State Forms Panel to Draft Rules for Vertical Property Cards

Government Initiates Vertical Property Cards

The Maharashtra government has taken a major step in property reform by forming a committee to create rules for issuing vertical property cards to apartment owners. This forward-thinking move aims to provide homeowners in multi-story buildings with clearer, more secure property documentation.

Empowering Urban Homeowners

The introduction of these cards will give each flat owner a legally recognized ownership record, clearly defining the portion of property they hold within a building. This initiative is set to enhance transparency, streamline transactions, and ease access to home loans for residents.

Flat ownership in India has long been plagued by unclear documentation and frequent legal disputes. The vertical property card system promises to simplify verification, protect buyer rights, and ensure smoother property transfers in urban areas.

The Committee and Its Mission

• Includes officials from multiple state departments and legal experts.
• Aims to draft practical and comprehensive guidelines for implementation.
• Will incorporate public feedback before finalizing the policy framework.

This reflects the government’s dedication to modernizing urban property governance and aligning it with the evolving needs of Indian cities.

Expected Benefits and Long-Term Impact

Once rolled out, vertical property cards are expected to:

• Strengthen ownership security for urban homeowners.
• Reduce litigation risks over unclear property titles.
• Support smart urban planning and efficient data management.

Experts see this as a pivotal reform that could revolutionize how property ownership is recorded and managed in Maharashtra, potentially setting a benchmark for other states to follow.

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