Mumbai: The real estate industry is urging the government to reinstate online property and layout databases, which were unexpectedly removed from government websites, causing significant disruption in the sector.
Real EstateProperty DatabasesMumbaiReal Estate DevelopersTransparencyReal Estate MumbaiApr 13, 2025
Property and layout databases are crucial for real estate transactions as they provide essential information about property ownership, dimensions, zoning, and compliance with building regulations. These databases help ensure transparency, verify property details, and maintain market confidence.
The removal of property and layout databases can slow down real estate transactions, create uncertainty among buyers and sellers, increase the risk of fraudulent transactions, and lead to legal disputes. It can also hinder the smooth functioning of the real estate market and impact economic stability.
The removal of these databases has impacted various stakeholders in the real estate sector, including developers, buyers, sellers, real estate agents, and legal professionals. All of these groups rely on the databases for critical information related to property transactions.
The Mumbai Real Estate Developers Association (MREDA) has reached out to the government, urging them to restore the databases and provide a transparent explanation for the recent changes. The industry is also exploring alternative solutions, such as private databases and third-party verification services, to bridge the information gap.
Transparency in the real estate market is important because it helps build trust among stakeholders, ensures fair transactions, and reduces the risk of fraud. Accessible property data is essential for maintaining market confidence and supporting the economic stability of the real estate sector.
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