Tag: estate
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The Income Tax Department carried out a search and seizure operation on August 24 at the properties of a prominent real estate group based in Rajkot, Gujarat. More than 40 premises of the group were covered in the operation. The firm is engaged in real estate, construction and land trading businesses in and around Rajkot.
During the course of the search and seizure operation, many incriminating documents, loose sheets, digital evidence etc were seized indicating involvement of the group in unaccounted transactions. Substantial evidence of transactions outside the regular books of accounts, unaccounted cash expenses, cash advances received and interest paid in cash, has been found.
Evidence of on-money payments in real estate projects-flats, shops and land deals has also been found. Total unaccounted cash receipts in various projects of approximately Rs 350 crore have been unearthed, along with corroborative evidence.
Further, evidence related to land purchase of approximately
Sometimes, a single real estate agent can act as an agent for each events, a follow known as dual company. This normally occurs when a purchaser and seller resort to the same brokerage for an agent. Some states don’t permit twin agency, and it could have some inherent threat, so keep this in mind if you’re contemplating agreeing to this arrangement. You should put money into real estate only after you’ve already paid off your individual home .
Real estate listings held by brokerage companies apart from Long & Foster Real Estate, Inc. are marked with the Broker Reciprocity emblem and detailed details about them consists of the name of the listing dealer. IDX info is provided exclusively for shoppers’ private, non-commercial use and should not be used for any function apart from to establish potential properties shoppers could additionally be excited about purchasing. The knowledge regarding real estate on … Read More
