Enemy property bill likely to garner Rs.1 trillion for the government
CEP now empowered to sell immovable properties
by Janhavi Behere
The recently approved ‘Enemy Property Bill’ is likely to garner Rs.1 trillion for the government. The amendment now empowers the custodian of enemy property (CEP), an authority under the home ministry, to sell these properties. The value of immovable property was pegged at Rs.1 trillion by a parliament select committee taking into consideration valuation as on 31 March 2015.
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