Pune’s property market has encountered substantial disruptions due to a technical malfunction in the Aadhaar verification system, which has significantly impacted e-registration processes across Maharashtra. Since August 6, the glitch has rendered the online system inoperative, compelling homebuyers and developers to revert to in-person visits at sub-registrar offices to complete their property transactions. This unforeseen breakdown has resulted in considerable delays and mounting pressure on the state’s registration services.
The e-registration system, integral for streamlining property documentation through online means, relies on Aadhaar verification to authenticate user identities. The current malfunction has disrupted this process, leading to an overload of manual registrations. Sub-registrar offices are now inundated with foot traffic as individuals and developers alike struggle to process their paperwork amidst the system failure. This shift from digital to manual processing has significantly slowed down transaction times and introduced new complexities into the property registration process.
For developers, who typically leverage the e-registration system to handle bulk property registrations efficiently, the glitch has created operational bottlenecks. The need for physical visits to sub-registrar offices has delayed the registration of multiple properties simultaneously. Homebuyers, already facing the intricacies of property acquisition, are grappling with additional stress as they navigate the shift from online to offline registration. This disruption not only risks delays in completing transactions but also potentially affects financial arrangements such as loans tied to property purchases.
The registration department has acknowledged the issue and is working towards a resolution, though a timeline for the system’s restoration remains uncertain. In the interim, sub-registrar offices are managing a surge in walk-in registrations, highlighting the critical reliance on digital systems and the necessity for robust contingency plans. As Pune and other Maharashtra cities await a resolution, stakeholders are hopeful for a prompt fix to mitigate further delays and restore smooth operations in property transactions.
