In the second batch, the government had listed 27 new properties, free from any legal hindrances, and added to the list of 10 properties which remained unsold in the first auction, said officials. The properties were identified as agricultural land valued below ?1 crore each. They were recommended for sale by the Enemy Property Disposal Committee and approved by the Union home ministry.
The Union home ministry is now gearing up for sale of the second batch of "enemy properties" spread across India. It is vested with MHA which has given its control and management to the office of CEPI. The list of the first batch of 31 properties was recommended by the Enemy Property Disposal Committee.
The Indian government has initiated the process of monetizing "enemy properties" by identifying the first batch of 31 such properties in Uttar Pradesh. Enemy properties are those left behind by individuals who took citizenship of Pakistan and China after leaving India. The properties, valued below ₹1 crore each, have been recommended for sale by the Enemy Property Disposal Committee.
Enemy properties are those that were once owned by individuals who took Chinese or Pakistani citizenship after India fought wars with these countries. Besides real estate, enemy property may also include bank a/cs, shares, gold, and other assets of such individuals.
The Ministry of Home Affairs recently announced that it has begun the process of evicting and selling enemy homes across the nation. The Home Ministry has begun a comprehensive investigation of enemy properties in 20 states and 3 Union Territories through the Directorate General of Defence Estates (DGDE).
Centre starts process of eviction, sale of 12K 'enemy properties' tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
India starts sale of 'enemy assets' worth ₹1L crore deccanchronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanchronicle.com Daily Mail and Mail on Sunday newspapers.
There are a total of 12,611 establishments called enemy property, roughly estimated to be worth over Rs 1 lakh crore, in the country. The enemy properties are vested with the Custodian of Enemy Property for India (CEPI), an authority created under the Enemy Property Act, officials said
Government Starts Process Of Eviction And Sale Of Enemy Properties dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.