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Consumer Body Has Asked MahaRera To Bring Property Portals Under Its Ambit

Rajbir Achoriwala

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Consumer Body Has Asked MahaRera To Bring Property Portals Under Its Ambit

MahaRERA has been urged by city-based consumer body Mumbai Grahak Panchayat (MGP) to bring Property portals under its ambit. MGP has urged this so further transparency and accountability in the real estate sector can be enhanced.

MGP in a letter to MahaRERA chief Gautam Chatterjee wrote, “Real estate web portal companies operating in Maharashtra have to be treated as ‘real estate agent’ under Rera.” It has also asked for permission for registration of such portals under MahaRERA in the next 60 days.

MGP chairman Shirish Deshpande said, “With regard to the definition of a real estate agent, we have no doubts that property portals like Magicbricks.com, Makaan.com, 99acres.com, among others, are acting as agents, facilitating buying/selling of properties. As such they are legally liable to register themselves with MahaRERA.”

He further informed that they have urged MahaRERA and are awaiting their response. He added, “MGP is of the view that under MahaRERA, property web portals registration will build more confidence in minds of homebuyers and will also make them accountable/ responsible to homebuyers.”

RERA Act 2016 came into full effect from May 2017. It mandates everyone carrying out the activities of an ‘agent’ as defined by the Act to register themselves under the act. Nonetheless, if agents and builders are only advertising on a real estate portal then it does not require any registration.

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