest number of registered agents with 21,050 registrations.
What is the role of MahaRERA in the real estate market?
MahaRERA mandates all agents to undergo training and obtain certification to ensure they are well-versed in key regulatory provisions, promoting transparency and enabling homebuyers to make informed decisions.
Which states are leading in the number of registered housing projects?
Maharashtra leads the country with 50,162 registered housing projects, followed by Tamil Nadu with 27,609 and Gujarat with 15,322 projects.