WHERE IS BLACK MONEY MOSTLY USED?

Hindustan Times (Chandigarh) - Estates - - FRONT PAGE -

South Delhi ar­eas which are seen as or­gan­ised mar­kets, where all-white deals are made, are Vas­ant Vi­har, Shan­tinike­tan and Pan­sheel En­clave. De­fence Colony and GK parts I and II are said to be un­or­gan­ised be­cause the cash to cheque ra­tio is about 60:40.

Sup­ply is lim­ited in or­gan­ised mar­kets. Out of 104 plots in an area such as West End, only about five to six apart­ments are likely to be on sale. Since op­tions are very few, cor­rec­tion is lim­ited to about 7% to 8%

In colonies where there is some el­e­ment of cash de­ployed, prop­er­ties are likely to be avail­able at a dis­count of over 20%

PIC­TURES FOR REPRESENTATIONAL PUR­POSE ONLY

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