Air India puts seven of its flats in Mumbai up for auction

The cash-strapped national carrier Air India has put seven flats in various parts of Mumbai up for sale. The cost of these flats is estimated to be at Rs 42 crore.

According to the Hindu, the flats are located at Cuffe Parade, Prabhadevi, Bandra, and Santacruz. These seven flats of the national carrier are priced between Rs 3 crore and Rs 10 crore. The online-bidding of these flats is being conducted by the State-run MSTC India. While the properties were put up for sale earlier too, but after no buyer came forward, the Air India is holding the auction again. The bids for these seven flats opened on January 9 and the closing date for bids is January 30.

The loss-making carrier has put its flats in posh locations which include a 3BHK flat in Venus Apartment, Cuffe Parade, priced at Rs 7.32 crore, and one flat in Cozihome Co-operative Housing Society, Bandra, at Rs 10.36 crore. The Prabhadevi property measuring 1,385 square feet is located in Twin Towers which has been reserved for a price of Rs 7 crore. The list also includes a 3BHK flat at Nav Vidhya Lakshmi, Mahim, which has been priced at Rs 3.12 crore. Another 3BHK, for which the reserve price is Rs 5.15 crore, a 2BHK flat for Rs 4.28 crore and another 2BHK for Rs 4.88 crore in a building named Sachin Da Strains, Khar are also up for grabs.

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