BENAMI PROPERTIES

What is Benami Property? The property bought or paid by another person to evade or hide his black money or an illegal transaction in the name of the present owner, who does not have any money nor business nor any account nor any income nor any other sources. What will happen to these properties? If, … Continue reading BENAMI PROPERTIES

BENAMI PROPERTIES AND THE REALTY PRICES

The Prime Minister has stated that his next TARGET is BENAMI PROPERTIES, for which some investigation has already completed. This investigation may bring some changes in the demand and supply of properties across the country and the prices might go down. As of now, the demonitisation is slowly taking its toll in the real estate … Continue reading BENAMI PROPERTIES AND THE REALTY PRICES

BENAMI PROPERTIES AND CORRUPTION

BENAMI PROPERTIES ┬áThe government plans to tighten its grip over benami transactions and plans to set up an authority and empower it to confiscate assets that are seen/treated/said to be benami if the owner fails to provide enough proof and further aims to fine-tune the existing law. Amendments to the Benami Transaction (Prohibition) Act, 1988, … Continue reading BENAMI PROPERTIES AND CORRUPTION