E- registration of first-sale properties is likely to commence from October 2 and software needed for the process is in the final stages of development.
The e-registration of such projects will start with the Real Estate Regulatory Authority (RERA)-registered developers with above 50 tenements, followed by the rest of the builders. The e-registration process enables the builders and buyers to register the property document from the developers’ office by using a software provided by the state registration department.
State Inspector General of Registration and Stamps Shravan Hardikar on Wednesday said all work associated with the software was on track. “The process is voluntary for the developers. We are expecting more developers to avail of this software,” he told TOI.
