COMMON SENSE SIMPLIFIED: CASH FOR FLAT:
If black money is the biggest predicament for the nation, the real estate sector is the biggest catalyst for the same. As it is an open secret that no real estate deal (particularly land deals) is virtually possible without black money. Not only we lack strong regulations to plug the loopholes, but also we allow the entire system to thrive through our existing laws. No wonder, in 2011, real estate was seen as the most corrupt sector during a survey by KPMG with 32 per cent of respondents agreeing to the fact.
Read more: http://prasoonsmajumdar.blogspot.in/2012/03/cash-for-flat.html
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