Push for e-registration for first sale of properties from October: Thorat



Pune: Maharashtra revenue minister Balasaheb Thorat on Tuesday said plans were afoot to make e-registration mandatory for first sale of properties for RERA-registered builders from October.


“We had initially tried it out with some Real Estate Regulatory Authority (RERA)-registered builders in the state. We will now set up a system that will ensure that all such builders can conduct online registrations from their offices in coordination with the property registration department. This will reduce footfall at the sub-registrar offices,” Thorat told TOI.


A senior revenue official said with the pandemic-induced restrictions in place, e-registration was initiated as a measure to revive the real estate market.


The software was last year submitted to the government-notified cyber security agency for clearance from. The official said the step would create a digital infrastructure that would help developers register the sale agreements from their offices and reduce footfall at the property registration offices.


Confederation of Real Estate Developers Association of India (Credai) chairman Satish Magar, who was among the first developers to register his projects in Nanded City with the earlier software, said, “ People were scared to visit registration offices due to the pandemic. We were working with the government on the new software, which will be good for the realtors and consumers.”


Credai (national) vice-president Shantilal Kataria said, It is imperative that the registration department introduces such facilities. It is a good reform and can benefit builders and consumers, besides being a transparent process.”


Source: https://timesofindia.indiatimes.com/city/pune/push-for-e-registration-for-first-sale-of-properties-from-october-maharashtra-minister/articleshow/83554864.cms

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