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Government begins process of selling over 9,400 enemy properties

In a bid enrich its coffers by about Rs 1 lakh crore, the government has started the process of monetisation of more than 9,400 enemy properties by issuing guidelines and directing the office of the custodian to submit a list of all such movable and immovable assets within three months. The Ministry of Home Affairs has also constituted a valuation committee at the district level, headed by the district magistrate, and an inter-ministerial disposal committee, headed by an additional secretary, so that the process could be completed in a time-bound manner.

Source : ET Realty