More Than 400 Developers in Maharashtra Choose E-registration in 120 Days Post Online Facility Launch For Primary Properties

Pune: In Maharashtra, since October 2021, when the online facility for first-sale properties was launched to alleviate congestion at the state's sub-registrar offices, more than 400 real estate developers have filed for e-registration of their projects from their offices. The registration and municipal planning authorities have authorised 347 of these 400 plus applications, and over 300 papers have been recorded.

According to state registration authorities, the procedure has been expedited in the interest of developers registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA).

As per confirmed sources, Out of the 419 applications, 347 were accepted after proper procedure, 291 were submitted to the National Informatics Centre (NIC), and over 120 projects are now operational.

Registration authorities said that the developer might apply on the registration department's website and then submit the needed paperwork to the town planning department's joint district registrar (JDR). The JDR must approve it within two working days after inspecting the project's appraisal, at which point the application is transferred to the NIC for the e-registration application form.

With the state's e-registration initiative gaining momentum, the registration department has also approached banks over the acceptance of digitised property papers in the event of loan sanctions. Currently e-registration is optional. Developers and purchasers may complete the transaction online or offline as per their choice.