System and method for facilitating digital notices and managing thereof

Abstract

Disclosed is a system and method for facilitating digital notices relating to a real estate property and managing thereof. The system (100) comprises a web portal (10) for facilitating digital notices relating to a real estate property. A plurality of cloud computing platforms (60) is configured to host the web portal (10). The web portal (10) retrieves digital notices from a cloud (80) via an API gateway (1). A serverless computing platform (2) allows the user to file the new notice for already registered properties, view the Live notices, cancel the notices, and / or to make changes or correction in already filed notices. Additionally, the system facilitates third party integration with a plurality of external gateways such as i-Sarita, Aadhar gateway, a Payment gateway, Maharashtra Bhumi Abhilekh, and the like.

Description

[0001] SYSTEM AND METHOD FOR FACILITATING DIGITAL NOTICES AND MANAGING THEREOF

[0002] FIELD OF THE INVENTION

[0003] The present disclosure relates to title verification in real estate, and more particularly to a system and method for facilitating digital notices relating to a real estate property and managing thereof.

[0004] BACKGROUND OF THE INVENTION

[0005] Real estate purchases and sales are the largest financial transactions and investments for many people, especially with the increasing cost of real estate. Due to the cost and time required for a real estate transaction, many individuals are infrequently involved in such transactions and may not be familiar with regulations governing the transactions and issues that can arise.

[0006] Accordingly, when purchasers or buyers intend to buy the property, the seller and buyer meet, discuss and exchange legal papers. The buyer hands over the legal papers to advocate for a title report search. After getting marketable title clearance from the lawyer, the buyer and the seller finalizes the deal. The buyer than take permission to give paper notice from the seller after which the notice is published in newspapers chosen thereby. If any third-party reply is received in a particular property transaction after reading the paper notice, then advocate takes it ahead for further verification, and the deal may be stopped before the registry of the document which saves time and money for the buyer. Further, if any third-party reply is not received then it is assumed that the particular property is free from any encumbrances and the deal continues and the property gets transferred to the buyer’s name.

[0007] However, if the third-party reply of the paper notice is received after the particular transaction is processed ahead then there is litigation created in the particular transaction. This leads to loss of capital and time of the buyer and seller as they enter into legislative activity.

[0008] Currently, there is no transparency or single platform where notices prior registered documentation can be checked or verified. Due to geographical, language, cultural diversification there is lack of transparency and process due to which investors cannot invest at different locations. There are huge number of publications, printing press available due to which the reach of the notice is reduced. Any government or other agencies are not involved in prior documentation checks. Hence, it is very difficult for a layman to read, understand and evaluate current paper notices patterns due to which professional advice is needed and, on the contrary, the professional advice cannot always be taken by a layman.

[0009] Further, the address and the owner can keep on changing due to which the reach of the notice to the right legal person can be avoided.

[0010] There are more than 44 million cases pending which have lost around 2 trillion dollars of India’s GDP. Also, out of the total civil cases in the country, 2 / 3rd of the cases are related to the property transactions. This reduces the world ranking of India in ease of doing business.

[0011] India is ranked 155th position out of 190 countries on property registration according to world banks doing business reports. The property registration process in India involves multiple steps and requires verification from various authorities, leading to delays. The process lacks transparency, making it difficult for individuals to navigate and understand the requirements. The documentation required for property registration in India can be extensive and complex, causing confusion and adding to the overall time taken. The lack of widespread digitization in the property registration process leads to manual paperwork, increasing the chances of errors and delays. The functioning of government agencies involved in property registration can be slow and inefficient, leading to delays and bureaucracy.

[0012] Accordingly, there is an intense need for a digital platform where buyers can pre- primarily check and manage the title report and all the notices relating to a property.

[0013] OBJECTS OF THE INVENTION

[0014] An object of the present invention is to provide a comprehensive notice journey system of a real estate property.

[0015] Another object of the present invention is to facilitate a digital platform where buyers can pre-primarily check and manage the title report and all the notices relating to a property.

