Representative image.
As Maharashtra has started e-registration for newly constructed properties, the state government on September 6 announced that it has developed a blockchain technology that will store e-registration data which can be shared with relevant stakeholders including property buyers, government authorities and financial institutions involved in funding the purchase.
The Maharashtra government, in 2021, amidst COVID-19, launched a software tool which enables developers to e-register fresh property sales at their own offices.
The system was part of an initiative to arrest falling revenues from registrations since March 2020, after the COVID-19 breakout.
Currently, 417 developers in the state have opted for the e-registration system.
Shravan Hardikar, Inspector-General of Registration and Stamps, Maharashtra said, "We have developed a blockchain technology where all the data of e-registration is being stored. It is under pilot and will be launched soon. The blockchain...
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