New Delhi, June 5 -- The land resources department, under the rural development ministry, has initiated a pre-legislative consultative process, inviting public suggestions on the draft 2025 Registration Bill of properties, aimed at tracking the property market comprehensively by expanding the list of documents or property transactions that must be compulsorily registered with the government.
Under the existing law, the Registration Act of 1908, only a limited set of property transactions are mandated for registration, such as sale deeds of immovable property, gift deeds, and leases longer than a year. However, many common property transactions, including agreements to sell, developer agreements, or power-of-attorney transfers, are often ...
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