NAR India and UCO Launch India’s First MLS Pilot in Mumbai, Revolutionizing Real Estate Transparency
The National Association of REALTORS® (NAR) India and Universal Consulting Opportunities (UCO) have partnered to introduce India’s first MLS pilot in Mumbai, aiming to enhance transparency and professionalism in the real estate sector.
Real EstateMlsNar IndiaUcoMumbaiReal Estate NewsOct 16, 2025
The partnership will debut with the launch of India’s first MLS pilot in Mumbai, a city comparable to New York in scale and economic significance. This initiative is the foundation of a nationwide transformation that will bring structured data, greater professionalism, and market transparency to India’s $1 trillion real estate sector projected by 2030.
With a population of 1.46 billion, near-universal internet access, and one of the world’s most advanced digital payments and identity ecosystems, India is uniquely positioned to leapfrog into a data-driven, globally benchmarked real estate future.
NAR India, representing over 40 member associations and more than 50,000 real estate professionals, has long been at the forefront of promoting industry ethics, education, and advocacy. This partnership with UCO combines NAR India’s deep market understanding with UCO’s global MLS expertise, paving the way for a scalable and technology-led infrastructure that benefits agents, brokers, developers, and consumers alike.
Indians are now the fourth-largest group of foreign buyers in U.S. real estate, accounting for 6% of international transactions at an average purchase price of $346,400. Simultaneously, Non-Resident Indians (NRIs) remain a powerful investment force within India. This collaboration creates a two-way ecosystem enhancing trust, standardization, and data-driven insight for buyers, sellers, and professionals on both sides of the globe.
Merri Jo Cowen, CEO of UCO and Stellar MLS, said, “India’s scale, digital maturity, and economic growth make it the ideal market to reimagine how real estate information is shared and trusted. Through this collaboration with NAR India, we aim to establish a foundation that simplifies transactions, improves transparency, and opens global opportunities for Indian real estate professionals.”
Sumath Reddy, Chairman, NAR India, said, “For years, the Indian real estate sector has needed a system that brings structure, reliability, and accountability to property data. With the MLS entering our market, we are taking a decisive step toward a more organized, transparent, and trustworthy ecosystem. This is a long-term reform one that will benefit every stakeholder, from agents to end-buyers.”
Tarun Bhatia, Vice Chairman and Chair – Global, NAR India, stated, “This partnership represents more than technology adoption; it’s about global integration. By working with UCO, we’re setting a new standard for how real estate data is managed, accessed, and shared, empowering our members to build credibility and compete on a global stage.”
He added, “The MLS framework will strengthen professional trust within India while aligning our market with international best practices. It’s a transformative moment for our industry.”
Amit Chopra, President, NAR India, commented, “The launch of India’s first MLS pilot reflects our commitment to elevate the profession and empower our members with tools that match global standards. This collaboration is not just about technology; it’s about trust. It will redefine how properties are listed, verified, and transacted, ensuring that professionalism and integrity become the new benchmarks in Indian real estate.”
Frequently Asked Questions
What is an MLS?
An MLS (Multiple Listing Service) is a database used by real estate professionals to list and share property listings. It provides a centralized platform for buyers, sellers, and agents to access comprehensive and accurate property information.
Why is the partnership between NAR India and UCO significant?
The partnership is significant because it introduces India’s first MLS pilot in Mumbai, aiming to enhance transparency, professionalism, and data accuracy in the real estate sector. It also creates a two-way ecosystem for global real estate transactions.
What are the benefits of the MLS for the Indian real estate market?
The MLS will bring structured data, greater professionalism, and market transparency to India’s real estate sector. It will benefit agents, brokers, developers, and consumers by simplifying transactions and improving trust.
How will this partnership impact Non-Resident Indians (NRIs)?
The partnership will enhance trust, standardization, and data-driven insights for NRIs, making it easier for them to invest in properties both in India and the U.S.
What is the projected future of India’s real estate sector?
India’s real estate sector is projected to reach $1 trillion by 2030. The introduction of the MLS will play a crucial role in achieving this growth by bringing more structure, reliability, and accountability to property data.
Related News Articles
Honoring Excellence in Indian Real Estate: Realty+ Women Icon Awards 2024
Realty+ celebrates women leaders in Indian real estate, pushing boundaries and driving growth.
Purva Home Fest 2024: A Grand Celebration of Home Buying in Mumbai and Pune
Get ready to find your dream home as Puravankara, a renowned real estate developer in India, presents the Purva Home Fest 2024 in Mumbai and Pune, starting from Navratri.
Latest Developments in the Indian Real Estate and Infrastructure Sectors: Godrej Properties, L&T, Indian Oil, PNC Infratech, NALCO in Focus
Godrej Properties Ltd has made a strategic move by acquiring three adjoining plots totaling 6.54 acres in Kharghar, Mumbai. This acquisition comes at a time when the real estate market is witnessing robust housing demand, making it a significant step for
Rise of Certified Real Estate Professionals: Lamrin Tech Skills University Takes the Lead
The real estate market in India has matured, becoming more organized and transparent. It's time for a unified policy in the sector, and Lamrin Tech Skills University is leading the way by awarding certifications to real estate professionals.
FASTag Becomes Mandatory at MSRDC Toll Plazas from April 2025
Starting from April 2025, the Maharashtra State Road Development Corporation (MSRDC) will enforce the mandatory use of FASTag at all its toll plazas, marking a significant step towards streamlining toll payments and reducing traffic congestion.
Pune Set to Launch Trump World Center: India's First Trump-Branded Office Complex
Pune is set to welcome the first Trump-branded office complex in India, marking a significant milestone in the country's real estate market. This ambitious project, known as Trump World Center, is expected to bring a new level of luxury and prestige to th