Spoils of War

Amendments to the Enemy Property Act, 1968, were passed in March 2017, to ensure that properties of those who fled India for Pakistan or China after Partition and the 1962 and 1965 wars cannot be claimed by their heirs. Several thousand such properties are now up for auction. Revenues generated from both movable and immovable enemy properties are, to date, a pittance. But some critics are asking if the amendments will scare off Chinese investors, wary of a hostile government.

9,280

Enemy properties up for auction, over 11,882 acres. Of these, 149 are owned by those who took Chinese citizenship

` 1,04,340 CR

The estimated value of these immovable properties

`38 LAKH

Worth of gold and jewellery among movable enemy properties

`5.06 CR

Revenues from movable/ immovable enemy property from 2014 to 2017

266

Listed companies, in which shares worth Rs 2,610 cr (as on March 31, 2015) were held by people who moved to Pakistan or China

4,991

Immovable enemy properties in Uttar Pradesh followed by 2,735 in West Bengal

`15.2 CR

Value of just 20 enemy properties up for auction in Karnataka