The most frequently-occurring type of disagreement in Indian real estate industry is land dispute. Cases range from of illicit land trespassing and illegal land sales to instances of purchase of land where no actual purchase tale place and due to which frauds come into picture.
The real estate market has historically been plagued by such issues, and the current government™s Digital India initiative of facilitating e-registration to streamline the registration of immovable properties is an extremely progressive move which has been universally welcomed for its transparency and ease usage.
E-registration has simplified the process for providing evidence of titles and facilitating transactions, and will go a long way in preventing the unlawful disposal of land. This online registration system effectively put paid to the various underlying problems and loopholes in the traditional land registration process, based on the Land Registration Act of 1925, which typically involves Powers of Attorney, sale or mortgage of land and transfer of property under rent.
The following benefits will flow in because of the E-Registration process:
- Reduction in insight of daily resource matters by the Registrar and focus on more sensitive matters
- Economical and affordable Registration amount
- One stop and speedy solutions
- Online inspection of Land documents at any point of time
- Software based calculations of the stamp duty
- Dispensation with bribery and brokerage activities
- Prompt calculations of the current market price of the land based on state of art system
Further, E-registration is pretty safe. Hackers can do nothing to compromise documentation, as they do not have access to the papers owners hold relating to their land, such as transfer of Power of Attorney, land purchase deed or wills of deceased person who were entrusted with the protection of the property.
Also, since most government servers are SSL encrypted with multiple layers of security and a personalised login system, so it will not be not easy to hack consumer™s details and thereby the system would improve to a greater extent .
