Blockchain-Powered Real Estate: Enhancing Transparency and Efficiency

In India, there are growing number of rental and lease scams in which potential tenants or landlords are tricked into paying for a rental property. Scammers use bogus real estate brokers and listings, breach lease agreements, and conceal energy bills in order to obtain money from renters and tenants. These schemes may include both the tenant and their landlord as the victim. The government also has problems with tracking and maintaining track of property taxes. Also conventional property transactions are often delayed due to long processing periods, lack of transparency, and inconsistencies, resulting in disputes, delays, and high fees for third-party services. Thus, we can apply blockchain technology inside the process to increase the efficiency of these procedures. By offering a decentralized and transparent platform, this research study aims to decentralize real estate transactions and increase their accessibility, effectiveness, and affordability for buyers and sellers worldwide.