CREDAI applauds the ‘Dharini’ portal

The Confederation of Real Estate DevelopersAssociation of India, CREDAI Hyderabad leadership team led by P. Rama KrishnaRao, President, CREDAI Hyderabad, V. Rajashekar Reddy, General Secretary,CREDAI Hyderabad, along with the Managing Committee members of CREDAIHyderabad have welcomed the new property registration portal ‘Dharini’ – anotherinitiative by the Telangana state government to streamline the operations in thereal estate sector and usher in ease of doing business. The new software isdeveloped in Telangana under the guidance of the Chief Secretary, Somesh Kumarand team.

The new Integrated Land Records ManagementSystem (Dharani), combines Land administration and Registration services, whichserve as a single source of truth for all land parcels and discharge all land-relatedfunctions in an integrated, efficient, and effective manner with all actions ona near real-time basis. Dharani also provides a GIS system that includes a visualrepresentation of the land record data.

Dharini system will transform the propertyregistration and record-keeping mechanism by providing a unique code to eachproperty, bringing transparency, smooth processing and documentation. It willbe useful for all the government departments across the state and include measureslike authentication of documents by using finger prints of parties, obtainingtheir Aadhar and mobile phone numbers, and sending SMS/emails and whatsAppupdates. This will prevent impersonation and registration of fake documents.

‘Certified copies’ of registered documents will beprovided online on payment of a fee. Also, through the new software,information related to property rights maintained by the concerned departments couldbe checked online.

NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos   READ MORE...
Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

Technical services for the