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Importance of payment of betterment levy in a real estate transaction
APRIL 2018
The Supreme Court ruled that a buyer, who paid full consideration to a seller in a real estate transaction, cannot demand that the local committee issue a permit to register the transfer of land rights without the payment of betterment levy (which applies to the seller), even if the seller enters insolvency proceedings.
To read our Real Estate Department’s complete client update, click on the link below: https://app.activetrail.com/S/eiwix3efzfx.htm
