India Real Estate Latest Trends | Overview | Growth | Investments

August 5, 2023
Karnataka Introduces Digitized Property Cards for More Transparency by Sep 2024

Reforms towards enhanced transparency and simplified property transactions have started in the state of Karnataka. This time the state has decided to introduce digitized property cards by September 2024.

 

The decision to introduce digitized property cards shows its commitment to harnessing technology for the betterment of its citizens. The move is not just a mere modernization effort; it’s a strategic step towards minimizing fraud and streamlining property-related processes. In the long run, it holds immense promise for property owners, buyers, and the real estate sector at large.

 

What are UPOR or Digitized Property Cards?

While has many names UPOR card stands for “Urban Property Ownership Cards” and the aim is to provide property owners with comprehensive and government-issued certification of property ownership in urban areas. The UPOR contain detailed property sketches and ownership information, including rights, titles, and interests. This digital documentation eliminates the need for property owners to run around in the offices and seek support from authorities for matters like property boundary demarcation and post-sale support. It will be automated, removing the requirement for property owners to seek ‘khata’ transfers which is the norm as of now.

 

The digitized sketches empower citizens to manage their property partitions effortlessly.

 

Impact of the Initiative:

From the property ownership standpoint, this progressive move will be helpful for the government as well as buyers and sellers. It is a result of the government’s push for digitization and e-governance. Given below is everything that you need to know regarding this new reform.

 

The National Generic Document Registration System (NGDRS):

The digitized property cards initiative finds its roots in the National Generic Document Registration System (NGDRS). The ambitious project aims to create a unified and digitized database of property information, making property-related services quicker and more accessible to the public. This will be possible through this online registration system.

 

Unlocking the world of digitization – these UPOR cards are useful beyond serving the purpose of holding information and maintaining records. They will hold a treasure trove of information crucial for property transactions all in one place. From ownership details to property dimensions and location specifics, these cards will encapsulate a comprehensive snapshot of a property’s vital statistics.

 

Simplify Efficiency with Technology:

To ascertain the ease of property transactions, the new system will solve the issues without the need for cardholders to directly approach authorities. It is almost like this is the biggest piece missing in the current property purchasing and owning experience in India. You can enjoy many important benefits – it will ease the loan process for the property buyers, help with property demarcation, and property partition, empower property buyers and sellers with accurate information, expedite legal procedures, and significantly reduce the chances of property-related disputes.

 

A Step-by-Step Transformation:

The journey towards UPOR cards involves several stages. Property surveys, data assortment, and seamless integration are a few ways that will be the foundation for this initiative. This will ensure a harmonious blend of traditional property ownership with modern digital convenience. Property owners wil receive physical copies as well. This dual approach ensures that technology caters to a wider audience, embracing both the tech-savvy and those who prefer tangible documents.

 

The visionary move is the beginning of a transparent tomorrow for real estate and a testament to its commitment to creating a transparent and efficient property ecosystem. The new measures towards digitization will undoubtedly make property transactions more secure, convenient, and hassle-free for property owners and will also minimise inconvenience and delays. As we eagerly await the launch, it’s clear that Karnataka is seeing the dawn of the property landscape revolution and very soon other states will follow suit.

 

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