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Govt Eyes Rs 1 Lakh Crore Through Sale Of Enemy Properties

Govt Eyes Rs 1 Lakh Crore Through Sale Of Enemy Properties

Govt Eyes Rs 1 Lakh Crore Through Sale Of Enemy Properties
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Latest data released by the Department of Investment and Public Asset Management show that the government has sold enemy properties worth Rs 1,874 crore in April. 

In March last year, the government had initiated the process to sell enemy properties ─ movable and immovable assets of people, who left India to become citizens of Pakistan and China after partition.

According to official estimates, the government through the Custodian of Enemy Property was in possession of 9,400 enemy properties. While 9,280 such properties once belonged to Pakistani nationals, 126 properties were owned by Chinese nationals.

The Enemy Property (Amendment and Validation) Act, 2017, and the Enemy Property (Amendment) Rules, 2018, rule that heirs of those who migrated to Pakistan and China during the partitions of 1962 (with China), 1965 and 1971 and afterwards will have no claim over the properties left behind in India.

Of the 9,280 properties left behind by Pakistani nationals, Uttar Pradesh has the highest concentration at 4,991. West Bengal also has a total of 2,735 such properties left behind by Pakistani nationals. In the national capital, there are 487 enemy properties.

Of the 126 properties left behind by Chinese nationals, 57 are in Meghalaya and 29 in West Bengal. Assam has seven such properties.

What happens now?

Apart from issuing guidelines to the Custodian about the manner in which the sale process has to take place, the home ministry has also constituted a district-level valuation committee to complete the process within three months.

An Enemy Property Disposal Committee will also be set up to advise the Centre on the sale of enemy property, usage of enemy property by the ministries or departments of the central government, maintaining status quo and the transfer of the enemy property.

How would the valuation take place?

While the Custodian will prepare a state-wise list of the enemy properties, the district-level valuation committee will fix the prices of the properties, based on circle rates or a rate fixed by the district administration.

With inputs from Housing News

Last Updated: Mon May 06 2019

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