+
Blockchain technology for e-registered property deals
Technology

Blockchain technology for e-registered property deals

To avoid duplication of original online agreement agreements, the state's property registration division is implementing blockchain technology.

According to a representative of the registration department, e-registration data would be stored using blockchain technology. The information can be distributed to the necessary parties, such as potential buyers of real estate, governing bodies, and financial institutions financing the transaction.

According to DIG (IT) Abhishek Deshmukh, "Blockchain technology will help resolve many issues and it will be beneficial to citizens."

The pilot blockchain initiative started last year. As it was addressed in multiple meetings last year as well, a senior official from the registration department said, "We are planning to roll it out shortly after due checks."

To avoid duplication of original online agreement agreements, the state's property registration division is implementing blockchain technology. According to a representative of the registration department, e-registration data would be stored using blockchain technology. The information can be distributed to the necessary parties, such as potential buyers of real estate, governing bodies, and financial institutions financing the transaction. According to DIG (IT) Abhishek Deshmukh, Blockchain technology will help resolve many issues and it will be beneficial to citizens. The pilot blockchain initiative started last year. As it was addressed in multiple meetings last year as well, a senior official from the registration department said, We are planning to roll it out shortly after due checks.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code