NEW DELHI: Nineteen enemy properties in Uttar Pradesh have been disposed of by way of sale through e-auction held on September 9, 2023 and shares worth over Rs 2709 crore sold so far, the home ministry informed the Lok Sabha on Tuesday. In a written reply to a question, junior home minister Ajay Kumar Mishra said the proceeds of sale or disposal of enemy properties done in accordance with Section 8A of the Enemy Property Act, 1968, are deposited in the Consolidated Fund of India.
Sharing details of procedure and mechanism for disposal/auction of the enemy property, Mishra said prior valuation of immovable enemy property is done by a valuation committee chaired by the district magistrate of the district where the property is situated.The valuation reports submitted by the district magistrate are placed by the Custodian before the enemy property disposal committee who gives its recommendation to the Central government for the disposal or the manner in which the enemy property may be dealt with. The sale of movable property such as ‘shares’ is done on the recommendation of a high level committee which recommends the quantum and price or price level for sale of ‘shares’, Mishra informed the Lok Sabha.
Sharing details of procedure and mechanism for disposal/auction of the enemy property, Mishra said prior valuation of immovable enemy property is done by a valuation committee chaired by the district magistrate of the district where the property is situated.The valuation reports submitted by the district magistrate are placed by the Custodian before the enemy property disposal committee who gives its recommendation to the Central government for the disposal or the manner in which the enemy property may be dealt with. The sale of movable property such as ‘shares’ is done on the recommendation of a high level committee which recommends the quantum and price or price level for sale of ‘shares’, Mishra informed the Lok Sabha.