India

Aadhaar to soon be mandatory for buying and selling property

11 Jul 2017 | By Gogona Saikia
Scope of Aadhaar to extend to property deals

The scope of Aadhaar will soon be expanded to even more sectors. In the next phase, it is going to be made mandatory for buying and selling property in India.

The purpose, says UIDAI CEO Ajay Bhushan Pandey, is to reduce incidences of property disputes and litigation.

This comes amid speculation that the government is planning to link land records with Aadhaar.

In context: Scope of Aadhaar to extend to property deals

11 Jul 2017Aadhaar to soon be mandatory for buying and selling property

GovtGovernment expanding scope of Aadhaar despite SC's objection

Despite the SC opposing mandatory Aadhaar, the government has continuously expanded its reach: from making it mandatory for filing taxes, subsidies on ration, and opening bank accounts.

According to Pandey, Aadhaar helps curb fraud and leakages.

IT Minister Ravi Shankar Prasad claims the initiative has helped save Rs. 50,000cr by eliminating the system of middlemen.

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However, Aadhaar has had massive security breaches

However, questions have been raised on breach of privacy and safety of data. Recently, 13 crore Aadhaar numbers were made public on four government websites, one of India's biggest security breaches.
Several states earlier launched drives to link Aadhaar with property

LinkingSeveral states earlier launched drives to link Aadhaar with property

Still, several state governments including Haryana, UP, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana implemented exercises to link property to Aadhaar, reported Businessworld.

UP even discussed making it mandatory for land owners to verify properties by furnishing Aadhaar.

The aim, again, was to curb fraudulent activities and get rid of middlemen.

21 Nov 2017Mandatory Aadhaar linkage with property, is it happening?

In an attempt to weed out illegal wealth hidden as assets, Union Housing Minister Hardeep Puri has hinted that linking Aadhaar with property transactions would be made mandatory.

He said it would help detect benami properties, but refused to make a formal announcement.

He also admitted no system could guarantee complete transparency, but large-value transactions could be monitored relatively easily.