Air India to sell properties in Mumbai, Delhi, Kolkata, Bengaluru

Air India to sell properties in Mumbai, Delhi, Kolkata, Bengaluru

AgenciesUpdated: Friday, June 18, 2021, 09:43 PM IST
article-image
Air india / representational image | Pixabay

Air India has put several of its real estate properties across the country up for sale and has sought e-auction bids from interested parties.

The national carrier which is up for divestment, has invited bids through MSTC.

The properties put on the block include five units at Asian Games Village Complex in New Delhi, four units of 2BHK flats at Sohini Apartments, 18/2A-1 Udai Shankar Sarani, Golf Green in Kolkata.

The Mumbai properties up for sale include a residential plot with 14 flats of built-up area of around 2,030 square metre at Pali Hill, Bandra (W). The other property is a 3 BHK flat and two units of 2 BHK flats, Sachin D Strains, Gazdar scheme, Santacruz (W).

The 14 properties up for sale include assets in Nagpur, Thiruvananthapuram, Bengaluru, Bhuj and Aurangabad.

The bid starts on July 8 and closes July 9 for all the properties.

The property in Bengaluru for which the national carrier has sought bids is a residential plot number 3, area 5,934 square metre, KHB Layout, Gangamuthanhalli Village, Devanhalli Taluk.

The airline which has been running in losses is already up for sale, however, the disinvestment process has been significantly delayed due to lack of interest among investors in the initial stage along with the impact of the pandemic.

RECENT STORIES

India's Public Sector Banks Post Record ₹52,603 Crore Profit In Q3 FY26, Led By SBI
India's Public Sector Banks Post Record ₹52,603 Crore Profit In Q3 FY26, Led By SBI
India's GDP Likely To Grow 6.4% In Fy27, Fastest Among G20 Economies: Report
India's GDP Likely To Grow 6.4% In Fy27, Fastest Among G20 Economies: Report
Mazagon Dock Q3 FY26 Profit Rises 8.7% To ₹878 Crore, Revenue Climbs 14.6% To ₹3,601 Crore
Mazagon Dock Q3 FY26 Profit Rises 8.7% To ₹878 Crore, Revenue Climbs 14.6% To ₹3,601 Crore
Trident Q3 FY26 Net Profit Stands At ₹442 Crore, Revenue At ₹15,745 Crore
Trident Q3 FY26 Net Profit Stands At ₹442 Crore, Revenue At ₹15,745 Crore
Market Holds Early Gains, Sensex Jumps 485 Points To 84,066 As Nifty Reclaims 25,800 On Broad Buying
Market Holds Early Gains, Sensex Jumps 485 Points To 84,066 As Nifty Reclaims 25,800 On Broad Buying