Follow us on
Welcome Guest! You are here: Home » National
Waqf properties to be used for commercial projects
Monday September 8, 2014 11:16 PM, IANS

The National Waqf Development Corporation (NAWADCO) has identified several properties which are being considered for institutional and commercial projects, Minority Affairs Minister Najma Heptualla said Monday.

Najma on Waqf
[Union Minister for Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs M. Venkaiah Naidu and Union Minister for Minority Affairs Dr. Najma A. Heptulla witnessing the signing of an MoU between the National “Building Construction Corporation (NBCC) and National Waqf Development Corporation (NAWADCO), in New Delhi on September 08, 2014.]

"NAWADCO has identified several waqf properties including one in Delhi, two in Rajasthan, six in Madhya Pradesh and seven in Karnataka, which shall be undertaken for development as institutional and commercial projects," Heptulla said at the signing of a memorandum of understanding (MoU) between NAWADCO and the National Building Construction Corporation (NBCC).

Under the MoU, properties lying vacant will be taken up for easy and early development, said a statement from the minority affairs ministry.

Urban Development Minister M. Venkaiah Naidu, who was also present during the signing of the MoU, said the initiative would contribute immensely for the socio-economic development of minorities.

India has the largest number of Waqf properties in the world. There are more than 4.9 lakh registered Auqaf (waqf properties) and the current annual income from these properties is about Rs.163 crore.

Share this page
Note: By posting your comments here you agree to the terms and conditions of
comments powered by Disqus
| Quick links
Contact us
Subscribe to: RSS » Facebook » Twitter » Newsletter Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.
© 2012 Awaz Multimedia & Publications. All rights reserved.