Details of land parcel from CPSEs for asset monetisation sought

New Delhi: The Finance Ministry has written to all ministries asking them to seek details of land parcel from CPSEs under their administrative control for monetisation, according to sources.

The exercise is part of the government's efforts to meet disinvestment target of Rs 1.05 lakh crore for the current financial year.

The Department of Investment and Public Asset Management (DIPAM) has already empanelled 11 consultancy firms for monetising land and properties of central public sector enterprises (CPSEs), public sector undertakings (PSUs) and other government organisations.

The list of empanelled firms includes RITES Ltd, Boston Consulting Group, Anarock Property Consultants Pvt Ltd, Cushman & Wakefield and Feedback Infra Pvt Ltd.

DIPAM has asked all ministries and departments to get details from CPSEs under their administrative control of those land parcel for monetisation which are free from any encumbrances, litigation and encroachment, the sources said.

It also asked the ministries to seek board-approved monetisation plan of CPSEs for smooth sale.

According to the sources, the land parcel including that of enemy property and residential quarters could be sold by bunching up together or separately on a case-to-case basis.