The Benami Transactions (Prohibition) Act, 1988 was amended in 2016 with a view to limit unaccounted money in Indian economy. The amendment Act along with demonetization, digitization, RERA, new delhi house GST roll is expected to positively affect real estate in India in the long term. The Act seeks to restrict Benami transactions which means that all transactions shall be conducted in the name of the legal owner who is making payments from accountable sources. best house in delhi The Act has ushered in transparency in this sector, although real estate prices and transactions have barely been affected by it. In the long run this Act will seek to protect the interest of buyers and increase the faith of investors by making the sector of real estate in India far more transparent and accountable.