News

Total 9280 Enemy Properties Worth Rs. 1.04 Lakh Crore Stand In India


As per information provided to Lok Sabha, the total value of enemy property, which is immovable, has come out to be Rs.1.04 lakh crore.

If calculated in numbers, the total number of immovable properties which come under the bracket of Enemy Property is 9280. These properties are scattered over a large area of 11773 acres of land.

Recently, the Enemy Property Act had gone through amendment by our government safeguarding the claims, rights and succession of the transfer of properties of people left behind during the time of migration to Pakistan and China.

Any kind of property which belongs to or is managed by an enemy (Pakistan or China), or even by an enemy firm, is referred to as Enemy Property.

These properties have been place in the hands of the Custodian of Enemy Property for India, which is an official body coming under the Central Government.

The Enemy Property Act was passed in 1968, after the war between India and Pakistan broke out in 1965. The Enemy Property Act takes care of the regulation of Enemy properties and mentions the powers of the concerned custodian.

However, the Enemy Property Act was recently amended, stating that incase, the ancestors shifted to any of the enemy countries (Pakistan or China), their heirs will not be able to claim the entitlement of the property in India.

Team iPropUnited

Share
Published by
Team iPropUnited
Tags News

Recent Posts

Minimalist Interior Design Tips for a Classy Home

Minimalist interior design has become a global trend, celebrated for its simplicity, elegance, and functionality.…

3 days ago

How Technology is Revolutionizing Real Estate in India

The real estate sector in India, traditionally known for its slow-paced processes and manual operations,…

4 days ago

Fractional Ownership in Real Estate: Democratizing Property Investment

The real estate sector, traditionally a playground for high-net-worth individuals, is undergoing a transformation with…

1 week ago

The Yamuna Expressway Authority has received 1.12 lakh applications for 451 plots located near the Noida Airport.

Real estate experts highlighted that the strong response reflects the growing residential demand in the…

2 weeks ago

DLF names Badal Bagri as the company’s Chief Financial Officer.

According to the company, Bagri brings extensive expertise in corporate finance, controllership, treasury, strategic planning,…

2 weeks ago

The Impact of AI and Machine Learning on Personal Finance

Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing personal finance by transforming how individuals…

2 weeks ago

This website uses cookies.