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Real Estate Briefing - Categorized | Market Moves, Regulatory more

India to tighten grip on benami property deals

Posted on 19 August 2011

If you hold any benami property and the Central Government declares it as such, not only will the Government confiscate it without paying any compensation, it will also impose a fine of up to 25 per cent of the market value of the property on you.

It could even imprison you for between six and 24 months……………………………………….Full Article: Source

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