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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鈥檚 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鈥攈ome to the Mumbai Metropolitan Region鈥攈as 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鈥攅nsuring 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