Making Aadhaar must for property deals might lead to further slowdown

The real estate sector is already finding it hard to deal with the impact of note ban, GST and RERA

The government is planning to make Aadhaar mandatory for property buying to curb benami deals, in a move that follows a string of developments that have delivered a body blow to the real estate sector. Many in the industry feel that after bearing the brunt of demonetisation, real estate regulatory authority (RERA) and goods and services tax (GST), this move could slow down the market further.

According to sources in the government, the government wants to link property buying to the buyer’s Aadhaar number so that a record of all transactions is made. While no concrete decision has been