Mumbai Property Buyers Receive Big Relief, Now Property Registration Can be Done Anywhere in City’s Jurisdiction

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Real Estate

Mumbai: The Maharashtra government announced on Thursday that jurisdictional limits had been removed, so property buyers can now register (property) anywhere in Greater Mumbai.

Accordingly, Greater Mumbai will have a common jurisdiction henceforth.

The government’s initiative intends to allow property buyers to register their homes at a local sub-registrar’s office anywhere in Greater Mumbai.

A Revenue Department official stated, “There are four talukas in Greater Mumbai: Mumbai City, Andheri, Borivali, and Kurla.” Previously, if a resident of South Mumbai wanted to buy a house in Borivali, North Mumbai, he had to travel all the way there for registration.

“However, with the removal of jurisdictional limit through Thursday’s notification, a property buyer from South Mumbai need not have to go to Borivali as he can now register that property in South Mumbai itself.”

He noted that 1,50,000 properties are registered annually in the four talukas, and the government anticipates that this number will rise with the removal of jurisdictional barriers.

Satyanarayan Bajaj, Deputy Secretary of the Revenue Department, stated in the announcement that the jurisdictional limit in Mumbai has been eliminated by revising the government’s prior notification dated October 31, 2005.

Anand Gupta, Vice President of the Builders Association of India, praised the state government’s initiative, saying it will increase the convenience of conducting business and eliminate the hurdles associated with property registration.

“At the same time, the realty players also appeal to the state government to improve the infrastructure of the registration offices in a bid to make them more consumer-friendly,” he said.

Gupta also demanded that the state government bring down the premium rates charged by the civic and local bodies and the state government.

“At present, the premium rate is 50 per cent of the ready-reckoner rate, which should be decreased to 25 per cent of the ready-reckoner rate, as it will increase the project viability and give relief to the property buyers in terms of prices,” he said.

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–IANS

 

 

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