Why Aadhaar Card is important for property registration?
Increasing number of fraudulent transaction and investment worth crores in the real estate market has alarmed and forced the government to mandate UIDAI for property registration. Aadhaar Card has become mandatory proof of identity from opening an account in the bank to getting an LPG connection to getting a PAN Card. UIDAI based authentication is made compulsory by the government for real estate dealings to curb the use of black money in the property transaction.
All the buyers and sellers involved in property dealing must have a valid Aadhaar number for property registration. This means any person who wants to present registration documents to the state sub-registrar must have to undertake Aadhaar registration. The process involves a bio-metric technique where only after the provision of UID and other bio-metric details the property is transferred to the buyer.
Benefits associated with Aadhaar card for property registration:
- Aadhaar brings ease of transactions. It is easy to excerpt information during the process of property registration when all sub-registrar services are linked to Aadhaar servers. It eases out the process of sale and purchase of the property, all real estate dealings and fortifying home loans.
- Helps government agencies to keep a check on unlawful real estate dealings. Land transactions based on Aadhaar card prevents duplicity and once the project implements across the country it establishes the identity of the buyer and seller.
- For the Government, Aadhaar card is a source to weed out the transactions entered into by the foreigners or the NRIs. Covering not less than 97% it helps the Centre to track the individual who indulges into property purchase in India.
The compulsion of Aadhaar for real estate deals has led to transparency in land transactions and ironed out discrepancies which in turn has increased the demands of abodes by aspiring buyers. At this opportune moment, Shobha Developers a well-known and celebrated builder have pounced a majestically developed Shobha Dream Gardens a luxury residential apartment in Bangalore.
Being located at an auspicious location Belahalli, Sobha Dream Gardens is spread in a huge 18 acres land for you to explore and make optimal use of available spaces. This vast area of the project includes 10 high-rise BDA approved towers with divine 1BHk, 2BHK, and 3BHK grand luxury apartment rooms. Shobha Dream Gardens Bangalore is surrounded by lush green region and provides unhindered views, appealing natural environment, and fresh air. Offering brilliant constructions, best architecture, and splendid interior design, Shobha Dream Garden is a symbol of comfort and luxury homes at affordable pricing range.
Sobha Dream gardens being at the epic center of all actions offers a convenient lifestyle to residents and well connects them to other prime location for respective needs. The prices of Sobha Dream gardens apartments are available for aspiring buyers only on request.
Are you falling for Sobha Dream Gardens? Know more about Sobha Dream Gardens price, specification, Masterplan, floor plan, and location. Check out Why Investors are likely to invest in areas providing formidable employment opportunities.