Govt to cash in on defence land, treat transactions as capital receipts

The lack of consistency of data on these land parcels reveals the risk government runs in administering them

In a marked shift in the way land belonging to the defence ministry is used, it has been decided that transactions in defence lands will be treated as capital receipts. Also, in order to cash in on the value of the real estate held by the defence ministry in metros and big towns, shops located on its land will be made to pay rents at market rates from now on.
 

Both the finance and defence ministries have approved these proposals, which are part of a report filed by a committee set up by the ministry of defence to examine the