BSNL and MTNL prioritise governmnent Organsiations fpr Land worth rs 1 lakh crore 

State-run telcos Bharat Sanchar Nigam Ltd (BSNL) https://www.bsnl.co.in/ and Mahanagar Telephone Nigam Ltd (MTNL) https://mtnlmumbai.in/index.php/enterprise/data-solutions/msits-data-center-chennai have decided to give preferences to government organisations, both in states and at the Centre, in selling their land assests worth over Rs 1 lakh crore. The sale to government organisations is clean and smooth and does not have unncessary litigation. BSNL has raised Rs 1600 crore through sale of properties to government department as well as private entiies. The company plans to raise Rs 20,000 crore in 4-5 years through land monetisation. Property consultants view the monetization of BSNL and MTNL land and properties in key cities of India as a strategic opportunity in the current realty market. Post-pandemic, all major commercial and residential property markets including Mumabi, Bengaluru,Delhi and Hyderabad have witnessing. BSNL and MTNL properties are located in prime areas with significant commercial and residential potential. The strategic location of these properties add considerable value, making them highly sought after. Land monetisation is one key area for reviving the ailing telecom firms. The government is making all efforts to improve the loss-making telcos’ operations. In 2019, a revival package worth around Rs 69,021 crore was provided to BSNL and MTNL that brought down their operating costs. In addition, the union cabinet in June 2023 approved the allotment of 4G/5G spectrum to BSNL with the total outlay of around Rs 89,047 crore through equity infusion.
 

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