MahaRERA Registers Real Estate Agents from Across India
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has seen a significant surge in registrations, with over 50,000 agents now registered. Interestingly, agents from 150 cities across India, including New Delhi, Gurgaon, Prayagraj, Hyderabad, Bengaluru, Goa, Ahmedabad, Patna, and Jammu, are part of this list.
The highest number of agents registered with MahaRERA are from the Mumbai Suburban district, with 8,365 agents. This is followed by Pune district with 7,931 agents and Thane district with 6,760 agents. According to the regulator, the real estate sector's position in the Mumbai Metropolitan Region (MMR) and Pune has attracted agents from major cities across India, including New Delhi, Hyderabad, Bengaluru, and even places like Kanchipuram, Nainital, and Indore.
As many as 14 agents registered with MahaRERA are from Gautam Buddha Nagar in Uttar Pradesh. Similarly, 14 agents are from Bengaluru, 9 from Gurgaon, 5 from Kolkata, 3 from New Delhi, and 3 from Kanchipuram among various cities outside Maharashtra.
'It makes sense for a realtor firm operating pan India to register with MahaRERA if they intend to do business here. Besides, a large number of people are investing pan India,' said Pramod Vyas of Jayant Associates, a realtor. 'The younger generation keeps moving to different cities and ends up investing in properties in those cities. Besides, people who are into various businesses in other cities across the country find the real estate market in Mumbai lucrative and want to invest in the real estate market here. For both these categories, they seek trusted realtors or realtors in the cities they hail from with knowledge of the real estate market here,' added a realtor.
According to the regulatory authority, while 50,673 agents registered with MahaRERA, only 31,980 of these agents are active. The remaining 18,693 agents were de-registered by MahaRERA for various reasons. A real estate agent plays the role of a consultant and is a crucial link between the homebuyer and the developer.
