The electronic registration of such projects begins with developers with more than 50 rental apartments registered with the Real Estate Authority (RERA), followed by other developers.
PUNE: The gradual introduction of online registration of first-sale items is expected to begin on October 2nd and the software required for it is in the final stages of development.
The electronic registration of such projects begins with developers with more than 50 rental apartments registered with the Real Estate Authority (RERA), followed by other developers. With the electronic registration process, builders and buyers can register the real estate deed with the developer office using software from the state registration office.
Inspector General for Registrations and Stamps, Shravan Hardikar, said Wednesday that all software-related work is going according to plan. “The process is voluntary for developers. We expect more developers to use this software. “
Finance Minister Balasaheb Thorat said that the online registration of the first sales projects should start on October 2nd: “All developers registered with MahaRERA can contact the software department. The software will be made available to you after a thorough examination. “Citizens willing to sub-register their properties can continue with the traditional process,” said an official from the registration department.
Members of the Confederation of Real Estate Developer Associations of India (Credai) plan to set up their offices as registers, while a common area can be completed to help small home builders carry out the process.
Shantilal Kataria, vice president of Credai, told TOI that the electronic registration process will benefit both developers and citizens. “Credai is considering whether its members can complete the registration process from their offices,” he said.
Activist Shrikant Joshi told TOI that there may not be any technical deficiencies and that the new procedure will help reduce the number of visitors to the secondary registration sites. “The system has to be transparent,” he said.