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Property Records Will Now Get A Home Of Their Own


By Mrs Gupta, Section Real Estate
Posted on Thu May 01, 2008 at 04:12:09 AM EST

In a bid to provide the latest statistics and information about the registration of properties, the state government plans to build an advanced data centre in the city. All available data on the registration of properties and flats across the state will be available here.

A place has already been identified while the process of building the centre and installing the required software will begin soon. The government is to start work on the project in the next six months.

Ramrao Shingare, inspector-general of registration and controller of stamps told TOI, "It is been observed that, across the state, thousands of properties are registered every month. With the increasing registration figures, each registration office in the state generates a large volume of data every month. The proposed data centre will compile and store all the data generated at various places in the state."

"With this, the search for registration of any property in the state will be possible at the click of a mouse. It will prove helpful to the government as well as builders, agents and the real estate sector. The data centre will be a unique step in consolidating information," he added.

"The state is witnessing a growth in the registration of properties every year. For the year ended March 31, 2008, the state registered about 18,47,000 properties and flats. Pune, Mumbai and Thane accounted for more than 80 per cent of the total registrations. These cities have about 25,000 registrations every month. Other cities in the state are also witnessing aggressive growth in this area," Shingare said.

Source: Times Of India, Dated, May-01-2008

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