Maharashtra Simplifies Property Registration: A Game-Changer for Homebuyers
Harsh Parikh, Partner, Khaitan & Co explains how Maharashtra's consolidation of property registration offices will benefit the real estate industry.
Maharashtra Property RegistrationReal Estate IndustryKhaitan CoHarsh ParikhProperty Registration OfficesReal Estate MaharashtraSep 04, 2024
Prior to this consolidation, there were 32 joint sub-registrars situated in various locations across Mumbai, including Fort, Worli, Andheri, Kurla, and Borivali. This often led to confusion and inconvenience for homebuyers, who had to travel to specific locations to register their properties. However, with the new system in place, parties can now admit execution and register their documents at any office of the sub-registrar, regardless of where the property is situated.
This is a significant step forward for the real estate industry in Maharashtra, and is expected to boost the demand for properties in the state. According to Harsh Parikh, Partner at Khaitan & Co,
Frequently Asked Questions
What is the main objective of consolidating property registration offices in Maharashtra?
The main objective is to simplify the property registration process and reduce the time and effort required to register properties.
How many registration offices were there in Mumbai prior to the consolidation?
There were 32 joint sub-registrars situated in various locations across Mumbai.
Can parties register their documents at any office of the sub-registrar, regardless of where the property is situated?
Yes, parties can now admit execution and register their documents at any office of the sub-registrar, regardless of where the property is situated.
How will the consolidation of registration offices benefit the real estate industry?
The consolidation will boost the demand for properties, reduce the scope for corruption and irregularities, and bring about transparency and accountability in the system.
Who can provide comprehensive legal services for property registration in Maharashtra?
Khaitan & Co is a leading law firm in India that provides comprehensive legal services for property registration in Maharashtra.
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