Strictly Private and Confidential Draft for discussion purposes ... - Delhi

Preliminary & TentativePrivileged & ConfidentialDraft For Discussion Purposes OnlyDELHI SURVEY, REGISTRATION, RECORDAL OF TITLE OF IMMOVABLEPROPERTIES IN URBAN AREASACT, 2009[ACT [•] of 2009]STATEMENT OF OBJECTS AND REASONSPresently in Delhi the transactions relating to immovable properties are recorded by multipleauthorities in physical form in the registers maintained by them. This has resulted in making titlesearch a cumbersome procedure. Moreover, the lack of conclusiveness of land titles has becomegrowth constraint for real estate development in India. Some steps to cure this situation havealready been initiated by introducing e-governance in immovable property record management inDelhi which, inter-alia, provides for on-line mutation of records.Considering the potential of the real estate development in India and especially in themetropolitan city of Delhi, it is strongly felt that electronic system of dealing with title records ofimmovable properties should be introduced. To further ensure efficient administration, it isnecessary to have a single repository for the maintenance of such records and to avoid multipleauthorities maintaining title record.To enable an effective system of titling of immovable properties, the register of titles should be acomplete and accurate reflection of the state of the title of the immovable property at any giventime, so that it is possible to investigate title to the immovable property, with the absoluteminimum additional inquiries and inspections.The Act would create a comprehensive framework in which it will be possible to record interestsin immovable properties by electronic means. The Act intends to create a register of titles whichgives a complete and accurate reflection of the state of title. One of the objectives of creating theregister of titles is that registration alone should record title.The objectives of the Authority proposed to be incorporated in this legislation are as summarizedhereunder:• To provide for a single, secure and efficient urban property registration and titlingauthority in the National Capital Territory of Delhi - the Delhi Survey, Registration andRecordal of Title of Immovable Properties in Urban Areas Authority.• To provide for a mechanism for ensuring that verified immovable property records in theNational Capital Territory of Delhi are recorded and registered in digital form.• To ensure that the information pertaining to the records maintained by the Delhi Survey,Registration, Recordal of Title of Immovable Properties in Urban Areas Authority isprotected from any unauthorised access and provide for the establishment of an efficientsecurity system for such purpose.• To provide for creation of a single and unique register of titles containing a record of allimmovable property in the National Capital Territory of Delhi.• To provide services relating to title search, map layout plans, etc.6