Technical glitch in Aadhaar verification system affects e-registration of property documents, causing inconvenience to residents and developers in Maharashtra.
Aadhaar Verification SystemEregistrationTechnical GlitchRegistration OfficesPuneReal EstateAug 10, 2024
The Aadhaar verification system is experiencing a technical glitch, which is disrupting e-registrations of property documents.
The glitch has caused inconvenience to residents and developers, leading to long queues at registration offices and disrupting online services.
The state director of IT, Nima Arora, said that her team is actively working on resolving the technical glitch within two days.
Around 6,500 leave and licence registrations take place in the state daily.
E-registrations in key cities such as Pune, Thane, Mumbai, and Nagpur yield a revenue of Rs 6-8 lakh monthly.
The Aaiji Group has already completed two real estate projects in the region, with two more under development.
Bollywood actress Amrita Singh has recently acquired a residential apartment in Juhu, Mumbai, for ₹18 crore, as per property registration documents. Cricket legend Zaheer Khan has also joined the trend, investing in a high-end property in the city.
To safeguard the interests of homebuyers, MahaRERA has issued guidelines to a real estate developer in Thane, Mumbai, ensuring that all legal documentation for properties is transparent and clear.
Real estate data analytics firm CRE Matrix has reviewed the registered lease agreements, revealing that CitiCorp Services India has rented a significant 7.71 lakh sq ft office space in Pune, with a monthly rent of Rs 6.78 crore.
The expansion will require 7.3 million square feet of real estate and 3.8 billion USD in capital. Mumbai will maintain its leadership, while Chennai is also set to see significant growth.
Mumbai's suburbs are rapidly becoming a hotspot for luxury housing. Real estate consultants in the Mumbai market share insights on the cost and demand for these premium properties in India's major cities.