MTNL, BSNL and RINL's Rs 13,500 crore worth of realty assets to hit markets

The Department of Public Enterprises (DPE) has given its final approval on monetising property worth Rs 13,500 crore, clearing the way for the National Land Monetisation Corp (NLMC) to take a clutch of high-value properties of MTNL, BSNL and Rashtriya Ispat Nigam (RINL) to the market, people aware of the development said.

The programme will include 23 prime land parcels, commercial and residential complexes spread across about 200 acres in New Delhi, Mumbai, Bengaluru, Chennai, Goa and Kolkata. Officials added that the Rs 13,500 crore figure is an estimated value and actual realisation may be higher.

NLMC has already initiated valuation exercises for the properties and aims to monetise Rs 7,500 crore by the end of this fiscal, while rest of it may spill over to the next financial year 2027-28, they said.


“Monetisation is high on priority and we are intending to conclude at least half of the sales by the end of this fiscal and some of them may conclude next year,” a senior official told ET.

The official added that the department aims to get maximum valuation for it.

“Most of BSNL and MTNL properties on the list are at prime locations and the Centre expects to get a good premium above the market price,” the official added.

The key properties include MTNL parcels in Chanakyapuri, Hauz Khas, Vasant Vihar and Netaji Nagar in Delhi. NLMC has already initiated valuation exercises for the Chanakyapuri, Hauz Khas and Vasant Vihar properties through empanelled international property consultants and IBBI-registered valuers.

Prime Land Parcels

Apart from that, there are BSNL properties at Santacruz West in Mumbai, Madhyamgram, near the Kolkata airport, and several locations in Hyderabad. Also there is a 45.58-acre BSNL land parcel at Goa’s Bambolim, which is famous for several celebrity homes. Land parcels include 12.89 acres of BSNL’s Telecom Factory property in Alipore, one of the Kolkata’s top residential areas that’s home to several billionaires,

Land parcels also include 21.98 acres of BSNL’s Regional Telecom Training Centre at Gachibowli in Hyderabad.

The NLMC also got nod to monetise 44.03 acres of ITI land at KR Puram in Bengaluru and 18.17 acres of RINL land at HB Colony, Maddilapalem in Visakhapatnam. Apart from that there are smaller housing complexes.

Earlier, NLMC successfully auctioned RINL’s non-core properties in Visakhapatnam in March 2024 fetched Rs 242.88 crore, 15.9% above the reserve price. It subsequently facilitated a Rs 226-crore transaction involving a BSNL property in Lucknow.

The move comes as the Centre seeks to strengthen non-debt capital receipts alongside its tax revenues while maintaining fiscal consolidation. The FY27 Budget has pegged the fiscal deficit at 4.3% of GDP and budgeted Rs 84,000 crore of non-debt capital receipts. Proceeds from government asset monetisation are classified as non-debt capital receipts.