SUMMARY

Land prices these days outstrip the actual cost of the building. Building industry generates and distributes a lot of wealth. Thus it follows that...

...the building, which is an absolute commodity, should have a tradable value and not the land it stands on.

Over the past several years the issue of using unaccounted money in housing has been pondered upon by most and attempted by few. However in most cases no concrete outcome has emerged. One of the prime reasons is an incorrect system of checks and balances along with addressing the issue in an isolated manner.

HOUSING AND UNACCOUNTABLE MONEY
"The populace does not want to cheat, it is the incorrect government policies that force the situation." This paper explores the concept of Escrow Accounts as an efficient delivery system for using unaccounted money in housing. It further suggests an integrated approach by dovetailing it with a system of performance contracts and people's empowerment through Resident's Associations while.....

VOLUNTARY DISCLOSURE OF INCOME SCHEME (V.D.I.S.)
This proposal was made to the H'ble. Finance Minister of India addressing the root cause for generation of unaccountable money and dovetailing the VDIS with the system of Escrow account.