Thiruvananthapuram: Cash-strapped national carrier Air India has put up for sale its real estate assets in 14 cities across the country as part of the Union government’s plan to repay part of the carrier’s debt.
Residential plots, buildings and apartments owned by Air India figure in the real estate assets, valued at crores, identified for sale in the select cities. The majority of the assets are in prime locations. Reserve price has been fixed for the assets and the Metal Scrap Trading Corporation (MSTC), a Miniratna company under the administrative control of the Union Ministry of Steel, has been appointed e-auctioneer.
Amritsar, Bhuj, Bengaluru, Chennai, Delhi, Gwalior, Hyderabad, Kolkata, Lonavala, Mangaluru, Mumbai, Nashik, Pune, and Thiruvananthapuram are the cities where the assets are up for sale, with Mumbai having the most, at six.
In Kerala, residential land of 24.79 acres at NCC Nagar, Housing Scheme, 1st Stage, in Thiruvananthapuram figures on the list.
The Air India and its subsidiaries have land and buildings at Vellayambalam, Mascot Square, and Chakka, near the Thiruvananthapuram international airport in the capital.
06/08/19 S Anil Radhakrishnan/The Hindu
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Residential plots, buildings and apartments owned by Air India figure in the real estate assets, valued at crores, identified for sale in the select cities. The majority of the assets are in prime locations. Reserve price has been fixed for the assets and the Metal Scrap Trading Corporation (MSTC), a Miniratna company under the administrative control of the Union Ministry of Steel, has been appointed e-auctioneer.
Amritsar, Bhuj, Bengaluru, Chennai, Delhi, Gwalior, Hyderabad, Kolkata, Lonavala, Mangaluru, Mumbai, Nashik, Pune, and Thiruvananthapuram are the cities where the assets are up for sale, with Mumbai having the most, at six.
In Kerala, residential land of 24.79 acres at NCC Nagar, Housing Scheme, 1st Stage, in Thiruvananthapuram figures on the list.
The Air India and its subsidiaries have land and buildings at Vellayambalam, Mascot Square, and Chakka, near the Thiruvananthapuram international airport in the capital.
06/08/19 S Anil Radhakrishnan/The Hindu
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