FOR A NEW HOUSE, UP TO 20% BLACK IS OKAY

At Bahadurpally near Tech Mahindra, an agent is willing to take up to 20 per cent of the cost of a duplex house as downpayment, and the rest in the form of a housing loan.

The agent did not directly speak about black money but dropped sufficient hints.

An agent for a gated community in Nizampet wanted 80 per cent of the money paid through legal channels.

He was okay with `2 lakh in cash after which the registration papers would be processed, and 20 per cent as down payment either through cheque or cash.