MTNL, BSNL real estate assets worth over Rs970 crore on sale

Tribune News Service

New Delhi, November 20

The government set in motion its plans to monetise the real estate assets of state-run MTNL and BSNL at a reserve price of around Rs 970 crore.

BSNL’s properties located in four cities — Hyderabad, Chandigarh, Bhavnagar and Kolkata — have been posted for sale at a reserve price of around Rs 660 crore, according to documents uploaded on the Department of Investment and Public Asset Management (DIPAM) website. The invitation for bids is part of the government's plan announced last month to raise Rs 6 lakh crore under the National Monetisation Pipeline that envisages entrusting the private sector with operating a large number of state-owned assets, including highways, railways, stadiums and urban real estate.

e-auction on dec 14

• Properties of the BSNL located in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted for sale at a reserve price of around Rs660 crore
• The e-auction for MTNL assets will take place on December 14

The MTNL real estate is located at the posh Vasari Hill in Goregaon, Mumbai, with a reserve price of around Rs 310 crore. MTNL's 20 flats located in Oshiwara have also been put up for sale as part of the asset monetisation plan of the company. These include two units of one-room set, 17 units of one bedroom hall and kitchen and one unit of 2 BHK. Their reserve prices range between Rs 52.26 lakh and Rs 1.59 crore. The e-auction for MTNL assets will take place on December 14. Both MTNL and BSNL have been asked to identify and monetise assets worth Rs 37,500 crore by the end of next year.

Join Whatsapp Channel of The Tribune for latest updates.