What is a benami property?
A ‘benami’ property is one that is purchased in the name of a person, who is not the real beneficiary. The person, in whose name the property is purchased, is known as a ‘benamidar’. … READ FULL STORY
Legal
Tag: Benami Transactions (Prohibition) Act
Legal
Taxes and penalties on benami properties
In order to eliminate the twin menace of corruption and black money, the ‘Benami Transactions (Prohibition) Act’ was passed in 1988. However, the same was never implemented as the requisite rules and regulations were … READ FULL STORY
Property Trends
One year since demonetisation, real estate outlook positive: Colliers International
It has been a year since demonetisation was announced on November 8, 2016 and was touted as a surgical strike on black money. Although, in the aftermath of demonetisation, the GDP growth has come … READ FULL STORY
Property Trends
The RERA effect: Indian real estate waits to inhale
Did demonetisation erase black money in real estate? Just a couple of months ago, demonetisation appeared to have taken all the remaining steam out of our Indian real estate’s sails. Sales in the significantly … READ FULL STORY
