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BSNL commences monetisation of land parcels all over India

Friday, 12 Jul 2019
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Bharat Sanchar Nigam (BSNL) is in the process identifying land parcels all over the country for monetisation, which as per its internal estimate is valued at Rs 20,000 crore in 2018-19.

The land parcels are proposed for monetisation through the Department of Investment and Public Asset Management (DIPAM) in the first instance. The total area of land parcels, which are spread across the country and have in-built structures, buildings and factories, is 32.77 lakh sq mtr and the spareable land parcel is 31.97 lakh sq mtr

The valution of these land parcels is proposed to be done along with the structures lying in the parcel after the in-principle approval for sale or long term lease by the government.

The cost of buildings has not been included in the Fair Value of land parcels. BSNL telecom factories at Mumbai, Kolkata, West Bengal, Ghaziabad, Jabalpur and wireless stations, as well as other offices and staff colonies have been included in the list of land parcels to be monetised. Some of these parcels are mutated, while some are not, and the status of some of these parcels are freehold and some are on leasehold.

 
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