โ๐ง๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ฑ๐ฒ๐ฎ๐น ๐น๐ผ๐ผ๐ธ๐ ๐๐ผ๐ผ ๐ด๐ผ๐ผ๐ฑ ๐๐ผ ๐ฏ๐ฒ ๐๐ฟ๐๐ฒ.โ
That's your first clue. It just might be too good to be legal.
Today, let's talk about ๐๐ฒ๐ป๐ฎ๐บ๐ถ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ถ๐ฒ๐ โ the hidden iceberg beneath Indiaโs real estate ocean.
In simple terms, a Benami property is an asset held in the name of someone other than the person who actually paid for it.
The real owner stays hidden behind a fake name โ often to launder money or evade taxes.
The roots of this problem go back to the '80s and '90s, when black money was rampant in India's real estate market.
Properties were routinely registered under relatives, servants, or fake identities to dodge scrutiny.
Recognizing the scale of this hidden economy, the government began tightening the noose, culminating in the Benami Transactions (Prohibition) Amendment Act of 2016 โ a law that gave real power to the authorities.
But here's the catch โ even an innocent buyer can land in deep trouble.
If you unknowingly purchase a Benami property:
- The government has the right to confiscate it without compensation.
- You could be pulled into lengthy criminal investigations.
- Banks might freeze related transactions.
- Court battles could drag on for years, draining your money and peace of mind.
Itโs no longer enough to check surface-level paperwork.
You must verify the full chain of ownership.
Trace financial trails โ ensuring payments were made legally and transparently.
Sometimes, walking away from a tempting deal is the smartest investment you can make.
In a complex market like ours, due diligence isnโt just good practice โ itโs your only shield.
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