Urgent Call for Restoration of Online Property and Layout Databases in Mumbai
Mumbai: The real estate industry in Mumbai is facing a significant setback after the government abruptly removed property and layout databases from its online platforms. These databases have long been vital for property buyers, developers, and real estate agents, providing essential information for transparent and informed transactions. The sudden removal has left many stakeholders in a state of shock and uncertainty, prompting urgent calls for their restoration.
The property and layout databases served as a central repository of information, including details about land ownership, property boundaries, and zoning regulations. These details are essential for verifying the authenticity of a property, ensuring that buyers are making legitimate purchases. Without these databases, the risk of fraudulent transactions and legal disputes has significantly increased.
Real estate experts and industry leaders have expressed deep concern over the decision, highlighting its potential to disrupt the market and erode trust among buyers.