India, Feb. 4 -- The Government of India has issued a release:
The disposal/monetisation of Enemy Properties is done in accordance with the provisions of the Enemy Property Act, 1968 and the rules and guidelines framed therein, namely;
Before the disposal/monetisation of the Enemy Properties, the valuation of immovable Enemy Properties is done by a Valuation Committee under the chairmanship of the District Magistrate of the district, where the property is situated. For Enemy Properties valued more than one crore, market valuation is also done through empanelled valuer. The valuation reports are placed by the Custodian of Enemy Property for India (CEPI) before the Enemy Property Disposal Committee, which gives its recommendations to t...