Aadhaar-secure realty deals in the pipeline

Sep 12, 2013, 01:11 IST | Priyankka Deshpande

The sub-registrar offices in the district have started working on preparation of a database of buyers and sellers of real estate to link it with the Unique Identification (UID) project, so propertydealings become more transparent.

This decision was taken after an official circular was issued by the department of registration and stamps, seeking informationabout birthmarks and other identifying features during realty transactions in the state. 

However, not everyone is convinced with this idea. City-based Right to Information (RTI) activist Vijay Kumbhar claimed that such provisions are not enough, as in many sub-registrar offices the online system has been facing teething trouble for the past few months.

“In the sub-registrar offices of Maval, Mulshi and Paud talukas, the online system frequently fails, and subsequently the registration process is carried out manually. In such instances, there is no technology to validate the genuineness of the deals. So, apart from adopting new measures the department should develop apparatus to function as watchdog during these dealings,” said Kumbhar.

The department had decided to include the latest processed after a writ petition was filed in the Aurangabad bench of Bombay high court by a lawyer, demanding stricter measures in light of frequent instances of fraudulence in property transactions.

Speaking to MiD DAY, president of Confederation of Real Estate Developers’ Associations of India (CREDAI), Pune Hemant Naiknavare said that such new norms would have a negative impact on property transactions. He added that real estate deals already take up a lot of time and these procedures would not prove useful in preventing dubious deals and would prove time-consuming.

“The processes of property transactions should be very simple in nature. The department already has checks like biometric testing in place. Then what is the need for birthmark proof, which can’t even be verified easily?” asked Naiknavare.

However, deputy inspector general of registration and deputy controller of stamps Rajendra Kshirsagar said that the department had already started working on preparing the database, and would now link it with the Aadhaar system. “It will make transactions more secure and avert the fraud and knotty property transactions,” he told MiD DAY.  

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