(1) Any property, mortgaged with an evacuee and declared as evacuee property, alloted to a displaced person under valid orders, but redeemed by the mortgagor under any law for the time being in force, shall continue to remain in possession with such person on the same conditions on which he held it before the date of redemption.
(2) Where any property mentioned in sub-section (1) is redeemed by the owner (mortgagor) thereof, it shall be lawful for the Government notwithstanding anything in this Act, to—
(a) transfer to the owner, in lieu of the property, any immovable property belonging to the Government having the same value ; or
(b) acquire such property by publishing a notification in the 1[Official Gazette] to the effect that the Government has decided to acquire such land in pursuance of this section.
(3) The provisions of section 14-B of this Act shall apply mutatismutandis in relation to payment of compensation and interest thereon.]
(2) Where any property mentioned in sub-section (1) is redeemed by the owner (mortgagor) thereof, it shall be lawful for the Government notwithstanding anything in this Act, to—
(a) transfer to the owner, in lieu of the property, any immovable property belonging to the Government having the same value ; or
(b) acquire such property by publishing a notification in the 1[Official Gazette] to the effect that the Government has decided to acquire such land in pursuance of this section.
(3) The provisions of section 14-B of this Act shall apply mutatismutandis in relation to payment of compensation and interest thereon.]
Source footnotes
1. Substituted for “Government Gazette” by S.O. 3808 (E) dated 26.10.2020.* Section 14-B and 14-C inserted by Act XIX of 1987, s. 5.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Act to override other laws.Section 3-A · Appointment of Custodian General and Deputy Custodian General.Section 4 · Custodians and their rights, powers, duties and liabilities, appointment of Custodians, etc.Section 4-A · Appointment of staff.Section 4-B · Powers of the Minister Incharge to make transfers.Section 5 · Vesting of evacuee property in the Custodian.India Code, Government of India. Text fetched 15 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.