Valuation question holds up SPV for land, asset monetisation of PSUs

The government is still finalising the valuation at which such assets will be transferred to the SPV.

The launch of the special purpose vehicle (SPV) for monetising land and other surplus assets of public sector undertakings (PSUs) has been delayed as the government is yet to finalise the methodology to value land parcels while transferring them to the new entity.

The land SPV -- dubbed the National Land Monetisation Corporation -- will be able to rent, lease, and develop assets to monetise them. It may also be empowered to acquire and develop idle land assets of PSUs that can’t be sold; it may look at converting such land parcels into revenue-generating, financially-viable projects.

The government is still finalising the