Maharashtra: Housing e-registration pilot project likely next month

Mumbai

A pilot project for the state to usher in e-registration for housing projects listed under MahaRERA will commence from mid-September, ahead of the actual roll-out from October 1, Inspector-General of registration and stamps Shravan Hardikar said in Pune on August 19.

The registration department is getting ready by ensuring that maximum developers are enrolled under the process and they have reached out to the builders’ association ahead of commencement of the pilot project.

Hardikar told TOI that an app was being readied for the pilot project. “Over 100 developers have carried out e-registration of over 346 projects across the state. The e-registration process will enable sale and purchase of housing projects, so buyers and sellers will no longer have to visit registration offices. We will first roll out the pilot project in the third week of September. After this, we will enable all developers registered under MahaRERA to carry out the process from their offices,” he said.

Revenue Minister Balasaheb Thorat had told TOI in June that the e-registration process was among initiatives planned to streamline work, especially during the pandemic, and reduce footfall at the registration offices.

A registration department official said the process was being implemented on a small scale. “Now, with this being mandatory from October 1, the registration department is ensuring that the software is being prepared by the middle of next month,” the official said.

The pilot project is being carried out first to ensure that ahead of its actual roll-out, the app is being tested and there are no technical glitches. “The proof of the concept will be ready ahead of the pilot project. The process will also be decided and will cite the criteria, such as categorising developers with 100 or more flats, and 50 or more flats, and go ahead with the registration process in phases,” Hardikar said.

Another official said, “The e-registration process can continue even at the time of the pandemic-induced restrictions. This will ensure that the real estate market does not get affected.”

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, “Maharashtra is among the frontrunners to introduce such concepts.”


State Credai President Sunil Furde said the developers’ body has been favouring a software that would ease registration and ensure transparency. “We are looking forward to this initiative and members have been briefed about it,” he said.

Nisha Nambiar, TNN, Mumbai

Share This:

Read all Thane Real Estate Latest News

 

To Know About Thane Real Estate Development Contact Us at 022 2580 6868

Source: content.magicbricks.com