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Property portals must be bought under MahaRERA: MGP

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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 real estate sector. In a letter to MahaRera chief Gautam Chatterjee, MGP said, "Real estate web portal companies operating in Maharashtra have to be treated as 'real estate agent' under Rera." It has also sought registration of such portals under MahaRera in the next 60 days. 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 Rera. However, if a real estate portal is a mere platform where agents and builders are displaying their advertisement than it does not need registration.

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