[0016] Another object of the present invention is to provide access to the digital notices from anywhere with an internet connection and any smart devices.

[0017] Another object of the present invention is to provide tacking and storing notices of the revenue department electronically.

[0018] SUMMARY OF THE INVENTION

[0019] Accordingly, the present invention provides a system and method for facilitating digital notices relating to a real estate property and managing thereof. The system comprises a web portal for facilitating digital notices relating to a real estate property. A plurality of cloud computing platforms is configured to host the web portal. The plurality of cloud computing platforms is managed using the elastic load balancer module and the auto scaling module. The web portal provides a user dashboard on a client device for selection of required services from a menu displayed thereon. The web portal retrieves digital notices from a cloud via an API gateway. The digital notices are stored in a database and / or a cloud object storage of the cloud. The cloud further comprises a serverless computing platform and a monitoring means. The serverless computing platform is configured to retrieve the digital notices based on the selection criteria. The serverless computing platform manages the notices stored in the cloud object storage.

[0020] The system further comprises an information assurance and security (IAS) for the cloud. The IAS allows authorized access to the cloud by providing user pools from a secure user directory to scale to millions of users. Additionally, the system facilitates third party integration with a plurality of external gateways such as i-Sarita, Aadhar gateway, a Payment gateway, Maharashtra Bhumi Abhilekh, and the like.

[0021] The present invention further provides a method facilitating digital notices relating to a real estate property and managing thereof. A user dashboard is provided by the web portal, on the client device. The user has to authenticate themselves every time they want to use the system. Once, the user is authenticated and logged in into the system, a dashboard is displayed thereon. Once, the user is authorized and logged in, the user needs to select from the menu of plurality of services. Once the system receives service selection, the web portal sends a request for information relating to the notice to the cloud. The cloud passes the request to the API gateway. The API gateway further executes a plurality of instructions on the serverless computing platform to fetch the details of the notice stored in the database and / or the cloud object storage.

[0022] Accordingly, the method allows to track and store the digital notices electronically, making it easier to retrieve and reference them in the future. Further, the method allows the user to file the new notice for already registered properties, view the Live notices, cancel the notices, and / or to make changes or correction in already filed notices. DETAILED DESCRIPTION OF THE DRAWINGS

[0023] The embodiments can be better understood with reference to the following drawings and description. The components in the figures are not necessarily to scale, the emphasis instead being placed upon illustrating the principles of the embodiments. Moreover, the figures, like reference numerals designate corresponding parts throughout the different views.

[0024] Reference will be made to embodiments of the invention, examples of which may be illustrated in the accompanying figures. These figures are intended to be illustrative, not limiting. Although the invention is generally described in the context of these embodiments, it should be understood that it is not intended to limit the scope of the invention to these particular embodiments.

[0025] The objects and advantages of the present invention will become apparent when the disclosure is read in conjunction with the following figures, wherein

[0026] Figure 1 illustrates a flow chart of conventional documentation process in real estate sector;

[0027] Figure 2 illustrates a flow chart of the legislation process occurring in conventional documentation process in real estate sector;

[0028] Figure 3 illustrate a block diagram of the system facilitating digital notices relating to a real estate property and managing thereof, in accordance with the present invention; and

[0029] Figures 4a & 4b illustrate a flow chart of the method facilitating digital notices relating to a real estate property and managing thereof, in accordance with the present invention. DETAILED DESCRIPTION OF THE INVENTION

[0030] The foregoing objects of the present invention are accomplished and the problems and shortcomings associated with the prior art, techniques, and approaches are overcome by the present invention as described below in the preferred embodiments.

[0031] The present invention provides a system and a method facilitating digital notices relating to a real estate property and managing thereof. More particularly, the present invention is a comprehensive notice journey system, which allows the users to add notices, make payments, correct notices, and access notice history. Additionally, the system facilitates reporting for both the users and the higher authorities.

