The Department of Telecommunications (DoT) has identified around 600 land parcels and buildings owned by Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) for outright sale to government departments, public sector undertakings (PSUs), and government organisations.
Through land monetisation, DoT is looking to reduce the debt of both the telcos. These properties could fetch the government over Rs 200 billion.
In a communication dated May 21, 2024, Neeraj Mittal, secretary (T), DoT, informed that BSNL has created a website listing all the land parcels and buildings up for outright sale across the country.
The government has earmarked over hundred properties of MTNL for direct sale through an auction process. These include 48 properties in Delhi and 52 in Maharashtra. Prominent among them are properties in Connaught Place (New Delhi), MTNL telephone house in Prabhadevi (Mumbai), and Telephone Bhavan in Colaba (Mumbai). Additional properties are situated in Powai, Andheri, Bandra, Mulund, Vashi, and Worli in Mumbai.
Furthermore, more than 530 buildings/land parcels have been identified in other states across the country.
