Thane Property and Real Estate News | MCHI Thane

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Mumbai

As many as 419 developers have applied for e-registration of their projects from their offices since October last year when the online facility for first-sale properties was initiated to ensure less crowding at sub-registrar offices in the state.

Of these 419 applications, 347 have been approved by the registration and town planning authorities and nearly 300 documents have been registered.

State registration department officials said after the teething troubles, the process has been streamlined for the benefit of developers registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA).

Deputy Inspector General of Registrations (IT) Suhas Mapari told TOI they were getting a good response from the developers who were trained in this regard. “Of the 419 applications, 347 have been approved after due process, while 291 have been submitted to the National Informatics Centre (NIC) and nearly 120 projects are already live,” he said.

On the process, registration officials said the developer could apply on the website of the registration department and then submit the required documents to the Joint District Registrar (JDR) of the town planning department. The JDR has to clear it within two working days after checking the valuation of the project, after which the application is forwarded to the NIC for the template of the e-registration application.

With the e-registration process picking up in the state, the registration department has also reached out to banks to accept digitised property documents in case of loan sanctions. “As of now, the e-registration process is voluntary. Developers and buyers can opt for online process. However, if they want to continue with offline, they can do that as well,” a registration official said.

The officials said to get more developers to warm up to the online process, they have reached out to developers’ bodies. “There were initial hiccups regarding the applications, however, they have been ironed out and our members are registering for the process,” Sunil Furde, President of state Credai, said. The association has 3,500 members, leaving Mumbai.

Work on RR rates in process: Officials

State IGR officials on February 16 said the process of Ready Reckoner (RR) rates’ evaluation was in process after receiving suggestions and objections from all the districts. While the rationalization of rates for every area is being discussed, developers have demanded that there should be no increase in the RR rates this year.