[0032] In the following description, for the purpose of explanation, specific details are set forth in order to provide an understanding of the present invention. It will be apparent, however, to one skilled in the art that the present invention may be practiced without these details. One skilled in the art will recognize that embodiments of the present invention, some of which are described below, may be incorporated into a number of systems.

[0033] Furthermore, connections between components and / or modules within the figures are not intended to be limited to direct connections. Rather, these components and modules may be modified, re-formatted, or otherwise changed by intermediary components and modules.

[0034] References in the present invention to “one embodiment” or “an embodiment” mean that a particular feature, structure, characteristic, or function described in connection with the embodiment is included in at least one embodiment of the invention. The appearances of the phrase “in one embodiment” in various places in the specification are not necessarily all referring to the same embodiment. In some embodiments, the systems may be configured as a distributed system where one or more components of the system are distributed across one or more networks in a cloud computing system.

[0035] As used in the description herein, the meaning of "a, an," and "the" includes plural reference unless the context clearly dictates otherwise. Also, as used in the description herein, the meaning of "in" includes "in" and "on" unless the context clearly dictates otherwise.

[0036] While embodiments of the present invention have been illustrated and described, it will be clear that the invention is not limited to these embodiments only. Numerous modifications, changes, variations, substitutions, and equivalents will be apparent to those skilled in the art, without departing from the spirit and scope of the invention.

[0037] The present invention is illustrated with reference to the accompanying drawings, throughout which reference numbers indicate corresponding parts in the various figures. These reference numbers are shown in a bracket in the following description and the table below.

[0038] Table:

[0039] The system (100) for facilitating digital notices relating to a real estate property and managing thereof. The system (100) comprises a web portal (10), an internet protocol (20), a real-time attack prevention device (30), a web application firewall module (40), an elastic load balancer module (50), a plurality of cloud computing platforms (60), an auto scaling module (70), and a cloud (80).

[0040] The web portal (10) is configured to facilitate digital notices relating to a real estate property. The web portal (10) provides a user dashboard to a client device (not shown) for filling or correcting a notice and searching published notices. The internet protocol (20) allows the client device to communicate over networks to load the web portal (10). In an exemplary embodiment, the communication network can ne any of a wired or wireless network. In another exemplary embodiment, the client device can be selected from any electronic device such as smart phone, laptop, personal computer, i-pad, tablet, and the like.

[0041] The real-time attack prevention device (30) and the web application firewall module (40) are configured to provide security to the system (100). In an exemplary embodiment, the real-time attack prevention device (30) is a Ddos Protection system, which protects a plurality of applications and application programming interfaces (APIs) from reflection attacks. In an exemplary embodiment, the web application firewall module (40) is AWS web application firewall, which supports creating security rules that control bot traffic and block common attack patterns such as SQL injection or cross-site scripting (XSS) or to filter web requests based on conditions such as IP addresses, HTTP headers and body, or custom URIs. The plurality of cloud computing platforms (60) is configured to host the web portal (10). Further, the plurality of cloud computing platforms (60) is managed using the elastic load balancer module (50) and the auto scaling module (70). In an exemplary embodiment, the plurality of cloud computing platforms (60) is multiple EC2 Instances. In another exemplary embodiment, the web portal (10) is deployed on multiple EC2 Instances (as part of the autoscaling group) behind the elastic load balancer (50) there by automatically distributing incoming application traffic across multiple targets.

[0042] The cloud (80) further comprises an API gateway (1), a serverless computing platform (2), a monitoring means (3), a database (4), and a cloud object storage (5).

[0043] The API gateway (1) is configured for connecting the cloud (80) with the web portal (10). In an exemplary embodiment, all the REST API requests from the web portal (10) are going through the API Gateway for improved security and reduced load on valuable microservices. The API Gateway (1) is configured to support Logging, Caching, Throttling, Bursting and Monitoring of API’s. Further, the API gateway (1) is configured to rate limits on API calls to avoid reflection attack.

