Buying and flipping properties is a common strategy. According to kpmg s survey 2010 real estate and construction are the most corruption prone sectors in india.
Some 3 358 individuals of different professions have whitened around tk 35 billion so far.
How to invest black money in real estate. Hopefully you invest in a smart team that s investing in a smart asset class in good areas and they can navigate the complex and changing economy that we have toward mutual wealth. How real estate investing works for you will depend on whether you prefer active investing such as managing your own rental properties or passive investing such as buying real estate shares online or on the stock market. Around 3 220 individuals have taken the advantage of the black money whitening opportunity by investing their undisclosed money in the real estate sector by paying 10 per cent tax in the current fiscal so far.
You don t have to buy rental properties to maximize your profit from real estate investing. The department of revenue intelligence of the indian central board of direct taxes cbdt has identified that the real estate is the birthplace of black money and also estimated that in most property deals where 40 60 of the transaction value goes unaccounted. If you invest with a terrible company or in a real estate asset class that s going to end up losing money or in a terrible area well that sucks.
Invest in real estate by flipping properties. The study also found a higher level of investment in real estate outside of the primary home 41 of non financial assets versus just 22 for whites in the same income bracket. Risk comes with investing but unleashing 1 2 trillion in black buying power to fund black businesses and real estate endeavors is one of the greatest wealth building opportunities ever made.
You can potentially put money in your pocket or diversify your investment portfolio through real estate investments.