Maharashtra Eyes First State-Level Land Tokenisation Framework: CM Fadnavis

Maharashtra is charting a path to become India's pioneer in state-level legal framework for blockchain-based land tokenisation, announced Chief Minister Devendra Fadnavis. Fadnavis addressed the Global Fintech Fest (GFF) 2026 in Mumbai and revealed the state's progress in creating the architecture for the proposed Maharashtra Digitisation and Exchange of Land Token Asset (DELTA) Act.

The initiative follows Fadnavis' directive in July to draft the legislation and form an expert committee with representatives from SEBI, BSE, NSE, academics, and technology/ legal experts. He highlighted the potential of unlocking value in land and real estate at around ₹50 Lakh Cr. Tokenisation, the process of digitally representing rights or value associated with physical assets on a blockchain, aims to make it easier for property owners to access capital and foster more transparent transactions.

Fadnavis emphasized that the initiative is aimed at enhancing liquidity and transparency, transforming dormant wealth into economic opportunities, rather than promoting speculation. He also touched upon the potential role of agentic AI and quantum technology in financial services, urging fintech products to democratise credit, intelligence, ownership, and opportunity while ensuring accountability, consent, security, and human oversight.

This announcement follows Prime Minister Narendra Modi's call upon fintech firms to bolster cybersecurity and consumer protection as emerging technologies like agentic AI, tokenisation, and quantum computing transform financial services.