[0044] The serverless computing platform (2) is configured to retrieve and manage the digital notices using the database (4) and the cloud object storage (5). In an exemplary embodiment, the serverless computing platform (2) is configured to use programming languages such as python and JavaScript. More specifically, the serverless computing platform (2) is configured for interacting with the database (4), storing of notice files to a cloud object storage (5), and allowing create, read, update, and delete (CRUD) operations. In an exemplary embodiment, the serverless computing platform (2) is Lambda. The cloud object storage (5) is configured to store a plurality of digital notices relating to a real estate property. The database (4) is configured to store location of the digital notices stored in the cloud object storage (5). In an exemplary embodiment, the database (4) is a DynamoDB. Further, the cloud object storage (5) also facilitates storage for all unexpired notice files. Specific folders are created as per the property details in the cloud object storage (5).

[0045] The system (100) further comprises an information assurance and security (IAS) for the cloud (80). The IAS allows authorized access to the cloud (80) by providing user pools from a secure user directory to scale to millions of users. The IAS supports the encryption of data in transit or at rest, and multi-factor authentication. In an exemplary embodiment, the IAS may utilize basic authentication with data stored in database or use Aadhar based authentication.

[0046] In an exemplary embodiment, the monitoring means (3) such as CloudWatch is configured for storing logs and facilitating real-time logs, metrics, and event data in automated dashboards to streamline infrastructure and application maintenance.

[0047] Additionally, the system (100) facilitates third party integration with a plurality of external gateways such as i-Sarita, Aadhar gateway, a Payment gateway, Maharashtra Bhumi Abhilekh, and the like.

[0048] Embodiments of the present invention include various steps, which will be described below. The steps may be performed by hardware components or may be embodied in machine-executable instructions, which may be used to cause a general-purpose or special-purpose processor programmed with the instructions to perform the steps. Alternatively, steps may be performed by a combination of hardware, software, firmware, and / or by human operators. In an implementation according to one of the embodiments, the method facilitating digital notices relating to a real estate property and managing thereof comprises a plurality of steps as described below. The method can be performed by the client device, the web portal (10) and the cloud (80), the description that follows uses the system as the basis for describing the process.

[0049] The web portal (10) is accessed by a user using the client device. Herein, the user is required to get registered on the web portal (10). The user is required to provide details regarding type of user, Aadhaar details, property related documents, and the like. Further, the Aadhaar details and the documents are verified with government system. The user has to authenticate themselves every time they want to use the system. Once, the user is authenticated and logged in into the system, a user dashboard is provided by the web portal (10), on the client device.

[0050] The dashboard displays a menu of plurality of services provided thereby. The plurality of services includes ‘Search Notices’, ‘Check Notice History for Property’, ‘Add New Notice’, ‘Filed Notice History’, ‘Payment History’, ‘Profile Details’, and the like.

[0051] Once, the user is authorized and logged in, the user needs to select from the menu of plurality of services. Once the system receives service selection, the web portal (10) sends a request for information relating to the notice to the cloud (80). The cloud (80) passes the request to the API gateway (1). The API gateway (1) further executes a plurality of instructions on the serverless computing platform (2) to fetch the details stored in the database (3) and / or the cloud object storage (4). In an exemplary embodiment, the serverless computing platform (2) executed instructions based on the information of a plurality of search criteria’s such as date, location, area, path, etc. This information of the search criteria is utilized to generate the path of the cloud object storage (4), where the notice is stored. The received path of the cloud object storage (4) along with the notice data is send to the user.

[0052] In an exemplary embodiment, the cloud computing platform is integrated with the 7 / 12 extract database. On selection of the ‘Search Notices’ menu, the serverless computing platform (2) interacts with the database (4) and the cloud object storage (5) to retrieve the digital notices. Further, the cloud (80) redirects the user to the 7 / 12 extract database, so anybody searching for 7 / 12 extract can get paper notices related to that asset in the past. Hence, the user can easily access the digital notices from anywhere and can easily share the notices with multiple recipients through email or messaging platforms.

