National Waqf Development Corporation Limited

(Established under the Aegis of Ministry of Minority Affairs, Government of India)

Unleashing the power of Waqf

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Introduction


India has the largest Waqf land in the world. As per estimation by Sachar Committee Report, 2006 there are about 4.9 lakh registered Waqf properties comprising of about 6 lakh acres of land. Approximate market value of these properties is Rs. 1.20 lakh crore. Most of these properties are situated at urban locations and have the potential of generating an annual income of Rs. 12,000 crore (as per data available in 2006) i.e. at 10% return on market value, if these properties are developed and managed properly. The surplus annual income from these properties would be used for welfare of the people in the Community. 

To facilitate development of Waqf Properties, National Waqf Development Corporation Limited (NAWADCO), was established with an authorized capital of Rs. 500 crore. This Corporation is under the aegis of the Ministry of Minority Affairs (MoMA) and registered under the Companies Act, 1956. The mandate is to develop invaluable Waqf properties across India and to enhance the income of State Waqf Boards/ Waqf Institutions for socio-economic empowerment of minorities.


Hon’ble Minister of State(Independent Charge)

Shri Mukhtar Abbas Naqvi

LATEST NEWS
  • List of Transaction Advisers empanelled on 6th April, 2017

    1. Knight Frank India Private Limited

    2. Jones Lang LaSalle Property Consultants (I) Pvt. Ltd.

    3. Darashaw & Company Pvt. Ltd..

    4. Deloitte Touche Tohmatsu India LLP

    5. PricewaterhouseCoopers Private Ltd.

    6. CBRE South Asia Private Limited

    WAY FORWARD TO DEVELOP WAQF PROPERTIES ACROSS INDIA

    NAWADCO has initiated process to get the feasibility study of identified Waqf Properties of seven State Waqf Boards i.e. Rajasthan, Haryana, Andhra Pradesh, Bihar, Maharashtra, Tamilnadu and Delhi to assess potentiality of the Waqf Land Parcels by placing order on internationally reputed real estate expert agency,  M/s JLL Property Consultants (India) Private Limited vide LOA Dated 28.02.2017.

    Click here to view and download

    The Minister of State for Minority Affairs (Independent Charge) and Parliamentary Affairs, Shri Mukhtar Abbas Naqvi addressed the All India Conference of Chairpersons and Chief Executive Officers of State/UT Waqf Board, in New Delhi on January 07, 2017.

     

MEDIA SECTION

The Minister of State for Minority Affairs (Independent Charge) and Parliamentary Affairs, Shri Mukhtar Abbas Naqvi addressing at the inauguration of the Annual Conference of State Minorities Commission, organised by the National Commission for Minorities, in New Delhi on January 17, 2017

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