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Govt's plan to link realty to Aadhaar may impact secondary market

Smaller real estate developers who deal in high-ticket properties say acquiring properties and developing them for sale would become extremely difficult

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Aadhaar project cannot survive without undermining and overriding the rights of the people. Photo: Reuters

Karan Choudhury New Delhi
Prime Minister Narendra Modi’s recent comments on cracking down on benami properties by linking real estate properties to Aadhaar have put many people in a sweat.

Amrit Sharma (name changed), a 53-year-old government employee, owns four properties in posh localities South and West Delhi. Bought under the names of his mother-in-law, a distant cousin, a friend, and a property dealer, the four residential properties provided Sharma not only rent but also a lump sum, which he got by selling a floor at one of the properties when he needed to get his daughter admitted to a private medical college.

Sharma,