Over a quarter of respondents or 26% reported paying over half of the property amount in cash, suggesting widespread undervaluation to evade taxes and registration fees (Image source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The use of cash remains deeply entangled in the Indian real estate sector, with two in three citizens or roughly 66% who purchased property in the last three years admitting to paying a portion of the transaction value in cash, according to a survey by LocalCircles.

The survey, that polled over 39,000 citizens across 301 districts, highlights the use of black money and alleged corruption across the property buying process. The data shows that the amount of cash involved is significant.

Over a quarter of respondents or 26% reported pa

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