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Consumer body wants online real estate portals to be brought under MahaRera

The Mumbai Grahak Panchayat has also sought registration of such portals under MahaRera in the next 60 days

Press Trust of India  |  Mumbai 

MahaRera

City-based consumer body Mumbai Grahak Panchayat (MGP) has urged MahaRera to bring property portals under its ambit to further increase transparency and accountability in the sector.

In a letter to MahaRera chief Gautam Chatterjee, a copy of which is with the PTI, said, "web portal companies operating in have to be treated as 'agent' under "

It has also sought registration of such portals under MahaRera in the next 60 days.

"With regard to the definition of 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," chairman Shirish Deshpande told PTI.

He further said has approached MahaRera and is awaiting its response.

"MGP is of the view that registration of under MahaRera will create more confidence in minds of homebuyers and will also make them accountable/ responsible to homebuyers," Deshpande added.

The Real Estate (Regulation & Development) Act, 2016 (Rera), which came into full effect from May 2017, mandates everyone carrying out the activities of an 'agent' as defined by the Act to register themselves under

However, if a is a mere platform where agents and builders are displaying their advertisement than it does not need registration.

First Published: Thu, July 05 2018. 16:33 IST
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