MahaRERA Cancels License Of Nearly 19,000 Property Agents For Non-Compliance; 3,476 From Pune Affected
MahaRERA Slams Pune Builder for Delay, Orders Compensation and Timely Flat Handover
In a major regulatory move to promote transparency and professionalism in the real estate sector, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has de-registered 18,693 property brokers. The action was taken due to non-renewal of licenses and failure to complete mandatory training and certification.
Since its inception in May 2017, MahaRERA has registered over 50,673 agents, out of which only 31,980 remain active. The cancelled registrations include 2,463 agents from Mumbai city, 5,538 from Mumbai suburbs, 4,303 from Thane, and 3,476 from Pune.
The regulatory authority requires agents to undergo certification under the Real Estate (Regulation and Development) Act, 2016. Training covers key areas like model sale agreements, allotment letters, carpet area definitions, and the defect liability period—crucial information for guiding homebuyers.
Many agents failed to comply with these rules, while others let their licenses lapse, possibly because they operate only in the secondary resale market, which isn’t directly under MahaRERA’s purview.
Despite being one of the most active property markets in India, Maharashtra also leads in the number of registered real estate agents. The Konkan region, including the Mumbai Metropolitan Region, has 21,050 registered agents, followed by Pune (8,205), Nagpur (1,504), North Maharashtra (490), Sambhajinagar (343), and Amravati (237).
MahaRERA’s influence goes beyond Maharashtra, with over 150 cities across India—including Delhi, Gurgaon, Bengaluru, Hyderabad, and Ahmedabad—having agents registered with the authority. This reflects the significant role of Maharashtra’s property market in the national landscape.
To improve regulatory compliance, MahaRERA made certification mandatory from January 2024 for both new and renewing agents. Non-compliance can result in strict penalties, including de-registration. MahaRERA is also the first state regulator to mandate certification as a condition for operating, highlighting the importance of formal training in this sector.
Recognizing that property agents are often the first point of contact for buyers, MahaRERA initiated training and certification programs in January 2023 to ensure agents are knowledgeable and trustworthy. This crackdown reinforces the message that regulatory compliance is essential for maintaining consumer trust and industry integrity.
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