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MahaREAT: Property Portal need not register as realty agents just yet

#Law & Policy
Synopsis

The Maharashtra Real Estate Appellate Tribunal has overturned a decision made by the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the registration of property portals as real estate agents. The tribunal has instructed the authority to reconsider the matter. In 2019, the real estate authority had ordered the web portals to register as real estate agents. However, the web portals contested this ruling, claiming that they simply provide information to the public through advertisements and do not participate in any sales.

The Maharashtra Real Estate Appellate Tribunal has overturned a decision made by the Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding the registration of property portals as real estate agents. The tribunal has instructed the authority to reconsider the matter. In 2019, the real estate authority had ordered the web portals to register as real estate agents. However, the web portals contested this ruling, claiming that they simply provide information to the public through advertisements and do not participate in any sales.




Property portals claimed that they advised people to verify information about a project from other sources, including the Maharashtra Real Estate Regulatory Authority (MahaRERA), before making a final decision. In July 2018, the Mumbai Consumers’ Association filed a complaint with MahaRERA, stating that the portals should be registered as real estate agents with the authority.

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