Now Reading: Centre to auction enemy properties in UP, no lease renewals
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Centre to auction enemy properties in UP, no lease renewals
The Union Home Ministry has directed that no lease or tenancy of enemy property be renewed after expiry, with authorities to take possession and auction the assets. Occupants with valid contracts must…
The Story in Brief
The Union Home Ministry has directed that no lease or tenancy of enemy property be renewed after expiry, with authorities to take possession and auction the assets. Occupants with valid contracts must vacate after expiry; those illegally occupying property get 15 days to leave or face eviction.
There are about 5,600 enemy properties in Uttar Pradesh and Uttarakhand. In Lucknow alone, Halwasiya Market pays Rs 700 monthly rent for 10,000 sq m, and Kohli Brothers pays Rs 250 for 400 sq m. The Custodian of Enemy Property for India has written to district magistrates to enforce the order.
The Indian Opinion
The Rs 700 monthly rent on a Lucknow market plot is so low it mocks the idea of 'market value.' Yet the government has owned these properties for decades and only now acts. The test will be whether auction reserves are set honestly, not so high that no one bids, letting sympathetic occupants stay. Who decides the starting price?
Source: indiatoday.in
This story was synthesised by AI from the source linked above.
