India’s First AI Ownership Check Promises Faster Loans and Reduced Property Fraud

India’s property lending landscape may be set for a major shift as AdvaRisk, a fintech supported by ICICI Bank and NABARD, has introduced a pioneering platform—Instant Ownership Check (IOC)—that enables real-time property ownership verification. Tailored for banks and lending institutions, this innovation is expected to dramatically reduce loan approval timelines while simultaneously curbing property fraud.

Tech That Cuts Weeks to Seconds

The IOC platform uses artificial intelligence to offer verified property ownership data in mere seconds. Traditionally, banks had to wait days—or even weeks—for manual checks at Sub-Registrar Offices. But this API-based solution streamlines the process by drawing on registration records from across 14 Indian states, including Maharashtra, Delhi, Tamil Nadu, Karnataka, and Gujarat.

Designed for Banks, Beneficial for Borrowers

Though targeted at financial institutions, the ripple effect of IOC will be felt by property buyers and loan applicants. By allowing lenders to instantly verify property titles and assess comparable market values, the platform enhances the overall security and speed of home loan and loan-against-property (LAP) transactions.

• Faster home loan approvals

• Lower risk of documentation-related surprises

• Reduced chances of legal disputes or loan rejections

• Greater transparency and buyer confidence

Why Title Verification Matters

Title mismatches, disputed sales, or properties pledged for multiple loans are not uncommon in India’s property market. These complications often stall or derail lending decisions, resulting in potential financial and legal losses for both buyers and banks. With the IOC system, such red flags can be identified early in the process, significantly lowering these risks.

Coverage Across Major States

The platform is already live in Telangana, Andhra Pradesh, Delhi, Gujarat, Maharashtra, Bihar, Uttar Pradesh, Uttarakhand, Chandigarh, Kerala, West Bengal, Madhya Pradesh, Karnataka, and Tamil Nadu. This extensive reach ensures that key property markets are already part of the instant verification net.

A Step Toward Smarter Lending

Vishal Sharma, Co-founder & CEO of AdvaRisk, highlighted that the IOC platform empowers lenders to make quicker, data-backed credit decisions. He noted that inaccuracies in title verification could lead to fraud or litigation, while the IOC’s real-time validation minimizes these threats.

Fraud in Focus

RBI data shows that banks reported 18,461 fraud cases worth ₹21,367 crore in the first half of FY25. Although not all are linked to collateral, the RBI has called for enhanced monitoring systems and better coordination with enforcement agencies. Platforms like IOC could become essential tools in answering that call.

What It Means for the Indian Real Estate Ecosystem

By eliminating the bottleneck of title verification, the IOC tool strengthens confidence across the lending ecosystem. It supports smarter decision-making for banks, quicker access to funds for borrowers, and ultimately contributes to a more transparent and efficient real estate market.

Disclaimer: This news article is based on publicly available information and official announcements. Readers are advised to verify details independently before making financial or legal decisions.