Block Chain Technology

The Indian real estate sector plays a pivotal role in economic development, yet it continues to suffer from systemic challenges such as lack of transparency, fraudulent transactions, unclear land titles, and procedural inefficiencies. Block chain technology, characterized by decentralization, immutability, and cryptographic security, offers a transformative framework capable of addressing these persistent issues. This research paper examines the application of block chain in Indian real estate, focusing on secure land record management, smart contract–based automation, integration with the Real Estate (Regulation and Development) Act, 2016 (RERA), and property tokenization. Using secondary data from academic literature, industry reports, and policy documents, the study highlights potential efficiency gains, governance improvements, and investment democratization. The paper also discusses legal, technical, and regulatory challenges, and proposes a roadmap for phased implementation through pilot projects and legal reforms. The findings suggest that blockchain can significantly enhance trust, efficiency, and transparency in the Indian real estate ecosystem.