CREDAI-MCHI Urges Online Access to Mumbai Property Database
In a significant appeal, CREDAI-MCHI and the Practising Engineers, Architects and Construction Industry demand online access to Mumbai's property database to enhance transparency and efficiency in the real estate sector.
Mumbai Real EstateProperty DatabaseCredaimchiTransparencyUrban DevelopmentReal Estate MumbaiApr 09, 2025
The plea comes at a crucial time when Mumbai, India's financial capital, is witnessing rapid urbanization and a surge in real estate development. Access to a reliable and comprehensive property database is essential for ensuring that all stakeholders have the necessary information to make informed decisions. This move is expected to streamline the property buying process, reduce fraud, and enhance overall governance in the real estate sector.
According to CREDAI-MCHI President, the lack of accessible property information has long been a bottleneck in the industry.
Frequently Asked Questions
What is CREDAI-MCHI?
CREDAI-MCHI is the Maharashtra Chapter of the Confederation of Real Estate Developers' Associations of India, an apex body representing the real estate industry in India. It aims to promote the healthy and sustainable growth of the real estate sector.
Why is online access to the property database important?
Online access to the property database is crucial for enhancing transparency, reducing fraud, and streamlining property-related processes in the real estate sector. It benefits homebuyers, developers, and urban planners by providing reliable and accessible information.
What are the potential benefits of this initiative?
The initiative is expected to improve transparency, reduce bureaucratic delays, and enhance the overall governance of the real estate sector. It will also support sustainable urban development by providing real-time data for urban planning.
What challenges might arise during the implementation?
Challenges may include ensuring the accuracy and integrity of the property database, regular updates, robust security measures, and coordinated efforts from various stakeholders to address all aspects of the project.
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