(a) the total number of enemy properties located in the country and the approximate value thereof, Statewise;
(b) whether the Government has set up a high level Committee for disposal of enemy properties vested with the Custodian of Enemy Property for India;
(c) if so, the details thereof; and
(d) the time by which the above proposal is likely to be implemented and the estimated amount of revenue likely to be generated by the Government as a result of this proposal?
MINISTER OF STATE IN THE MINISTRY OF HOME AFFAIRS
(SHRI G. KISHAN REDDY)
(a): As on date enemy shares of 302 companies and 12426 immovable enemy properties are vested in the Custodian of Enemy Property for India (CEPI). The details of vested immovable properties are given in Annexure-I. The value of the enemy properties has been estimated at about Rupees One Lakh Crore.
(b) & (c): The Government of India has laid down detailed procedure for sale of enemy shares vide Order dated 18.02.2019. Further, the Government vide Orders dated 21.03.2018, 08.03.2019 and 22.01.2020 laid down the detailed procedures for disposal of immovable enemy properties vested in the Custodian of Enemy
-2/...
-2-
LS.US.Q.NO.3801 FOR 17.03.2020
Property for India (CEPI). The details are given in Annexure-II. Several Committees including the Alternative Mechanism consisting of Home Minister, Finance Minister and Minister of Road Transport and Highways have been set up by the aforesaid orders.
(d): Vesting of an enemy property is an ongoing process as new properties are taken up for vesting after their identification and the properties so vested are taken up for disposal thereafter. The disposal is subject to market processes and judicial interventions. Therefore, no time limit has been fixed for disposal of enemy properties.