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What Is Benami Property?

What Is Benami Property?

Monday, December 26, 2016, 11:45 AM

Benami in Hindi means without name. In this kind of transaction the person who pays for the property does not buys it under his own name. The person on whose name the property is purchased is called benamdar and the property so purchased is called the benami property. The person who finances the deal is the real owner of the property.
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