Chief minister Devendra Fadnavis on Wednesday introduced the Maharashtra Digitisation and Trade of Land Token Asset (Delta) laws, which is being billed as India’s first authorized framework for the blockchain-based tokenisation of land and different immovable property. The announcement was made on the ongoing World Fintech Fest 2026 in Mumbai.
The proposed framework goals to offer authorized certainty, shopper safety and regulatory oversight for the tokenisation of land property. The framework is being developed with inputs from the Securities and Trade Board of India (SEBI), the Bombay Inventory Trade (BSE), the Nationwide Inventory Trade (NSE), in addition to consultants from trade, expertise, regulation and academia.
“We are actually bringing Maharashtra Digitisation and Trade of Land Token Asset (Delta) Act, a authorized framework for the blockchain-based tokenisation of land and different immovable property,” Fadnavis stated, whereas including that the land property doubtlessly lined beneath the framework are estimated to be value round ₹50 lakh crore.
He stated the framework was being formulated fastidiously by bringing collectively experience from regulators, inventory exchanges, trade, expertise, authorized consultants and academia.
“Innovation at this scale should be accompanied by authorized shopper safety and regulator belief,” he stated, including that operationalising the Delta Act would require important collaboration between the Union and state governments.
“Quickly Maharashtra will turn into the primary state to create such a legislative framework,” Fadnavis introduced.
What’s land tokenisation?
Land tokenisation refers to changing possession or financial rights in a property into digital tokens recorded utilizing blockchain expertise. As an example, a property value ₹1 crore may, relying on the authorized construction, be represented by 1,000 digital tokens, with every token representing a portion of the property’s worth or related rights.
The mannequin may permit traders to achieve publicity to property with out having to buy a complete asset.
Unlocking dormant wealth
Explaining the importance of the proposed framework, Fadnavis stated land has historically represented substantial wealth in India however usually stays illiquid.
“For generations land has represented wealth in India however fairly often it’s wealth with out liquidity,” he stated. A household might personal an asset of great worth however nonetheless wrestle to entry capital in opposition to it effectively. Equally, entrepreneurs might maintain useful property however be unable to unlock their financial potential shortly.
Fadnavis stated tokenisation may assist tackle this problem by bettering transparency and liquidity whereas enabling house owners to unlock the financial worth of their property.
“This expertise offers us the chance to vary this. However let me make one factor completely clear. For us, tokenisation is just not about hypothesis, it’s about unlocking productive capital,” he stated.
“It’s about bringing transparency, it’s about bettering liquidity and making property extra productive and finally it’s about changing dormant wealth into financial alternative. That’s what I imply after I talk about transferring from potential to impression,” he stated.