Mumbai: A new artificial intelligence-powered platform that allows instant verification of property ownership and valuation has been launched in India, aiming to improve credit risk assessment and fraud detection in the financial sector.
Called Instant Ownership Check (IOC), the tool enables real-time access to verified property ownership records and comparable transaction values across 14 Indian states. It is specifically designed for use by banks, NBFCs, and housing finance companies to streamline due diligence and collateral monitoring during loan disbursement.
Developed by fintech company AdvaRisk, with backing from ICICI Bank and NABARD, the platform is being positioned as the country’s first AI-enabled solution for automated property verification.
The technology replaces the traditional manual approach, which involves time-consuming, location-based searches through Sub-Registrar Offices. With IOC, institutions can now validate the latest ownership status and view nearby transaction values in seconds through a single API integration.
“With this launch, we’re helping financial institutions move toward smarter, faster, and more reliable credit decisions. Ownership verification is a critical step in secured lending. Errors here can lead to fraud, litigation, and significant losses. Our AI-powered IOC tool ensures lenders can instantly validate the legitimacy of collateral presented for loans,” said Vishal Sharma, Co-founder & CEO of AdvaRisk.
The platform currently covers properties in Telangana, Andhra Pradesh, Delhi, Gujarat, Maharashtra, Bihar, Uttar Pradesh, Uttarakhand, Chandigarh, Kerala, West Bengal, Madhya Pradesh, Karnataka, and Tamil Nadu. Four financial institutions — including two private sector banks and one housing finance company — have already integrated IOC into their credit operations.
The launch comes amid rising concerns over fraud in India’s banking sector. According to data from the Reserve Bank of India (RBI), over 18,000 fraud cases amounting to ₹21,367 crore were reported in the first half of FY25. While not all were collateral-related, the RBI has urged lenders to strengthen verification mechanisms and improve coordination with enforcement agencies.
In response, tools like IOC are being adopted to enhance transparency in the lending process and flag suspicious changes in property ownership or valuation.
AdvaRisk, the company behind IOC, operates one of India’s largest digitized property databases, comprising over 550 million records across urban and rural areas. Its collateral intelligence solutions are currently used to monitor more than 45 million properties on behalf of 50+ institutions, including public and private banks, NBFCs, and HFCs.
