MTNL, BSNL and RINL Get Approval to Monetise ₹13,500 Crore Property Assets Across 6 Cities

The Department of Public Enterprises (DPE) has approved the monetisation of property assets held by MTNL, BSNL and Rashtriya Ispat Nigam (RINL), with an estimated value of ₹13,500 crore, as per The Economic Times news report. 

With the approval in place, NLMC can now begin the process of selling the properties. The ₹13,500 crore figure is estimated and may change once the assets are sold. 

23 Properties Across 6 Cities 

The portfolio has 23 land parcels in total, commercial and residential properties covering around 200 acres. The properties are spread across New Delhi, Mumbai, Bengaluru, Chennai, Goa, and Kolkata. 

NLMC has started the valuation process for the assets. The organisation is targeting monetisation of ₹7,500 crore by the end of the current financial year, with the remaining properties likely to be taken up in 2027-28. 

MTNL Properties in Delhi 

MTNL properties in several Delhi locations are among the assets included in the plan. These include Chanakyapuri, Hauz Khas, Vasant Vihar, and Netaji Nagar. 

Valuation work has already started for the Chanakyapuri, Hauz Khas, and Vasant Vihar properties. NLMC has appointed empanelled international property consultants and valuers registered with the Insolvency and Bankruptcy Board of India (IBBI) for the exercise. 

Sales Planned in Phases 

The government plans to complete at least half of the proposed sales during the current financial year. The rest could extend into the following financial year, depending on the progress of the transactions. 

Officials have said the department is seeking the highest possible value for the properties. Many of the BSNL and MTNL assets are in prime locations, which could affect the amounts received when they are sold. The sales will proceed after the valuation. 

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Conclusion 

The approved portfolio includes 23 properties spread across about 200 acres in six cities. NLMC has started valuation work on the assets before they are brought to the market. The government expects at least half of the planned sales to be completed this financial year. 

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