Dr. Vasant Prabhu, Former Secretary of MahaRERA, is an expert in municipal finance and real estate regulation in India. With a law degree and extensive governance experience, he has driven key reforms in compliance, digital transformation, and policy-making, establishing himself as a trusted authority in the field.
Dr. Vasant Prabhu is a distinguished expert with 30+ years of experience in municipal finance, governance, and real estate regulatory policy, including a leadership role in MahaRERA.
With a strong academic background in law, financial management, and municipal finance, Dr. Prabhu brings a unique interdisciplinary perspective to public policy, urban development, and real estate regulations in India.
Ph.D. in Municipal Finance
from the University of Mumbai, with a focus on the relationship between municipal income and investment in essential services.
Master of Financial Management and Bachelor of Electrical Engineering, adding a technical and economic perspective to his policy insights.
Dual Law Degrees (LL.B. and LL.M.), with expertise in constitutional law, bringing a deep understanding of legal frameworks surrounding property rights and legislative governance.
Dr. Prabhu’s career began with the MCGM, where he served as Deputy Municipal Commissioner, leading key zones and pioneering digitization efforts for the municipal IT infrastructure. His 17-year tenure was marked by initiatives in e-governance, ERP implementation, and enhancing municipal operations without a single disciplinary infraction, underscoring his commitment to transparent governance.
Since MahaRERA’s inception in 2017, Dr. Prabhu has been instrumental in building the organization’s framework and operational structure under the leadership of then-Chairman Mr. Gautam Chatterjee. His achievements include:
Dr. Prabhu’s role in MahaRERA also encompasses key policy drafting for the industry. His team’s recent work on defining circulars for financial accountability and consumer protection reflects his dedication to fostering trust and transparency in the real estate market. With an award-winning track record in improving public access to information and supporting compliant real estate practices, Dr. Prabhu remains an influential figure in regulatory discussions
