Money comes into Mysore, especially for real estate transactions, not only through legal, banking channels but also in gunny bags, and that has been a common practice. Real estate transactions, with the exception of new apartments purchased from builders, generally include both a legal white money payment through a bank instrument, and a black money component of cash. This flow of money into Mysore has been a constant feature of the last decade, and has mostly involved the real estate and construction industry. Consider this proposition. The flow of money into Mysore has been disproportionate to the city’s economic prospects and its growth hasn’t occurred organically.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/new-urbanism-mysore
[2] http://admin.indiaenvironmentportal.org.in/category/author/prithvi-datta-chandra-shobhi
[3] http://admin.indiaenvironmentportal.org.in/category/journal/seminar
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/habitat-and-urbanisation
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mysore-t
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/construction-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/infrastructure-development
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/private-sector
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/urban-development
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/urban-planning
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
