MahaRERA Hits 50,000+ Agent Registrations, But 37% No Longer Active

In a significant development for Maharashtra’s real estate sector, the number of agents registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) has reportedly exceeded the 50,000 mark, reaching 50,673. However, only 31,980 agents are currently active, while 18,693 have been deregistered due to non-compliance, incomplete certifications, or failure to renew licences.

Wider Reach: Agents Registered from Across India

MahaRERA’s database now includes registrations from agents based in nearly 150 cities outside Maharashtra, including metropolitan centres such as New Delhi, Hyderabad, Gurgaon, Ahmedabad, Prayagraj, and Jammu. This reflects the growing nationwide footprint and influence of Maharashtra’s regulated property market.

Konkan Region Dominates Agent Count

The Konkan division, which encompasses the Mumbai Metropolitan Region (MMR), leads the state with 21,050 registered agents. This figure is more than twice the number of agents in the Pune division, which stands at 8,205.

Other regions trail significantly behind. Nagpur has 1,504 agents, while North Maharashtra has 490. Sambhajinagar and Amravati report just 343 and 237 registered agents, respectively.

Standardisation and Consumer Awareness on the Rise

Officials believe that the increasing number of certified agents is helping standardise real estate transactions and enforce regulatory compliance across the board. A MahaRERA spokesperson highlighted that these agents play a crucial role as the first point of contact for most homebuyers. They are expected to educate clients on important regulatory elements such as model sale agreements, carpet area calculations, defect liability periods, and allotment procedures.

This growing professionalism, it was noted, is likely to promote transparency and empower buyers to make more informed decisions in the real estate market.

Disclaimer: This news article is based on publicly available information and statements from relevant authorities. It does not constitute legal or investment advice.