Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Tuesday issued directives to real estate agents to mandatorily submit half-yearly reports of their transactions to bring transparency and accountability
The circular also made it mandatory for real estate agents with turnover of over ₹20 lakh to appoint a principal officer and a designated director in their firms and update the record with the authority as per the guidelines issued under the Prevention of Money Laundering Act (PMLA). In November 2022, the PMLA had notified the real estate agent defined under section 2 of RERA as a “person carrying on designated business or profession.”
https://www.hindustantimes.com/cities/mumbai-news/maharera-asks-real-estate-agents-to-submit-half-yearly-reports-101676405851746.html
Source: Hindustan Times
