Linking Aadhaar to property sales may usher transparency

Last month, a petition was filed before the Delhi high court, seeking linking of movable and immovable property documents of citizens with their Aadhaar numbers to curb corruption, black money generation and benami transactions. Rajesh Narain Gupta, Managing partner, SNG & Partners Rajesh Narain Gupta, Managing partner, SNG & Partners Move may put an end to benami transactions It is common knowledge that black money generated in any form has been historically diverted to acquisition of real estate for the last several years, which in turn has been responsible for the increase in real estate valuations. Anuj Puri, Chairman, Anarock Property Consultants Anuj Puri, Chairman, Anarock Property Consultants Evaders will be easily identified by tax department Linking of immovable property with Aadhaar can help streamline and give teeth to the benami transaction law. Abhilash Pillai, Senior real estate partner, Cyril Amarchand Mangaldas Abhilash Pillai, Senior real estate partner, Cyril Amarchand Mangaldas Changes in technology, infrastructure needed Before linking Aadhaar with all property transactions, the revenue and land record departments should be equipped with adequate technology, infrastructure and resources to handle such huge database.