Maharashtra's Real Estate Sector Reaches New Heights with Over 50,000 Registered Agents
In a significant development, the number of real estate agents registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) has surpassed 50,000, marking a major milestone for the state's property market.
Real EstateMahareraMaharashtraProperty MarketHomebuyersReal Estate MaharashtraMay 19, 2025
The Konkan region, which includes the Mumbai Metropolitan Region, leads with 21,050 registered agents, more than double the number of agents in the Pune division, which stands at 8,205. Other regions lag significantly—Nagpur has 1,504 agents, north Maharashtra 490, Sambhajinagar 343, and Amravati 237.
These agents play a crucial role as the initial point of contact for homebuyers. They are responsible for educating buyers on important regulatory provisions such as the model sale agreement, carpet area, defect liability period, and allotment letters. This increased transparency helps consumers make more informed decisions, according to a MahaRERA spokesperson.
The influence of MahaRERA extends beyond Maharashtra, with agents from almost 150 cities across India, including New Delhi, Bengaluru, Hyderabad, Gurgaon, Ahmedabad, Goa, Patna, Prayagraj, and Jammu, registering with the regulator. “This migration is a testament to Maharashtra’s dominance in the real estate sector, especially within the Mumbai Metropolitan Region (MMR) and Pune, which continue to attract developers and investors from all parts of the country,” the spokesperson added.
Recognizing the vital role of agents, MahaRERA has made training and certification mandatory. Many deregistered agents lost their licences due to non-compliance with these requirements or failing to renew their registrations. This growing number of certified agents is expected to create a more standardized and regulated property market. By mandating certification and regulatory knowledge, MahaRERA aims to ensure fair practices and protect homebuyers' interests.
Frequently Asked Questions
What is MahaRERA?
MahaRERA stands for the Maharashtra Real Estate Regulatory Authority. It is a regulatory body set up under the Real Estate (Regulation and Development) Act, 2016, to regulate the real estate sector in Maharashtra and protect the interests of homebuyers.
How many real estate agents are registered with MahaRERA?
As of the latest count, over 50,000 real estate agents are registered with MahaRERA, with 50,673 being the exact number.
Why are some agents deregistered?
Agents are deregistered due to various reasons, including non-compliance with MahaRERA regulations, failure to complete mandatory certifications, and not renewing their licences on time.
Which region has the highest number of registered agents?
The Konkan region, which includes the Mumbai Metropolitan Region, has the highest number of registered agents with 21,050.
What is the role of certified agents in the real estate market?
Certified agents play a crucial role by educating homebuyers about important regulatory provisions, ensuring transparency, and facilitating fair and informed property transactions.
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