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BSNL Begins Land Monetisation

Infra News - Published on Tue, 16 Jul 2019

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IANS reported that public sector Bharat Sanchar Nigam Ltd is in the process identifying land parcels all over the country for monetisation, which as per its internal estimate is valued at INR 20,000 crore in 2018-19. The state-run telecom major's corporate office has circulated a list of land parcels which are proposed for monetisation through the Department of Investment and Public Asset Management in the first instance. Time-bound monetisation of land assets, mobile towers and fibre networks will help BSNL earn some money in these tough times of falling revenues and rising losses.

The total area of land parcels, which are spread across the country and have in-built structures, buildings and factories, is 32.77 lakh square metres and the spareable land parcel is 31.97 lakh sq m. The fair value of spareable parcel as on April 1, 2015, is INR 17,397 crore and the estimated present fair value of these lands is INR 20,296 crore. The enhancement in valuation is based on cost infltaion index for FY 2014-15 as 240 and FY 2018-19 as 280. 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 tem lease by the government. The cost of buildings has not been included in the Fair Value of land parcels."

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Posted By : Mohan Sharma on Tue, 16 Jul 2019
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