Govt to seek approval from Cabinet to set up a land bank company

DIPAM finalises structure of the company that will sell land parcels of govt departments and PSUs

The government will soon move a cabinet note to set up a land bank company that will take over land parcels of public sector undertakings.
 
The Department of Investment and Public Asset Management (DIPAM) has finalised the structure of the company that will be tasked with selling land parcels —including those stuck in litigation —owned by government departments and public sector companies.
 
“Structuring has been finalised, and some fine-tuning is needed before sending the proposal to the cabinet,” said a top government official.
 
Soon, the proposal will be placed before the Cabinet Committee on Economic Affairs for