Demonetisation: 2/3 in black, advice free
Are property purchases still being paid for in cash?
By : Kaniza Garari
Update: 2017-03-25 19:54 GMT
Hyderabad: Rs 15 lakh in black and Rs 35 lakh in white. That is what a builder at Saket near ECIL wants for a Rs 50-lakh two-bedroom house.
How does a salaried person, with no scope for illegal earnings, get this kind of black money? One suggestion is to take the help of businessmen; they could help convert money.
The builder said he would want nearly two-thirds of the money in black, even if the buyer went for a home loan. Try borrowing the money from family and friends, he suggested.