Sale Bids Begin for MTNL’s Mumbai, Delhi Properties
The government has kick-started the process of selling 20 properties of state-owned in Mumbai, apart from seeking bids for a 1.4-acre residential plot at Vasari Hills in Goregaon, which has a reserve price of Rs 270 crore. High-level meetings have also been held between officials of the housing & urban affairs ministry and the department of telecom (DoT) for various relaxations/exemptions from Delhi Development Authority (DDA). The discussions have been undertaken with the respective local authorities to relax the floor space index (FSI) of BSNL/MTNL sites to enhance profit margins before the sale of the properties. The department of investment and public asset management has invited bids on the MSTC portal for six properties of MTNL and BSNL as efforts to kick-start the non-core asset monetisation programme of the two state-run firms get under way. The auction process is expected to be completed by the end of March. An expression of interest is being invited for the Vasari Hills plot, which can be used for residential purposes. JLL Property Consultants is overseeing the process. Apart from this, there are around 20 flats at which are also being sold, and the process is being handled by India. With regards to BSNL, properties have been identified at Bhavnagar in Gujarat (handled by Knight Frank), Hyderabad in Telangana (CBRE South Asia), in West Bengal (Cushman and Wakefield), and Rajpura in Punjab (JLL Property Consultants).
Tags : News/Views Delhi Development Authority properties Government BSNL MTNL Bids DoT Housing & Urban Affairs Ministry Department of Telecom