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What if Swiss black money is declared "National Asset"?

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What if Swiss black money is declared "National Asset"?

Last updated: November 16 2011
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  • What if Swiss black money is declared "National Asset"?

    What would happen to property prices if 'videsh ka kala dhan' is declared "National Asset" by the govt under pressure from Anna Hazare and Baba Ramdev?

    It's an open secret that property prices in India have the major component in black money... would prices rise or fall or stay where they are...

    my hunch is that black money would stop going outside the country and more and more will be invested in Indian property, leading to further rise of the prices...

    Your take?
  • #2

    #2

    Re : What if Swiss black money is declared "National Asset"?

    Originally posted by cannondale View Post
    What would happen to property prices if 'videsh ka kala dhan' is declared "National Asset" by the govt under pressure from Anna Hazare and Baba Ramdev?

    It's an open secret that property prices in India have the major component in black money... would prices rise or fall or stay where they are...

    my hunch is that black money would stop going outside the country and more and more will be invested in Indian property, leading to further rise of the prices...

    Your take?
    1: NO HOPE WHATSOEVER POLITICAL RHETORICS. THAT MONEY CANNOT BE BROUGHT BACK UNLESS USA ASSISTS BY THROWING FEAR INTO THOSE GOVERNMENTS.

    2. PROPERTY PRICES WILL SKYROCKET IF THAT MONEY COULD BE BROUGHT BACK.

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    • #3

      #3

      Re : What if Swiss black money is declared "National Asset"?

      We have to see with some different perspective also... now IF black money is removed as suggested by baba ramdev, then people will nt have those hundreds of crores to buy land chunks everywhere. These land holders are culprits who artificially increase area price by holding every available land.

      So logically if these land holding practices get curbed by removing black money, property prices will come to grounds.

      Has anybody ever imagined if anybody having good decent package of as high as 20 Lac per year can buy kothi for 5 crores in delhi( this is quite average price for kothi in delhi) . So how these properties are bought ?? all black money 99.99 % .

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      • #4

        #4

        Re : What if Swiss black money is declared "National Asset"?

        Originally posted by Jaydeepk View Post
        We have to see with some different perspective also... now IF black money is removed as suggested by baba ramdev, then people will nt have those hundreds of crores to buy land chunks everywhere. These land holders are culprits who artificially increase area price by holding every available land.

        So logically if these land holding practices get curbed by removing black money, property prices will come to grounds.

        Has anybody ever imagined if anybody having good decent package of as high as 20 Lac per year can buy kothi for 5 crores in delhi( this is quite average price for kothi in delhi) . So how these properties are bought ?? all black money 99.99 % .
        Indian RE prices are greatly influenced by black economy.Increse in RE prices during last three years is largely due to influx of black money in real estate.Now farmers are quoting land prices per sq yards instead of per acre or Bigha.
        Dil Jawan Hai To Jahan Hai

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