📷 Image: Wikimedia Commons / Singh PreetManak
Politics
Maharashtra Sets First Indian Law for Transparent Property Deals
✍️ India Today
🗓 31 Jul 2026, 06:04 PM
👁 8
The Maharashtra Assembly will introduce a bill that mandates disclosure of all property transactions, making it the first state in India to enforce such transparency.
The Maharashtra Legislative Assembly is set to pass a landmark bill that will require all property transactions to be publicly disclosed, aiming to curb corruption and black‑money dealings in real estate.
Under the proposed law, buyers, sellers and intermediaries must register every deal with a state‑run portal, and the details will be accessible to the public. Violations could attract hefty fines and potential criminal charges.
Proponents argue that the measure will reduce fraudulent practices, improve market transparency and restore investor confidence in the state's booming property market.
The bill is expected to be passed by the end of the fiscal year, after consultations with industry stakeholders and legal experts.
Political leaders across parties have welcomed the initiative, calling it a step toward greater accountability in Maharashtra's real‑estate sector.
Under the proposed law, buyers, sellers and intermediaries must register every deal with a state‑run portal, and the details will be accessible to the public. Violations could attract hefty fines and potential criminal charges.
Proponents argue that the measure will reduce fraudulent practices, improve market transparency and restore investor confidence in the state's booming property market.
The bill is expected to be passed by the end of the fiscal year, after consultations with industry stakeholders and legal experts.
Political leaders across parties have welcomed the initiative, calling it a step toward greater accountability in Maharashtra's real‑estate sector.