Pune - The Maharashtra government is set to launch a new online portal for Leave and License registrations on January 1, 2024. Real estate brokers have been calling for an overhaul of the system for years, and this new platform aims to streamline and simp
MaharashtraLeave And LicenseReal EstateOnline PortalRegistrationReal Estate PuneDec 22, 2024
A Leave and License agreement is a legal document used in Maharashtra for short-term rentals, typically lasting up to 11 months. It outlines the rights and responsibilities of both the landlord and the tenant.
The new online portal for Leave and License registrations will go live on January 1, 2024.
The new portal offers a user-friendly interface, document upload facility, real-time tracking, secure payment gateway, and 24/7 support.
The new portal will reduce processing time, ensure transparency, provide ease of access, and ensure the security of user information.
The launch of the new portal is expected to boost the rental market and increase property transactions by simplifying the registration process.
Birla Estates, a subsidiary of Century Textiles and Industries, has acquired a 5-acre land in Sector 71, Gurugram, with a development potential of 10 lakh sq ft and expected revenue of over Rs 1,400 crore.
Experts predict that this law will significantly impact the Maharashtra real estate market, making it more efficient and customer-friendly.
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