WHERE IS BLACK MONEY MOSTLY USED?
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%