MahaRERA Deregisters 18,693 Non-Compliant Property Agents
Real Estate

MahaRERA Deregisters 18,693 Non-Compliant Property Agents

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled the registration of 18,693 real estate agents for failing to meet mandatory compliance requirements, including certification and timely licence renewals.

As per data available on MahaRERA’s official website, out of the 50,673 agents previously registered, only 31,980 remain active. The deregistration move primarily targets agents who did not obtain the required certification or renew their licences as per regulatory norms.

MahaRERA, which oversees nearly 50,000 registered real estate projects, has a broad network of agents, not only in Maharashtra but also in over 150 cities across India. These include key urban centres such as New Delhi, Gurgaon, Hyderabad, Bengaluru, and Ahmedabad. This nationwide involvement reflects the important role agents play in bridging the gap between developers and homebuyers.

Maharashtra leads the country in the number of registered real estate agents and projects. Region-wise, the Konkan area—home to the Mumbai Metropolitan Region—has the highest number of registered agents at 21,050, followed by Pune with 8,205. Other regions, including Nagpur, North Maharashtra, Sambhajinagar, and Amravati, contribute over 2,500 agents.

Given the influence real estate agents have on buyer decisions, MahaRERA mandates that agents be trained in the Real Estate (Regulation and Development) Act, 2016. Agents are expected to inform buyers about key provisions such as the Model Sale Agreement, Allotment Letter, Carpet Area, and Defect Liability Period—ensuring transparency and informed transactions.

To uphold industry standards and protect consumer interests, MahaRERA has made certification and training mandatory, forming the basis of its recent crackdown on non-compliant agents.

Image source:mypunepulse


"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled the registration of 18,693 real estate agents for failing to meet mandatory compliance requirements, including certification and timely licence renewals.As per data available on MahaRERA’s official website, out of the 50,673 agents previously registered, only 31,980 remain active. The deregistration move primarily targets agents who did not obtain the required certification or renew their licences as per regulatory norms.MahaRERA, which oversees nearly 50,000 registered real estate projects, has a broad network of agents, not only in Maharashtra but also in over 150 cities across India. These include key urban centres such as New Delhi, Gurgaon, Hyderabad, Bengaluru, and Ahmedabad. This nationwide involvement reflects the important role agents play in bridging the gap between developers and homebuyers.Maharashtra leads the country in the number of registered real estate agents and projects. Region-wise, the Konkan area—home to the Mumbai Metropolitan Region—has the highest number of registered agents at 21,050, followed by Pune with 8,205. Other regions, including Nagpur, North Maharashtra, Sambhajinagar, and Amravati, contribute over 2,500 agents.Given the influence real estate agents have on buyer decisions, MahaRERA mandates that agents be trained in the Real Estate (Regulation and Development) Act, 2016. Agents are expected to inform buyers about key provisions such as the Model Sale Agreement, Allotment Letter, Carpet Area, and Defect Liability Period—ensuring transparency and informed transactions.To uphold industry standards and protect consumer interests, MahaRERA has made certification and training mandatory, forming the basis of its recent crackdown on non-compliant agents.Image source:mypunepulse

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement