Even with the implementation of digitized land records through the Digital India Land Records Modernisation Programme, the processes for approvals and certifications still depend heavily on manual submissions and the judgement of officials. A significant transformation is anticipated by March 2026, coinciding with the expected completion of the programme, as noted by Dr. Vipin Sreekumar, Assistant Professor at Masters’ Union and former Professor at IIM Calcutta, alongside researcher Soorya Baalasubramani.
The real estate sector in India, currently valued at approximately $200 billion and expected to soar to $1 trillion by 2030, is experiencing a clear transition towards digitalization. Features like online listings, virtual tours, and community management applications have drastically shortened the time taken for searches and transactions. This burgeoning confidence is reflected in the funding for property technology (PropTech). Following a quiet period in 2022–23, investments in this sector surged in 2024, amounting to an estimated $416.5 million across about 40 deals.
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