Maharashtra's Real Estate Regulatory Authority (Maharera) has cancelled the registration of 18,693 agents by clamping down on thousands of property brokers across the state. The agents who did not renew the license or have not completed compulsory training and certification have been brought under this action. This step is considered important towards increasing transparency and professionalism in real estate sector.
Agents from Mumbai to Pune fell on agents
The maximum 5,538 of cancelled agents are from suburban areas of Mumbai. At the same time, 4,303 Thane, 3,476 Pune and 2,463 agents are from Mumbai City. These figures show that the rules were also being ignored on a large scale in the state's major real estate hotspots.
More than 50 thousand agents were registered, now only 31,980 active
"Out of the total 50,673 property agents registered with Maharera in the last eight years, only 31,980 are now active. The remaining agents have either been out of the system themselves, or their registration has been cancelled due to not accepting regulation.
Mumbai became the biggest hub, Pune and Thane also did not lag behind
Mumbai has the highest number of more than 11,800 agents registered in Mumbai so far, while in Pune the number is beyond 8,200. There are about 6,700 agents in Thane, and hundreds of registered agents in cities like Nagpur, Nashik, Sambhajinagar.
It is not easy to become an agent now, training and exams are necessary
From January 2023, Maharera clarified that a fixed training course and certification would be mandatory to become a registered agent. In addition, agents will have to make their progress report public every six months, including which projects they are working on.
Real estate market of Maharashtra remains a center of attraction for agents
Interestingly, with Maharara, not only Maharashtra, but also agents from more than 150 cities like Delhi, Gurugram, Prayagraj, Bengaluru, Hyderabad, Goa, Ahmedabad and Jammu are also registered. It is clear from this that the real estate market of Maharashtra remains a center of attraction for agents across the country.
Maharashtra topped the highest project registration in the country
According to recent data from Maharera, more than 50,000 real estate projects have been registered in Maharashtra so far - which is the largest number of projects registered by any state across the country. Surprisingly, about half of these projects are focused in Mumbai Metropolitan Region and Pune.
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FAQs
1. Why did MahaRERA deregister 18,693 actual property retailers?
MahaRERA (Maharashtra Real Estate Regulatory Authority) deregistered these sellers commonly for non-compliance with regulatory requirements such as failing to renew their registration, no longer filing mandatory documents, or not adhering to RERA suggestions. The pass pursuits to enhance transparency and obligation in Maharashtra's actual belongings region.
2. What does deregistration mean for the ones real belongings sellers?
Deregistration method the affected entrepreneurs are no longer legal to feature in the actual assets location below MahaRERA. They can't legally represent customers, sellers, or developers in RERA-registered projects until they reapply and meet compliance necessities set by way of manner of the authority.
