The Government of India has announced the e-auction of 40 enemy properties, including high-value real estate in Mumbai, under the Enemy Property Act, 1968 (as amended). The auction, scheduled for February 13, 2025, will be conducted through MSTC India Ltd.
Legal Basis for the Auction
As per Section 8A of the Enemy Property Act, 1968 (amended in 2017), the Custodian of Enemy Property for India (CEPI) is authorized to dispose of such properties with prior approval from the Central Government. These properties were vested in the custodian before the 2017 amendment and are now being put up for sale.
E-Auction Details
- Notice Period: January 23, 2025 – February 12, 2025
- Auction Date: February 13, 2025
- Conducting Authority: MSTC India Ltd
- Auction Process: The properties will be auctioned online, with bidding terms and conditions available on the MSTC website.
Key Properties on Sale
The auction features properties across multiple states, including Maharashtra, Tamil Nadu, West Bengal, and Uttar Pradesh. Among the most notable listings are two prime Mumbai properties in Naples Co-operative Group Housing Society, Colaba, with starting prices of ₹7.3 crore and ₹10.9 crore.
Other significant properties include:
- Chennai, Tamil Nadu: Listings in Sembiam Village and VoC Nagar, valued between ₹2 crore and ₹9 crore.
- Kolkata, West Bengal: A property on Bondel Road, priced at ₹2.26 crore.
- Ayodhya, Uttar Pradesh: Several plots in Rudauli and surrounding areas, with values ranging from ₹9 lakh to ₹39 lakh.
A total of 40 properties will be auctioned, with values ranging from a few lakhs to over ₹10 crore.
Government’s Objective
The auction is part of the government’s initiative to monetize enemy properties and bring them into productive use. To ensure transparency, advertisements will be placed in local newspapers, and notices will be displayed at the auction sites.
How to Participate
Interested bidders can visit the official MSTC websites for detailed auction terms and registration:
With high-value properties up for grabs, the auction presents a rare opportunity for investors and buyers looking to acquire premium real estate assets across India.
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