Property brokers seek single licence to operate in India

The National Association of Realtors (NAR) India, a real estate body representing more than 50,000 property brokers across the country, has urged the central government for a single licence for brokers to operate throughout the country irrespective of the state they belong to.

Central Advisory Council constituted under provisions of the Real Estate (Regulation and Development) Act, 2016 under the chairmanship of the ministry of housing and urban affairs has sent out letters to all states in the context of 'One nation, one licence' for real estate agents, people aware of the development said. The states are yet to implement or work out the modalities for the same, they added.

If implemented, it will enable realtors and brokers to carry out their business seamlessly across all states.