It is stupefying to hear people argue that real estate in India does not involve black money. You have to be wilfully blind to say this. In every part of the c

It is stupefying to hear people argue that real estate in India does not involve black money. You have to be wilfully blind to say this. In every part of the country, real estate transactions used to have a cash and a cheque component. The value is under-reported to avoid paying stamp duty and registration, as well as in many cases to recycle black money. The proportion of these transactions has reduced since RERA, GST and demonetization. But it still goes on.