Transparent Realty Transactions: Punjab & Haryana HC's Software Initiative
8/19/2024 10:26:00 AM
The Punjab and Haryana High Court has raised concerns about the prevalence of sham realty transactions and questioned whether any software or technological tools exist to detect such fraudulent activities. The court emphasized the need for robust measures to ensure transparency and accountability in real estate dealings, particularly in light of the increasing number of dubious transactions that undermine the integrity of the property market. The court’s inquiry is a step towards enhancing regulatory oversight in the real estate sector, encouraging the adoption of advanced technology to monitor and verify transactions. This move is expected to safeguard the interests of genuine buyers and sellers while maintaining the credibility of the real estate market in the region. Source: Economic Times Realty
India