BSNL to Sell Prime Land in Mangaluru ₹39 Crore Reserve Price

BSNL is set to monetise valuable land parcels in Mangaluru, aiming to raise ₹39 crore. The state-run telecom operator has identified prime locations for this initiative.

The parcels, situated in strategic areas of Mangaluru, are expected to attract significant interest from potential buyers. The monetisation plan is part of BSNL's broader strategy to leverage its extensive real estate holdings.

Interested parties will have the opportunity to bid for these parcels through a structured tender process. The move is seen as a way for BSNL to bolster its financial position and reinvest in its core telecom operations.

Officials from BSNL have indicated that the reserve price for the land parcels is set at ₹39 crore, reflecting the prime nature of the real estate. The telecom giant expects robust participation in the tender, given the lucrative potential of the properties.

News by Rahul Yelligetti