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Canada firm may be roped in to advise land special purpose vehicle

The government has been trying to replicate the Canadian model for National Land Monetisation Corporation

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The Cabinet will soon take up the proposal to set up National Land Monetisation Corporation under the Companies Act

Nikunj Ohri New Delhi
The government is looking to bring Canada Lands Company on board to assist in the operations of the soon-to-be incorporated special purpose vehicle (SPV) that would monetise idle land assets of public sector undertakings (PSUs) and government departments.

Canada Lands Company, a self-financing federal government entity in Canada, specialises in real estate and managing tourist destinations.

The government has been trying to replicate the Canadian model for its land SPV -- National Land Monetisation Corporation -- that would house sectoral experts to turn around idle land parcels by leasing, selling or even developing them, including those marred by litigation.

“The Canada Lands Company

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First Published: Oct 26 2021 | 6:07 AM IST

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