NEW DELHI: Amit Shah to lead Group of Ministers will monitor disposal of 9,400 enemy properties. The properties will likely fetch Rs 1 lakh crore to exchequer.
Three committees will be formed to dispose of immovable enemy properties. Two high-level committees headed by Cabinet Secretary Rajiv Gauba and another by Union Home Secretary Ajay Bhalla will also look into the process.
The enemy properties were those left behind by the people who took citizenship of Pakistan and China.
In 2017, the Rajya Sabha had passed the Enemy Property Bill. The Bill amends the Enemy Property Act, 1968, to vest all rights, titles and interests over enemy property in the custodian and declares transfer of property by the enemy as void. This applies retrospectively to all transfers that have occurred under the Act. The Bill also prohibits civil courts and other authorities from entertaining disputes related to enemy property.
In 2019, the government sold immovable properties like land and buildings of the Enemy this fiscal to augment the divestment revenues and will also get its share from the proceeds of the non-core asset sales of the CPSEs, a top official said.
“We got Rs 1,800 crore from the sale of ‘Enemy Property’ last fiscal and now we are looking at selling land and buildings of ‘such properties. We will look at those properties which have clear title paper and the transactions involves its custodians with DIPAM being provided all relevant documents together with information on encumbrances or encroachments,” Atanu Chakraborty, Secretary, Department of Investment and Public Asset Management (DIPAM) had told IANS in an interview.
Also Read: Rajya Sabha passes Enemy Property Bill