India has always looked for brilliant ways to fund it’s expansive development plans. The Modi government is filing robust and innovative methods for properties left by persons of ‘enemy’ countries.
In a bid to raise capital, the home ministry has decided to absorb Properties belonging to people who had left for countries like Pakistan after the partition and free from legal tangle will soon be disposed of.
The issue was discussed at a high-level meeting chaired by the home minister, and he has given his consent.
The Home ministry is currently is now considering the importance of the new provisions in the Enemy Property Act, 2017, which was amended recently to include disposal/transfer of enemy properties.
“It was also decided that the custodian office be strengthened for this purpose and the ministry should identify the properties free from encumbrance for quick disposal and monetization,” a home ministry statement said.
According to the amended Act, “Enemy property” refers to any property belonging to, held or managed on behalf of an enemy, an enemy subject or an enemy firm.
The owners of the enemy properties are those who have left India and settled in Pakistan or China.
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