The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled the registrations of 18,693 real estate agents for failing to meet mandatory requirements, including certification and license renewals.
MahareraReal Estate AgentsComplianceRegistrationDeregistrationReal Estate MaharashtraMay 19, 2025
MahaRERA stands for Maharashtra Real Estate Regulatory Authority. It is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, to regulate the real estate sector in Maharashtra and protect the interests of homebuyers.
The registrations were cancelled due to non-compliance with mandatory requirements, including the failure to obtain the required certification or to renew their licenses on time.
Currently, 31,980 agents hold active registrations with MahaRERA out of the total 50,673 agents registered.
The Konkan area, which includes the Mumbai Metropolitan Region, has the highest number of registered agents at 21,050.
Agents must be well-versed in the Model Sale Agreement, Allotment Letter, Carpet Area, and Defect Liability Period, among other regulatory elements, to ensure transparency and consistency in property transactions.
At least 22 passengers were injured after a bus rammed into a tree on the roadside near Sahajpur Phata in the Yavat area of Pune district.
The residential real estate market in Hyderabad experiences a significant downturn, with a 36% drop in housing sales and a 19% decline in new launches in Q2 2024.
The Indian real estate industry is eagerly awaiting the 2024 Union budget, hoping for policies that will boost investments and stimulate growth.
JSW Group has bought office spaces spanning 52,694 sq ft in Seawoods Grand Central, Navi Mumbai for ₹88.12 crore, as per property registration documents.
Discover the intricate and often murky world of real estate, where retrieving a property valued at Rs 5,300 crore after preferential and fraudulent transactions becomes a story of resilience and legal battles.
The suicide of real estate developer Venu Gopal Reddy has ignited a political uproar, with opposition leaders blaming the government for his death and accusing it of neglecting the business community.