The e-registration for developers for the first property sale will begin on October 2, Balasaheb Thorat, State revenue minister announced on Saturday. This initiative will benefit the citizens.
“The registration department is all set with the software, and the process will be officially implemented from 2nd October. This will be for developers registered with RERA, to whom the department will supply the software after appropriate checks. This allows them to register documents from their offices.”
Orientation program for developers
While the minister had previously said that e-registration would be compulsory for all such developers, Throat said citizens can also register properties at sub-registrar offices. Before the e-registration of all new housing projects started with the Maharashtra Real Estate Regulatory Authority (MahaRERA) from October 1, the state registration department is ready to test the software next week. 50-60 developers have already begun e-registration in the state. Currently, more than 350 projects and 2,700 documents have been registered by e-registration.
Shravan Hardikar, inspector general of registration and stamps, said, “the upcoming software allows the developer to prepare a project template within 24 hours, this process took time earlier. A developer orientation program will be held in the last week of September.”
Brings more transparency
The department also reflects on the application process. To access the software, the developer must first contact the district registrar. This process expected to result in more e-registrations, the department will also provide for an increase in staff to speed up the e-registration of documents.
Sunil Furde, CREDAI State President expressed his opinion and said, E-registration will be a game changer for developers and customers registered with RERA. “This will bring transparency and clarity to the registration process.” Customers planning to register properties next month said the process would remove intermediaries or middlemen.