Yesterday, the Union Housing Minister Hardeep Puri hinted at mandatory Aadhaar linkage with property Transactions in an interview to TV channel ET Now. Here’s what some of the Industry leaders feel about the same
— Sunaina Kohli, Assistant Vice President House of Hiranandani —
It could be a game changer for the industry as a whopping 60 per cent of the black money in the country is pumped into immovable assets in the form of both residential and commercial properties. With Government now betting on Aadhaar as a fix to ensure accountability and transparency in real Estate transaction it will help crackdown on benami properties and track transactions.