, ,

The committee appointed by the government to recommend the policy of creating a land bank of the surplus land of the PSUs is in its last phase. The recommendations are expected to be submitted in a few weeks.The proposal is to sell the surplus land available with the PSUs. The corporates have been putting much pressure onthe government to get these lands in the centre of the cities for real estate and for construction of big hotels and other business buildings.

Though the committee is expected to recommend to utilise these spaces for government departments, the main intention is only to sell it to the corporates. Already the buildings and land of the closed PSUs are under sale.