How to make property deals transparent

The real estate sector in India is believed to be one of the largest recipients of black money and any attempt to control the deployment (and by extension, generation) of black money has to turn to reforms in the real estate sector. An important problem in real estate transactions in respect of black money is that the actual price of the transaction is known only to the buyer and the seller, and is not disclosed correctly to the government. Often, the price disclosed is well below the actual price of the transaction. This leads to lower tax collection and provides