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Gondia Real Estate Is Abuzz with 'Circle Rates': 15% Registration, 85% cash... Senior Builders Under the Radar of IT and ED
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Gondia. A dangerous game of black money is currently underway in Gondia's real estate business, directly defrauding the government treasury of billions of rupees. Amid skyrocketing land prices, many real estate entrepreneurs in the city are concealing the actual value of land and registering properties at a mere 15% of the circle rate. The remaining 85% of financial transactions are being openly settled in cash. Following a confidential report o…
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