The BBMP’s primary focus over the years has been to transition from a paper dependent Khata system to E khata system where physical khata books would not exist This is an immediate implementation plan and will be great for citizens as it will also contribute towards real-time monetisation of our property assets Unfortunately, this transition has rendered a lot of people owed a lot of challenges It got out of the BBMP’s hands to control this chaos that was created which was not intended. All through it made life easier to digitalise things, but replaced it with new problems of middlemen exploitation. Here’s a recent article that really almost highlights every aspect of this transition.
The Purpose Behind E-Khatas
E-khata is a digital property registry that is intended to improve the efficiency of both property registration and real estate transactions in India. Some of the aims of implementing this technology are as follows:
- Limit Record-Juggling
- Introduce a Secure, Complete, and Precise Register.
- Streamline operations while maintaining anonymity. Using GPS technology for every property in the domain of BBMP through its digital records is expected to eliminate land encroachments. It is also expected to make revenue collection simpler and approval processes less tedious.
How the Transition Works
The team of BBMP officials is making rounds of various properties in Bengaluru, in order to take the GPS coordinators of the respective properties which will be used as a PIDS (Property Identification Number) in the e khat a system. There will be a citizens’ portal in the near future where the citizens will be able to log in and upload their own GPS data, reducing the need for physical contact with officials.
The new system is, however, struggling for adoption due to a variety of reasons. Both the builders and the Carwyns feel the pinch of poorly managed timelines and processes.
Challenges Faced by Builders and Developers
One of the issues more and more builders in Bengaluru are coming up with is the enforcement of e khata for property registrations. These enforcement of e khata’s has been long overdue for individual members which have caused;
Stagnation of commercial exchanges: Without the individual e তারব কাথা, builders are unable to register the flats and transfer ownership to buyers. The situation makes it difficult for homebuyers to take possession or secure a mortgage for the purchase of their property.
Loans and debts: Most times, builders are able to receive their last remittance after a sale deed has been registered. As the business takes time to move forward, they run into problems making debt payments owing to erratic streams of income as the cycle drags on.
Timeframes of projects: From the project plans, developers need to defer the completion of the project. As a result the set dates for its completion, its statements, and funds are affected.
Suresh Hari, the Vice President of Credai, noticed, “E-khata would have been far more beneficial with proper planning and implementation. This is because buyers are still unable to complete the payments, and the delays are tying up funds.”
Grievances of Property Owners
With property owners, the changeover has raised several more issues:
No Clarity and no Preparedness: Many believe the system is being implemented too fast and without sufficient ground work. With only a fraction of properties converted to e-khatas, property owners are worried about timelines that are not realistic.
Geographical coordinates: Because GPS coordinates are being used to generate unique identifiers, property owners are asking, Is this enough? Are there no other recompenses for efficient record maintenance? Sale deeds and tax receipts are just as important as legal papers in this case.
There is Disruption in Property Deals: Buyers and sellers have around the clock been complaining it is almost impossible to register properties in the new system thus having agreements already sign without the opportunity to complete the deals.
Effects on the Real Estate Sector and Revenue for the State Government
The delay in the chalan ends e-khata issuance in Bengaluru has been detrimental to the Tse-e other real estate market:
Reduction on Revenue for Registration:- Builders claimed that the revenue from government through property registration was lower by42 it’s registered revenue. Cos veri florsive belink mitere, Cresaiarnbengul said Sub “Laate han iegglhot diun in Kathar Not only msans business but slike state revenues Are incurred Provate Itighate.
Postponed Tax Collection: Due to e-khata status being dependent on registration, the BBMP has been delayed in revenue collection.
Fluctuating Market: The constraints have instilled some fears in the minds of the investors for the time being it is likely not to be favorable for real estate growth in the city.
They Are The Ones Who Are Quite Boldly Introducing Such Concerns Here Touching Their Business Interests.
People just do not know how to deal with BBMP for this plan to be successful. The major ones are:
Provisionary Katha Khaan According to some when there are no effective measures in place to restrict katha related transactions collapses recesson.
Extension of time limit: Giving time to sucj the property owners whose Kache mahida to avoid confusion and recess in work.
Better Public relations: Volunteers to work more for property owners to understand key information, training and e khata benefits related guidelines and should be clearly elaborated through the construction updates sections.
More Help For Builders: Solving the problems that constructing parties are dealing with is also important for the successful development of the change.
Bangalores property governance
Bangalores property governance becomes another level of efficient transparency with the introduction of the e-khata system by BBMP. However, the change requires some delicacy to manage the short term issues of the stakeholders.
In this regard, BBMP should think about setting up such mechanisms in the future. Outreach and active communication would be critical for people’s support and adherence. Although the initial hurdles are immense, a case by case strategy can pave a way for making e-khata a remarkable case study in the city of Bengaluru’s Real Estate scope.
To summarize, yes e-khata is a good movement towards the modernization of Bengaluru but the effectiveness of its adoption will ultimately rely on how well the BBMP manages the trade off between the digitisation objectives and the day-to-day challenges of business and property owners.