Will Indian Government link immovable assets to AADHAR?
@thebigk
•
Oct 26, 2024
Oct 26, 2024
1.3K
So, I read that the next bold move from the Indian Government towards eradicating corruption is going to be about linking the immovable assets (land, house) to owner's AADHAR. If it happens for real, it will be the boldest move from the government after demonetisation. I'm aware that the Government has denied any such report or pending move; but that doesn't mean they won't do it.
In India, most of the corrupt government officials have invested all their black money into immovable assets, mostly flats, plots and farm-lands. If the government indeed makes it mandatory to link the property to AADHAR, it will immediately expose people who've acquired more property than they legally could. Government can then seize such properties and make huge money by auctioning it. It's also estimated that because the corrupt people would try to sell their their 'extra' properties, the prices of flats and houses will come down drastically; allowing people to buy these using legal money.
Do you think the Government will take this bold step? What would be consequences of it?
In India, most of the corrupt government officials have invested all their black money into immovable assets, mostly flats, plots and farm-lands. If the government indeed makes it mandatory to link the property to AADHAR, it will immediately expose people who've acquired more property than they legally could. Government can then seize such properties and make huge money by auctioning it. It's also estimated that because the corrupt people would try to sell their their 'extra' properties, the prices of flats and houses will come down drastically; allowing people to buy these using legal money.
Do you think the Government will take this bold step? What would be consequences of it?
