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.

Next Story
Infrastructure Transport

GMLR’s First Flyover To Open By May 2026, Says BMC

The Brihanmumbai Municipal Corporation (BMC) has announced that the first flyover of the Goregaon–Mulund Link Road (GMLR) project will be ready for use by May 2026.The GMLR, one of Mumbai’s most ambitious infrastructure ventures, involves a 12.2-kilometre corridor comprising tunnels, flyovers, and interchanges, built at an estimated cost of Rs 140 billion. The project aims to provide a seamless connection between Mumbai’s western and eastern suburbs, drastically reducing travel time and congestion.The first phase features a 1.2-kilometre flyover, beginning near Dindoshi Court and extendi..

Next Story
Infrastructure Transport

Assam Awaits Nod For Rs 60 Billion Brahmaputra Tunnel

Assam’s ambitious Rs 60 billion underwater tunnel project, India’s first to be built beneath a major river, is awaiting Union Cabinet approval, according to a report by The Times of India. The proposed tunnel will connect Numaligarh and Gohpur under the Brahmaputra River, significantly improving road connectivity and strengthening strategic infrastructure near Arunachal Pradesh, which borders China.Estimated to take five years to complete, the project marks a major milestone in India’s transport and defence infrastructure planning. “The Detailed Project Report (DPR) is ready and will s..

Next Story
Infrastructure Energy

Kochi Set To Commission South India’s First Hydrogen Station

Kerala is gearing up to embrace the fuel of the future — green hydrogen, with South India’s first green hydrogen plant and refuelling station nearing commissioning on the Cochin International Airport (CIAL) premises. The project marks a major milestone in India’s clean energy transition and could soon power the Kochi Water Metro and selected e-feeder services of the Kochi Metro.The project is being implemented by Bharat Petroleum Corporation Limited (BPCL) in collaboration with CIAL, featuring a 1,000-kilowatt facility at Nedumbassery. BPCL has also finalised plans for a second hydrogen ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?