In a set of new guidelines, the Goa Real Estate Regulatory Authority (Rera) has asked builders and realtors to refrain from adding disclaimers while advertising housing or commercial projects in the state.
You may live in your house, pay every bill, even have it registered in your name — but in the eyes of Indian law, you could still own nothing. Mutation is not a bureaucratic step – it is legal proof of ownership in government records.
Under the updated rules, all property records will go digital, allowing buyers to access title deeds, ownership details linked to Aadhaar, and any bank loans or dues on the property.
In an important step toward a complete digital transformation of the built environment in India, the Telecom Regulatory Authority of India (TRAI) has published a draft manual to standardise the rating of real properties for digital connectivity.
After dabbling with artificial intelligence (AI), the Indian real estate sector is now shifting its focus to the metaverse. If the concept of metaverse successfully takes off, industry experts believe that the online homebuying process will undergo a revolution.
The digital revolution has transformed every industry by incorporating cutting-edge digital technology into their existing operations in an effort to foster creativity, boost productivity, and enhance services. The real estate industry has also been hit by the technology juggernaut propelling it forward in today’s economy.