Black money is ubiquitous in the Indian economy - and the real estate sector is probably the hot bed of black money deals. But I had never imagined that people will be so brazen to quote a black money deal openly on a website - check out the screenshot below: For the uninitiated, 'cash' refers to money paid in cash but not accounted for as a part of the deal in a written contract - in effect this is black money. However, I should applaud the seller here for his/her open mindedness - s/he is giving a clear option for you NOT to pay him any cash, in which case the property will cost you 61 lakhs (INR 6 million 1 hundred thousands). S/he is also giving a clear conversion factor - each lakh (hundred thousand) of black money gives you a reduction of 25k in the package. The quote price 57 lakhs should as per the above be 41 lakhs agreement value and 16 lakhs in cash.