[0053] The ‘Check Notice History for Property’ menu allows the user to generate a history of all the notices related to a specific property, where the user needs to make dedicated payment on the web portal (10) to avail the service. Here, the serverless computing platform (2) interacts with the database (4) and the cloud object storage (5) to retrieve the digital notices

[0054] The ‘Add New Notice’ menu allows the user to file the new notice for already registered properties. Further, the ‘Add New Notice’ menu also allows the user to register new agreement related to any real estate property by paying appropriate stamp duty and payment for new notice. Once the payment is successful, a unique identifier number will be generated and the notice gets published on the web portal. As, the web portal (10) is integrated with the government gateway ‘i-Sarita’, the registered property will be linked with all the notices using the unique identifier number generated relating thereto. Once, the notice is published on the web portal, the details of the notice will be sent to the participants via SMS and email. Additionally, the notice will stay live on the web portal (10) for a prefixed time as fixed by the government. Further, the details of the notice get stored in the respective folder of the property in the cloud object storage (5).

[0055] The ‘Filed Notice History’ menu allows the user to view the Live notices, cancel the notices, and / or to make changes or correction in already filed notices.

[0056] The ‘Payment History’ menu allows the user to view the payments made by the users on the web portal (10).

[0057] The ‘Profile Details’ menu allows the user to view or edit the user details.

[0058] Accordingly, the method allows the user to file the new notice for already registered properties, view the Live notices, cancel the notices, and / or to make changes or correction in already filed notices.

[0059] More specifically, the method allows to track and store the digital notices electronically, making it easier to retrieve and reference them in the future. In an exemplary embodiment, wherein all the notices are stored in the database (4),

[0060] • If the transaction has further been taken, the notices can be integrated with I- sarita for all the registered documents related to revenue; and

[0061] • If the transaction has not been further processed, the system stores the notice for certain amount of time period expected by the client and then stores notice with expiry in another storage.

[0062] Here, using this system or method anyone can file, track and manage notice such as a buyer, a seller, an agent, any government agencies, or the like. ADVANTAGES OF THE INVENTION

[0063] 1. The present invention provides a database of digital notices, which is easily accessible from anywhere with an internet connection and any smart gadget.

[0064] 2. The present invention allows sharing of digital notices with multiple recipients instantly through email or messaging platforms. This eliminating the time and effort involved in printing and physically delivering paper notices.

[0065] 3. Paper notices contribute to deforestation and waste production, while digital notices, provided by the system of present invention, are more environmentally friendly as they minimize paper usage.

[0066] 4. The present invention enables user to track and store digital notices electronically, making it easier to retrieve and reference them in the future.

[0067] 5. The present invention provides notification to a person sitting anywhere in the world at any time about any kind of notices received for their properties.

[0068] 6. The present invention allows pre-primary checkup for buyers.

[0069] 7. The present invention will create an additional revenue generation as this project leads to new employment opportunities and new revenue stream will be generated for the Maha-e-Seva Kendra operators and similar platform operators.

[0070] 8. The present invention creates transparency in real estate sector across state.

[0071] 9. It will be first of its kind dedicated Government database for Paper Notices which will change the dynamics of Real estate transactions.

[0072] 10. Maha-notice Portal will set a benchmark in the real estate domain and will help in simplifying Property transactions. (Similar to MahaRera)

[0073] 11. By using the present invention, the property transaction period will be reduced as the present invention is a one-click solution for new transactions and the past transactions can be easily traced.

[0074] 12. By using the present invention, there will be reduction in litigation cases. Hence, there will be less load on the judiciary system along with an additional supportive Digital document for transaction for speedy Redressal & Dispute Resolution. 13. The present invention allows integration of third-party integration such as PAN and Aadhar.

[0075] 14. The present invention is a cost efficient and highly scalable system which minimizes operational complexity and optimizes resource utilization with high fault tolerance.

