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Link Aadhar with property registration

IMPORTANCE OF LINKING AADHAR FOR PROPERTY REGISTRATION

When it was announced that the government would link all Indian properties with Aadhar, the decision was considered a crucial one. This would lead to the creation of a central database of ownership for each and every property. This, in turn, would help in identifying whether a property owner is paying all taxes properly and whether his /her income justifies the ownership of a property. If it doesn’t, then the government has the right to confiscate the property as a benami one. Of course, the entire process of linking all properties with Aadhar would be time-consuming and will require the help of state governments.

Permanent RERA No.

RERA KARNATAKA TIGHTENS GRIP ON REAL ESTATE PROJECTS

Real Estate Regulatory Authority (RERA) Karnataka is leading the way in terms of the RERA implementation. It has started issuing permanent registration numbers to all approved projects. But before doing so, it has put 542 ongoing projects in the red. The regulatory body issued a notification on April 1 prohibiting these projects from doing business on the ground of doing business with just provisional approval. The fate of these projects is not yet known. The notification issued states that real estate builders must receive permanent approval before advertising their projects.