86 builders in state get approval for inoffice registration process

The IGR, Maharashtra, has allowed 86 developers across the state to register new projects from the latter’s facilities to ensure less footfall in the registration offices.
The builders would be provided with access to the software of the registration department to enable the process. An official in the registration department said the Covid-19 pandemic and the ensuing restrictions on travel have prompted the move to revive the real estate market.
“We plan to scale up the registration by the builders at their facilities to reduce the footfall in our offices, particularly during the Covid-19 pandemic. We have 86 developers on board and want more builders to register this year,” state inspector general of registration and stamps (IGR) Sharvan Hardikar told TOI on Wednesday.
Confederation of Real Estate and Developers Association of India (Credai) national president Satish Magar, who was among the first to get access to the registration process for his project in Pune, said it was carried out smoothly without any middlemen and both the developers and the clients were assured of good service.
Pune Credai president Suhas Merchant said such online registrations were the way to look forward to the realty market keeping the ongoing situation in mind. “We are happy to see more builders coming under the ambit of the new process,” he said.
The registration department official said the process was earlier tried with a few developers. A different software was then used with some pre-conditions like 500 flats to register and a dedicated BSNL line. “Now with the easing of conditions, more developers can be covered,” he said.
The official said the entire process would be monitored by their office and there would be extra checks on the builders who would be provided with the software.
In the meantime, the government is yet to issue an announcement on the Ready Reckoner rate. The developers have been urging the government not to increase the RR rate this time. The RR rates are usually announced in April. The last time the government announced the rate was in September 2020.
An official in the registration department told TOI that they were carrying out the process of assessing area-wise rates and would be following the usual process. The official said the rates would be ready by March-end, but the government would take the final call on the announcement.