India's Real Estate: The Last Untaxed Dynasty

What are official circle rates in Delhi NCR? A: Official circle rates in Delhi NCR hover around ₹1.5 lakh per square yard, while real market prices often exceed ₹5 lakh. Q: Why do the ultra-wealthy prefer land over other assets? A: Land is benami-friendly, registry-manipulated, legacy-diluted, and politically recycled. It offers privacy, compounding control, and low-visibility wealth. Q: What are some global investments in Indian real estate? A: UAE-based NRIs are buying land in elite zones like Panchsheel and Golf Course in South Delhi. American high-net-worth individuals are investing in branded residences linked to hospitality giants like Marriott and Ritz. Singapore family offices are entering Gurgaon through joint ventures. Q: How are state governments promoting real estate? A: State governments are rebranding the real estate sector as the centerpiece of ‘smart city’ dreams, despite its past association with black money. Q: What legal measures are in place to combat black money in real estate? A: Several legal measures, including Section 50C, 56(2)(x), the Benami Transactions Act, and PMLA, are designed to enforce transparency and traceability in real estate transactions. Cash transactions are capped, and high-value deals must quote PAN.

Answer not available