[INDIA REAL ESTATE NEWS] Good morning, everyone.|
I’m Shashi kant shukla staff of Kamagroup Pvt. Ltd. Here I have important
INDIA REAL ESTATE news to share with you which is as mentioned under.
MUMBAI: Real estate portals like Magicbricks.com, 99acres.com, Makaan.com
and Housing.com, among others, will now have to register themselves as real estate
agents under the state regulator MahaRera.
In a recent order, the regulator has noted that such portals which carry out the functions
of a real estate agent should register themselves with the Maharashtra
Real Estate Regulatory Authority (MahaRera) within the next two months.
MahaRera said in its judgement, "Portals which carry the function of real estate agent...
need registration. Such digital portals are directed to register themselves with
MahaRera within the next two months if their activities are spread within the territorial
jurisdiction of it."
In July last year, consumer body Mumbai Grahak Panchayat had written a letter to
MahaRera chairman pointing out that the activities of property portals and had
sought clarification from the authority on the role of agents.
Read more at : https://economictimes.indiatimes.com/wealth/real-estate/property-portals-need-to-register-with-maharera-in-next-2-months/articleshow/71643685.cms
Kamagroup Pvt. Ltd.
Have a nice day.