Realty out of Aadhaar ambit

The Telegraph
Thursday, December 21, 2017

In a significant U-turn in the drive against black money, the government on Tuesday said there was no proposal to make Aadhaar mandatory in property deals.
"The rural development ministry had advised the states and Union territories to explore the possibilities of using consent-based Aadhaar authentication for registration of properties under the provisions of the Registration Act, 1908," Hardeep Singh Puri, minister of state in the housing ministry, informed the Lok Sabha in a written reply.
Only last month Puri had reportedly stated that seeding Aadhaar to property transactions was a great idea.
As the government was linking Aadhaar with bank accounts, it might take some additional steps for the property market also, he added.
To a query on linking the unique ID, the minister said, "At present, there is no proposal to make Aadhaar linkage mandatory in property transactions."
To questions, including one on whether the government had set any time frame to link the unique identification number for property dealings, the minister said, "(The questions) do not arise."
Prime Minister Narendra Modi, too, had favoured Aadhaar in real estate. "Aadhaar will now be used against benami property... It is going to be a big weapon (in the fight against benami property)," he had said last month.
Former law minister Ashwani Kumar, who played a pivotal role in the formulation of Aadhaar, said "one of the critical objective of Aadhaar was to track down blackmoney and benami property and if the minister is stating that there is no move to link Aadhaar with property transaction, the critical objective is defeated. The minister must explain the rationale behind this move."
Subsidy
Explicit consent must be obtained from persons receiving subsidies to change their bank account, Aadhaar issuing authority UIDAI on Tuesday said in a move to avoid repeat of the Airtel bank-fiasco.

Reference-https://www.telegraphindia.com/business/realty-out-of-aadhaar-ambit-194819

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