Prime Minister Narendra Modi on Saturday promised a "benami sampatti ka toofan" soon, while talking about the Benami Transactions (Prohibition) Amended Act, 2016, brought by his government, during a campaign rally in Himachal Pradesh.
A look at the law between November 1, 2016, when it became operational, and June 20, 2017, shows that the government has identified 413 benami transactions under it and provisionally attached properties in 233 cases, valued at Rs 813 crore.
But while Kolkata came on top in terms of value of benami properties attached, Ahmedabad saw the highest number of transactions (74) detected under the Act, even as provisional attachments were made in only four cases.
Chennai and Mumbai region saw the highest number of cases where benami properties were attached provisionally, together accounting for nearly half of such cases (107 out of 233).
To further curb benami transactions and the use of black money in real estate deals, the government is planning to make Aadhaar-based authentication mandatory at the time of registration of documents, such as agreement to sale, power of attorney and will, among others.
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