Maharashtra plans blockchain law for real estate to digitise land records and curb property fraud: Explained
The Maharashtra government plans to introduce a blockchain law for the real estate sector, aiming to digitise land records and enhance transparency in property transactions. This initiative seeks to reduce disputes and curb fraud linked to forged documents by creating a secure, tamper-resistant digital ledger for property ownership. If enacted, the law could significantly streamline title verification processes for homebuyers and financial institutions, addressing longstanding challenges in the state's real estate market.