The Enemy Property Act, 1968, is a crucial piece of legislation in India, particularly in the real estate sector. This article delves into the provisions, implications, and recent developments related to this act.
Enemy Property ActReal EstateIndiaLegal FrameworkProperty ManagementReal Estate MaharashtraFeb 03, 2025
The Enemy Property Act, 1968, is a law in India that deals with properties left behind by individuals or entities from countries that were at war with India. It provides mechanisms for identifying, acquiring, and managing these properties.
Any person who is a citizen of an enemy country or who has transferred property to a citizen of an enemy country can be declared an enemy under the act.
No, enemy properties cannot be transferred without the prior approval of the custodian appointed by the government.
The provisions of the act continue to apply even after the death of the original enemy. The Supreme Court has ruled that the enemy property status does not lapse upon the death of the original enemy.
The act has a significant impact on the real estate market as many properties acquired under the act remain unutilized or underutilized, leading to a loss of economic potential and strain on the market.
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