Maharashtra proposes the DELTA Act to tokenize real estate using blockchain, creating India's first state property framework.
- Maharashtra is proposing the DELTA Act to tokenize real estate on the blockchain, aiming to create India's first state-level property tokenization law.
- This initiative seeks to digitize immovable properties, unlock dormant asset value, and improve access to real estate investments through blockchain-based tokens.
- An expert committee will draft the rules, studying global standards and considering legal aspects like ownership, trading, taxation, and investor protection.
Topics: Asset types, Jurisdictions, Legal regulatory, Real assets, Emerging hubs, Securities law classification
Tags: #maharashtra #deltaact #realestatetokenization #blockchain #property #digitaltokens #india #legalframework #ownership #investment
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