[0076] The foregoing descriptions of specific embodiments of the present invention have been presented for purposes of illustration and description. They are not intended to be exhaustive or to limit the present invention to the precise forms disclosed, and obviously many modifications and variations are possible in light of the above teaching. The embodiments were chosen and described in order to best explain the principles of the present invention and its practical application and to thereby enable others skilled in the art to best utilize the present invention and various embodiments with various modifications as are suited to the particular use contemplated. It is understood that various omissions and substitutions of equivalents are contemplated as circumstances may suggest or render expedient, but such omissions and substitutions are intended to cover the application or implementation without departing from the scope of the claims of the present invention.

Claims

We claim:

1. A system (100) for facilitating digital notices relating to a real estate property and managing thereof, the system (100) comprising: a. a web portal (10) for providing a user dashboard to a client device; b. a plurality of cloud computing platforms (60) to host the web portal (io); c. a cloud (80) comprising, an API gateway (1) configured for connecting the cloud (80) with the web portal (10); and a serverless computing platform (2) configured to interact with a database (4) and a cloud object storage (5), wherein the cloud object storage (5) is configured to store a plurality of digital notices relating to a real estate property and the database (4) is configured to store location of the digital notices stored in the cloud object storage (5), and retrieve and manage the digital notices by allowing create, read, update, and delete (CRUD) operations; wherein, the user dashboard of the client device is configured to allow the user to file a new notice for already registered properties, view live notices, cancel notices, and make changes or correction in already filed notices.

2. The system (100) as claimed in claim 1, further comprising a real-time attack prevention device (30) and a web application firewall module (40) to provide security thereto.

3. The system (100) as claimed in claim 1, further comprising an elastic load balancer module (50) and an auto scaling module (70) for managing the plurality of cloud computing platforms (60) by automatically distributing incoming traffic thereacross.

4. The system (100) as claimed in claim 1, further comprising a monitoring means (3) configured for storing and facilitating real-time logs, metrics, and event data in automated dashboards to streamline infrastructure and system maintenance.

5. The system (100) as claimed in claim 1, wherein the cloud (80) further comprising an information assurance and security (IAS) module configured for allowing authorized access thereto.

6. The system (100) as claimed in claim 1, wherein the cloud (80) facilitates third party integration with a plurality of external gateways such as i-Sarita, Aadhar gateway, a Payment gateway, Maharashtra Bhumi Abhilekh, and the like.

7. A method for facilitating digital notices relating to a real estate property and managing thereof, comprising: accessing a web portal (10) by a client device; providing a user dashboard on the client device by the web portal (10), wherein the user dashboard displays a menu of plurality of services provided thereby; receiving, by the web portal (10), the user selection of service from the client device; sending, by the web portal (10), a request for information relating to the selected service, to a cloud (80); passing the request to an API gateway (1) by the cloud (80); connecting the web portal (10) to the cloud (80) via API gateway (1); executing, by the API gateway (1), a plurality of instructions stored on a serverless computing platform (2);allowing, by the serverless computing platform (2), the client device to create, read, update, and delete (CRUD) operation, wherein the CRUD operation facilitates the user to file a new notice for already registered properties, view live notices, cancel notices, and make changes or correction in already filed notices using the user dashboard of the client device; interacting, by the serverless computing platform (2), to a database (4) and a cloud object storage (5) to retrieve and manage the digital notices; transmitting the retrieved information to the web portal (10) via API gateway (1); and displaying the retrieved information of the digital notices on the user dashboard of the client device.

8. The method as claimed in claim 8, wherein the user dashboard is displaying the menu of the plurality of services including ‘Search Notices’, ‘Check Notice History for Property’, ‘Add New Notice’, ‘Filed Notice History’, ‘Payment History’, ‘Profile Details’, and the like.

9. The method as claimed in claim 8, wherein the API Gateway (1) is configured to support Logging, Caching, Throttling, Bursting and Monitoring of API’s.

10. The method as claimed in claim 8, further comprising allowing third party integration of the cloud (80) with a plurality of external gateways including i- Sarita, Aadhar gateway, a Payment gateway, Maharashtra Bhumi Abhilekh, and the like.

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