The Income Tax Department’s Benami Prohibition Unit in Hyderabad has uncovered a massive alleged benami land transaction involving assets worth over ₹2,000 crore. As part of the investigation, the department has provisionally attached 282 acres of land located on the outskirts of Hyderabad, marking one of the largest benami property actions in the region in recent years.
The attached land parcels are situated in Koheda and Omer Khan Daira villages under Abdullapurmet mandal. Officials issued multiple provisional attachment orders after preliminary findings indicated that the properties were held in the name of a front entity, while the actual ownership and benefits allegedly rested with other individuals. The action follows a detailed examination of land records, financial trails, and corporate disclosures related to the transaction.
According to officials familiar with the probe, the land was originally part of a corporate asset base and was transferred through a structured transaction involving real estate entities. The investigation revealed indicators suggesting that the recorded buyer acted as a benamidar, while the beneficial owners were different parties connected to the original promoters of the company involved. The deal value, officials said, was significantly undervalued in official records compared to prevailing market rates.
The Income Tax Department has also alleged that the transaction structure may have been designed to bypass regulatory requirements related to related-party transactions. By keeping the deal value below certain thresholds, mandatory approvals and disclosures were allegedly avoided. Authorities further noted discrepancies between regulatory filings and the actual nature of control over the land assets.
Under the provisions of the Prohibition of Benami Property Transactions Act, 1988, benami properties can be provisionally attached if authorities establish that the consideration for the asset was provided by someone other than the person in whose name the property is held. The department stated that financial evidence pointed towards the beneficial owners funding the transaction, strengthening the case for benami classification.
The investigation remains ongoing, and officials indicated that further legal proceedings will follow as per statutory procedures. The case highlights the government’s continued focus on identifying undisclosed assets, curbing black money, and improving transparency in large real estate transactions.
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