The Maharashtra cabinet has cleared the “vertical property rules” to create a database of all flats, buildings and commercial complexes. The “vertical property rules” would prevent property-related frauds, where one flat or commercial unit is sold or mortgaged to multiple buyers or financial institutions.
All flat owners in the state will soon get supplementary property cards, which will have details such as carpet area, amenity space and bank loan information, along with their 7/12 extracts.
Static/Current Takeaways Important For IBPS RRB Clerk Mains:
- Chief Minister of Maharashtra: Devendra Fadnavis; Governor: C Vidyasagar Rao.
Source: The Economic Times