Air India puts real estate assets on the block, invite bidders

Jun 19 2021 11:42 AM
Air India puts real estate assets on the block, invite bidders

New Delhi: Air India, a state-owned airline on the path of disinvestment, is set to sell its commercial and residential properties in different parts of the country. Through this, Air India is considering to raise Rs.200 to Rs.300 crores. In fact, Air India has invited bids for its properties, including its flats and plots.

As per the information furnished by the company, Air India has invited e-auction bids to sell its properties across the country through MSTC. It has a residential plot and a flat in Mumbai, five flats in New Delhi, a residential plot in Bengaluru and four flats in Kolkata, which have been kept for sale. According to reports, the sale includes a booking office and staff quarter in Aurangabad, a residential plot with airline house in Bhuj, six flats in Nashik, booking office in Nagpur and a residential plot in Thiruvananthapuram and two flats in Mangaluru.

A senior official informed that "We expect the auction of these properties to fetch Air India Assets Holding Limited (AIAHL) around Rs 200-300 crore. Bids will open on July 8 and close on July 9. The Central Government is in the process of laying down the final roadmap for disinvestment of loss making Air India.

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