E-Registration Of New Realty Units Picks Up Pace In Maharashtra

Developers across Maharashtra are increasingly opting for e-registration of first-sale units from their respective offices.

The number of such developers, in a short time span of 1 month, has increased from 129 in December 2022, to 170 in January 2023. The system, which saves developers and home buyers alike, from visiting sub-registrar offices to register properties, is gaining popularity not only in Pune, Mumbai, and Thane, but also in districts such as Nagpur, Amravati, Akola, Sangli, Solapur, and Kolhapur, as was communicated by the deputy inspector general of registration (IT) Deepak Sonawane.

“Our goal is to ensure that at least 25-30% of first-sale registrations are done from the developers’ offices,” he told TOI, adding that 3,000 of the 15,000 first-sale units registered with the department would be done at the developers’ offices.

He stated that the department has raised awareness about the e-registration process and has trained developers on it. Six officers have been appointed to promote and expedite the e-registration scheme, which was launched in October 2021.

From an account from a property registration official, 170 developers are currently using the software from their offices to register nearly 8,500 units.

According to Ranjit Naiknavare, vice president of Credai-Pune, the e-registration facility was operating smoothly. “In the next three to six months, we hope that all of our members in Pune will choose the procedure,” he stated. The Pune-CREDAI (metro) regular membership is 450.

“The system saves time for property buyers as they are not required to visit the registration offices,” stated Advocate Amitabh Mehta, who has assisted citizens with the e-registration process