E-registration of properties to commence from Oct 2: Maharashtra revenue minister

PUNE: State revenue minister Balasaheb Thorat said on Saturday that e-registration for developers for first sale of properties will commence from October 2.

“The registration department is ready with the software and the process will be officially rolled out from October 2. This will be for Rera-registered builders who will be given the software by the department after due checks. This will enable them to register the documents from their offices. Citizens will benefit from this initiative,” he told TOI.

Though the minister had earlier said that e-registration would be made mandatory for all such developers, Thorat said that citizens would be allowed to register properties at sub-registrar offices as well. Ahead of ushering in e-registration for all new housing projects listed under the Maharashtra Real Estate Regulatory Authority (MahaRERA) from October 1, the state registration department is all set to test the software next week, said Shravan Hardikar, inspector general of registration and stamps.

Currently, 50-60 developers are already carrying out e-registration in the state. So far, 350 plus projects and 2,700 documents have been registered through e-registration.

“The software being readied will enable a builder to ready the template for a project within a day’s time. The process used to take more time earlier,” said Hardikar. He said He said that an orientation programme would be held for developers in the last week of September.

The department is also mulling the application process. A developer will have to first reach out to the joint district registrar for accessing the software. With this process expected to see more e-registrations, the department will also ensure more staff to speed up e-registration of documents.

State CREDAI president Sunil Furde said that e-registration would be a game changer for Rera-registered developers and customers. “This will bring transparency and clarity in the registration process,” he said. Customers planning to register properties next month said that the process would rule out middlemen.

Source: https://realty.economictimes.indiatimes.com/news/industry/e-registration-of-properties-to-commence-from-oct-2-maharashtra-revenue-minister/86135062