India is on the brink of a major real estate overhaul as investment banker Sarthak Ahuja highlights the impending digitization of the country’s century-old property registration system. Ahuja warns that the current framework has long enabled fraud—particularly targeting Non-Resident Indians—where properties are sold by individuals who do not legally own them. He emphasizes that such loopholes will be closed under the new bill, which mandates the online registration of title deeds, Agreements to Sell, Builder Agreements, and Power of Attorney documents.
Under the proposed legislation, all property records will be Aadhaar-linked and stored in a unified digital database. This system will allow instant verification of owner identities and existing bank liabilities, effectively eliminating cases where multiple buyers are promised the same property. Ahuja advises current property owners to “clean up” any inconsistencies in name spellings, address mismatches, and outdated utility bills ahead of the rollout to avoid legal complications. Once enacted, the law will sharply reduce the margin for error or deception in real estate transactions.
Big Shake-Up Coming: How India’s Property Market Will Change Forever
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