Woofun AI reports that Maharashtra Chief Minister Devendra Fadnavis is advancing the drafting of the "Maharashtra Land Token Asset Digitalization and Exchange Bill (DELTA Act)." Fadnavis chaired a meeting directing officials to analyze global regulations and established an expert committee including SEBI, BSE, and NSE representatives to formulate the legislative framework.

The proposal mandates blockchain-based tokenization of real estate with transactions completed on-chain. This initiative seeks to unlock real estate value and generate revenue to aid Maharashtra’s $1 trillion GDP goal by 2030. Implementation would make Maharashtra the first Indian state to enact such regulations.