TRANSFORMING HOUSING IN INDIA: LEGAL DIMENSIONS OF BLOCKCHAIN IN NEXT-GENERATION REAL ESTATE IN INDIA

AUTHOR – JASRAJ BHOWMIK* & DR. VIJAISHREE DUBEY PANDEY**

* STUDENT AT CHRIST (DEEMED TO BE UNIVERSITY), DELHI-NCR

** ASSISTANT PROFESSOR AT CHRIST (DEEMED TO BE UNIVERSITY), DELHI-NCR

BEST CITATION – JASRAJ BHOWMIK & DR. VIJAISHREE DUBEY PANDEY, TRANSFORMING HOUSING IN INDIA: LEGAL DIMENSIONS OF BLOCKCHAIN IN NEXT-GENERATION REAL ESTATE IN INDIA, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 6 (7) OF 2026, PG. 689-695, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

India’s real estate sector—one of the largest in the world—has long struggled with opacity, fraud, fragmented regulation, and poor liquidity. While the Real Estate (Regulation and Development) Act, 2016 (RERA) addressed some of these problems, it cannot fix everything on its own. Blockchain technology offers a structural solution: immutable title records, smart contract-based transaction automation, and property tokenization that enables fractional ownership and secondary market liquidity.

This dissertation examines the legal and regulatory dimensions of blockchain adoption in Indian real estate. It analyzes how blockchain interacts with existing frameworks—RERA, the Transfer of Property Act, the Registration Act, stamp duty law, FEMA, and SEBI’s REIT regulations—and explores how two established investment vehicles, Limited Liability Partnerships (LLPs) and Real Estate Investment Trusts (REITs), can be enhanced through blockchain integration. The study adopts a doctrinal methodology, drawing on statutes, judicial decisions, government reports, and comparative insights from Singapore and the UK. It concludes with concrete recommendations for policymakers, investors, and legal practitioners.

Keywords: Blockchain, Real Estate Tokenization, RERA, LLP, REITs, Smart Contracts, FEMA, SEBI.