Konkan tops MahaRERA agent registrations as total count exceeds 50,000; 37% agents deregistered for not meeting certification or renewal norms.

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MahaRERA has introduced a two-year tenure limit for Self-Regulatory Organisation (SRO) appointees to enhance transparency and ensure subject matter expertise in real estate project registrations.

MahaRERA has frozen 1,950 project accounts across Maharashtra in a crackdown on non-compliant developers, aiming to enforce accountability and protect homebuyers affected by delays and incomplete projects.

In a major milestone for Maharashtra's real estate sector, 87% of fifth MahaRERA real estate agents' test applicants passed. Out of 4,769 applicants, 4,165 are certified, expanding the state's real estate agent pool.

Promoters must now use only qualified and certified real estate agents under MahaRERA. This guideline protects homebuyers and the real estate industry. Non-compliance might lead to project registration rejections, registration revocations, or promoter fines.

MahaRERA reached a milestone in 2023-24, registering 4,332 projects from 5,471 applicants. Officials stressed that the remaining applications are being carefully reviewed to ensure project integrity and compliance.

In the real estate realm, "stalled projects" are those that have ceased construction entirely, contrasting with "delayed projects" which progress slowly due to various factors.