Over 50,000 Real Estate Agents Now Registered with MahaRERA: A Milestone for Maharashtra's Property Market
Maharashtra's real estate sector has achieved a significant milestone with over 50,000 agents now registered with MahaRERA. This growth is particularly pronounced in the Mumbai Metropolitan Region (MMR) and Pune, reflecting the state's dominance in the sector.
Real EstateMahareraMumbaiPuneCertificationReal Estate PuneMay 19, 2025
Out of these, 31,980 agents remain active, while 18,693 have been deregistered due to various reasons, including non-compliance and failure to complete mandatory certifications and license renewals.
The Konkan region, which includes the Mumbai Metropolitan Region (MMR), leads the way with 21,050 registered agents. This is more than double the number of agents in the Pune division, which has 8,205 agents. Other regions such as Nagpur, north Maharashtra, Sambhajinagar, and Amravati have significantly fewer agents, with 1,504, 490, 343, and 237 agents, respectively.
These agents play a crucial role in the real estate market, serving as the primary 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 ensures greater transparency and empowers consumers to make informed decisions, according to a MahaRERA spokesperson.
MahaRERA’s influence extends beyond Maharashtra, with agents from nearly 150 cities across the country, including New Delhi, Bengaluru, Hyderabad, Gurgaon, Ahmedabad, Goa, Patna, Prayagraj, and Jammu, registering with the regulator. This migration highlights Maharashtra’s dominance in the real estate sector, particularly in the MMR and Pune, which continue to attract developers and investors from all over the country.
Recognizing the importance of these agents, MahaRERA has made training and certification mandatory. Many of the deregistered agents lost their licenses due to non-compliance with these requirements or failing to renew their registrations.
According to officials, the 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 the interests of homebuyers. This move is expected to enhance the overall transparency and reliability of the real estate sector in Maharashtra and beyond.
Frequently Asked Questions
What is MahaRERA?
MahaRERA stands for Maharashtra Real Estate Regulatory Authority. It is a regulatory body established to oversee and standardize the real estate sector in Maharashtra, ensuring fair practices and protecting the interests of homebuyers.
How many real estate agents are registered with MahaRERA?
Over 50,000 real estate agents are now registered with MahaRERA, with a total of 50,673 agents as of the latest count.
What regions in Maharashtra have the highest number of registered agents?
The Konkan region, which includes the Mumbai Metropolitan Region (MMR), has the highest number of registered agents with 21,050. The Pune division follows with 8,205 agents.
Why are some agents deregistered?
Agents may be deregistered due to non-compliance with MahaRERA's requirements, including failure to complete mandatory certifications and license renewals.
What is the role of certified real estate agents in the market?
Certified real estate agents play a crucial role by educating homebuyers on important regulatory provisions, ensuring transparency, and helping consumers make informed decisions in the property market.
Related News Articles
Unlocking $48 Billion in Indian Office Space: The Rise of Fractional Ownership
India's fractional ownership market is expected to exceed $5 billion by 2030
Budget 2024: Reviving Affordable Housing - A Sector in Crisis
The real estate sector is seeking 'high-impact' measures to revive affordable housing, including special schemes, tax breaks, and revised pricing definitions.
Can Urbanization and Nature Coexist? A New Vision for Cities
As cities expand, natural spaces are dwindling. But is it possible to create a symbiosis between urbanization and nature? We explore the possibilities.
Market Sentiment Remains Robust Amidst Fresh IPOs: Anand Tandon
Anand Tandon shares his insights on the current market sentiment, IPOs, and sectors to watch out for.
MahaRERA Orders Developers to Refund Buyers Amid Complaints Over Pending Home Sales
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against developers in Pune, a region heavily affected by pending home sales. MahaRERA has ordered developers to refund buyers to address the growing complaints.
Tayal Corp: Pioneering Architectural Excellence in Pune's Real Estate Market
Led by Ar. Sumit Tayal, Tayal Corp. is not just another real estate developer; it is a collective of thinkers, visionaries, and problem-solvers. Discover how this innovative company is transforming the landscape of Pune's real estate industry.