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The government has launched the monetisation of BSNL's prime land assets, starting with 8.7 acres across Ernakulam, Mangaluru, Hyderabad, and Bengaluru, aiming to boost the telecom firm's revival. Valuation proposals from top consultants are due by May 7. Following BSNL's return to profit after 18 years, the DoT targets INR 35,558 crore from land sales by FY27. High-demand locations like Banjara Hills and Outer Ring Road are expected to attract strong investor interest. Proceeds will help reduce BSNL's debt and fund employee welfare. The move is also set to unlock urban land for new real estate and infrastructure development in key cities.
The government has initiated the monetisation of Bharat Sanchar Nigam Ltd's (BSNL) prime land assets, marking a key step to generate additional revenue for the telecom firm's revival. The Department of Telecommunications (DoT) has asked empanelled international property consultants to submit valuation proposals by May 7, starting with BSNL's high-value land holdings in the southern part of the country. Advertisement
In its first phase, BSNL aims to monetise about 8.7 acres of freehold land across Ernakulam, Mangaluru, Hyderabad, and Bengaluru. These locations include some of the fastest-growing real estate markets, making the parcels highly attractive to developers, investors, and fund houses seeking commercial and residential development opportunities.
The move comes after BSNL reported a profit of INR 262 crore for FY25, its first return to profitability since 2007. For FY27, the DoT has set an ambitious target to monetise land assets worth INR 35,558 crore, aiming to build on the recent operational revival of the company.
The land parcels identified are located in strategic areas across several key cities. In Ernakulam, the parcel covers 12,792 square metres, offering substantial space. Mangaluru has a parcel measuring 11,331.2 square metres, while Hyderabad's Banjara Hills location encompasses 4,554 square metres. Kozhikode features a land parcel of 4,420.9 square metres, and Bengaluru's identified parcel measures 2,694.4 square metres. These locations have been chosen for their strategic importance and potential.
Consultants including CBRE, Cushman & Wakefield, Colliers, and Knight Frank India have been approached to carry out detailed valuation exercises. The process will involve assessing the current marketability, potential usage (residential, commercial, or mixed-use), and expected future appreciation of the plots.
Experts believe that the monetisation process could significantly boost real estate activity, especially in areas like Banjara Hills in Hyderabad and Outer Ring Road in Bengaluru, where demand for commercial and premium residential spaces continues to soar. Given the limited supply of freehold prime land in these cities, the BSNL parcels could command high bidding interest.
BSNL has also proposed using a portion of the proceeds to fund its employee welfare programs and reduce operational debts. Notably, the company plans to unlock further value by speeding up land monetisation efforts delayed over the past few years due to valuation and regulatory hurdles.
The government hopes this initiative will not only strengthen BSNL's finances but also unlock large tracts of underutilised urban land for the private sector, potentially triggering new real estate projects and infrastructure developments in key southern cities.
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