Tag: property deals

Power Of Attorney for all Property Deals Banned

May 4, 2012 – 3:35 pm

In an order that puts thousands of property transactions in Delhi under a cloud, the revenue department has made all realty sales through transfer of general power of attorney null and void with retrospective effect from October last year. The order, dated April 27, directs all 13 sub-registrar offices, DDA and NDMC to follow the […]

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Property deals to be scanned by FIU

October 3, 2009 – 5:30 pm

Financial Intelligence Unit wants to cross check every real estate deal. It has asked the states to submit monthly data on registration of properties. FIU is a central agency responsible for receiving, processing and analyzing information relating to suspect financial transactions. Often the real estate deals in the country involve unaccounted cash transactions. This may […]

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