Why is Aadhar Card important for Property Registration in India?
Aadhar card considered as the main document for each and every process today in India. Aadhar card is also a document that can help the government in restraining the use of black money for the transaction in property dealings. Aadhar card becomes an essential proof of identity from getting an LPG connection to opening an account in the bank to getting a PAN card to property registration in India. Most Indians now have an Aadhar number that’s linked to their bank accounts, mobile connection services and income tax return filing. The Government of India made (Unique Identification Authority of India) UIDAI based authentication mandatory for real estate dealing. The Indian government has taken strict action against benami properties against the ‘Benami Transactions Amendment Act, 2016.’ To speed the process and make it infallible the Indian government has asked the property buyer and property owners, builders & developers to link their aadhar card with their property registratio...
