Lifestyle

No proposal to make Aadhaar linkage mandatory for property deals: Government

[ecis2016.org] The government has informed the parliament, that there is no proposal to make Aadhaar linkage mandatory for property transactions, currently

In a written reply in the Lok Sabha, on December 19, 2017, union minister of state (independent charge) for Housing and Urban Affairs, Hardeep Singh Puri, clarified that there was no proposal to make Aadhaar linkage compulsory for real estate transactions. He, however, added that the rural development ministry had advised states and union territories, to explore the possibility of using consent-based Aadhaar authentication, for registration of properties under the provisions of the Registration Act, 1908.

You are reading: No proposal to make Aadhaar linkage mandatory for property deals: Government

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The comments assume significance in the backdrop of Puri reportedly stating in November 2017 that seeding Aadhaar to property transactions was a great idea and as the government was linking Aadhaar with bank accounts, it might take some additional steps for the property market also. To a query on the issue, the minister said, “At present, there is no proposal to make Aadhaar linkage mandatory in property transactions.”

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To questions, including one on whether the government had set any time-frame, for linking the unique identification number for property dealings, he said, “(The questions) do not arise.” Earlier, prime minister Narendra Modi had hinted at a crackdown on benami properties and thus, there was speculation that linking Aadhaar with property transactions, could be a step in that direction. A benami property is one, which is held by the owner in someone else’s name.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

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