Realty deals don't need Aadhaar, says Centre

A benami property is one which is held by the owner in someone else's name.

Update: 2017-12-19 19:52 GMT
As per rules, if existing account holders do not submit Aadhaar by March 31, 2018, their accounts will cease to be operational.

New Delhi: There is no proposal, as of now, to make Aadhaar linkage mandatory for property transactions, the Centre said on Tuesday.

Housing and urban affairs minister Hardeep Singh Puri, however, said that the rural development ministry had advised states and Union Territories to explore the possibilities of using consent-based Aadhaar authentication for registration of properties.

Mr Puri had reportedly said last month that linking Aadhaar to property transactions was a great idea and as the government was linking Aadhaar with bank accounts, it might take some additional steps for the property market also.

On Tuesday, in a written reply in the Lok Sabha, Mr Puri said, “At present, there is no proposal to make Aadhaar linkage mandatory in property transactions”.

Earlier, Prime Minister Narendra Modi had hinted at a crackdown on “benami” properties and, thus, there was  speculation that linking Aadhaar to property transactions could be a step in that direction. A “benami” property is one which is held by the owner in someone else’s name.

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