Lok Sabha Question No. 221 (STARRED), answered on 2018-12-27
Subject: Sale of Air India Land
Ministry: CIVIL AVIATION
Asked by: T.G. VENKATESH BABU

## GOVERNMENT OF INDIA

## MINISTRY OF CIVIL AVIATION LOK SABHA STARRED QUESTIQN NO. : 221

(To be answered on the December 2018) 27th

## SALE OF AIR INDIA LAND

## *221 SHRI VENKA TESH BABU TG.

## Will the Minister of CIVIL AVATION

be pleased to state:-

- (a) whether the Air India is having huge tracts of unutilized land at various cities in the country;
- (c) whether the Air India has proposed to sell its unutilized land including prime land;
- (d) if s0, the details thereof and the amount of revenue likely to be generated therefrom; and
- (e) the steps taken to overcome the public carrier from debt trap?

## ANSWER

Minister of State in the Ministry of CIVIL AVIA TION

(Shri Jayant Sinha)

STATEMENT IM REPLY TO PARTS (a) TO (e) OF LOK SABHA STARRED QUESTION N0.221 TO BE ANSWERED ON 27.12.2018 REGARDIN& SALE OF AIR INDIA LAND TABLED BY SHRI VENKATESH BABU T.G., MP

- (a) & (b): Air India possesses 30 un-utilised tracts of land, details of which are at Annexure.
- (c) & (d): The Cabinet Committee of Economic Affairs (CCEA) had approved Turn Around Plan (TAP) and Financial Restructure Plan (FRP) of Air India on 12th April 2012 which, inter-alia, includes the monetization of Real Estate Assets in Air India to the tune of Rs.500O crore over a 10 years period with the annual target of Rs.50O crore from the financial year 2013 onward.

Air India has planned to monetize its unutilised/surplus immovable real estate assets over the mext few years: Till date, Air India has realized an amount of Rs.410 crore through saie Of its non-core assets in various cities in India and abroad. Air India has also realized & rental income of Rs.314 crore approx: Further; amount Of revenue likely to be generated fron monetisation of land/properties depends on the bid process and subject to No Objection Certificates (NOCs) from concerned authorities.

- (e): The Government has prepared a Revival Plan of Air India which focuses on building 4 competitive and profitable airline group. The Revival Plan comprises several major elements including:
- 4 comprehensive financial package; as approved by Government of India this includes transferring non-core debt and assets to & SPV
- (ii) Higher levels of operational efficiency by strengthening management and implementing best practice business processes
- (iii) Robust organizational and governance reforms to be implemented by an eminent Board
- (iv) Differentiated business strategies for each Air India's core businesses
- (v) World-class HR practices to ensure a talented and motivated workforce and
- (vi) Sale of non-core estate assets and strategic disinvestment of subsidiaries such 2s Air India Air Transport Services Ltd. real

## ANNEXURE

| No.   | Description/Location                                                                                                          | Area (in   |
|-------|-------------------------------------------------------------------------------------------------------------------------------|------------|
| 1_    | AI Plot of land at Baba Kharak Singh New Delhi Margz                                                                          | 14326*     |
| 2     | Residential Plot at Gurgaon                                                                                                   | 420        |
|       | Commercial Land at Rail Head Complex, Rakh Bahu, Residency_Rd Jammu                                                           | 1518       |
| 4_    | Residential Land at Sector-3, Trikuta Jammu Nagat;                                                                            | 1138       |
| 5_    | Land for Housing colony (13 Flats) Vidyadhat Housing Colony, Khasra No.16C & 17K SADA Khajuraho                               | 8094       |
| 6_    | Residential Land for Housing Colony 8, Hyderpura Bye Pass West Distt:_ Srinagar Badgam;                                       | 9861       |
|       | Land for Booking Office, Neat Bus Stand, Behind Telephone Exchange,_Khajuraho                                                 | 2090       |
| 8     | Commercial Land for Booking Office at Indira Nagar; Bengaluru                                                                 | 804        |
| 9_    | Land for office premises at Udaygiri,Bengaluru                                                                                | 25617      |
| 10.   | Land for Housing Colony at Gangamuthanahalli,Bengaluru                                                                        | 5827       |
| 11.   | Land for Housing Colony at NCC Nagat; Thiruvananthapuram                                                                      |            |
| 12    | Residential Plot at Krishnaswamy Nagat, Pankaja Mills Road, Sowripalayam Ramanathapuram, Coimbatore; Tamilnadu Village,       | 4024       |
| 13    | Vacant Land at Plot No. 1 & 4 undet Patta No_ 180, Mouza Dibrugarh Town; Gabherupathar Sub-District__Dibrugarh__(Assam) Dag   | 3519       |
| 14.   | Commercial Vacant Land at B 6 of No_ 414, Tourist Lodge Compound, Kohima Road, near Super Market; Dimaput Dag                 | 1038       |
| 15.   | Vacant Residential Land at No. 487, Village Borjhar, Mouza Kakhin Rani under Palasbari Circle, Guwahati (Assam) Dag           | 1405       |
| 16.   | Residential Plot for Staff Quarters at Khaikhali,_Kolkata                                                                     | 10684      |
| 17.   | Commercial Land at Plot nos  951,953 & 954, Watd No. 1, Street No_ 46, Revenue Muharrampur; East Gandhi Maidan, Patna Village | 566        |
| 18    | Land for Quarters at Sardar Nagat, Site No.1 Vibhag-1, Hansol, Neat Indira Ahmedabad staff Bridges                            | 16000      |

| 19_   | Land & Building fof Booking Office, Airlines House, Station Road, Near SBI,                 | 399    |
|-------|---------------------------------------------------------------------------------------------|--------|
| 20.   |                                                                                             | 2500   |
| 21 _  | Commercial Land for Booking office at Jamnagat                                              | 1000   |
| 22_   | 06 Residential Plots,_Charkop__Kandivali,Mumbai                                             |        |
|       | Residential Plot No.24, Sector 27, CIDCO, Nerul, Navi Mumbai                                | 100021 |
| 24.   | Residential Plot No.2, Sector 27 CIDCO, Nerul, Navi Mumbai                                  | 69973  |
| 25.   | Land for Booking Offce at Angels Chamber, Dheber Road, Rajkot                               | 1076   |
| 26.   | Residential Plot n0-43,44 78 & 79 Nana Mava; Rajkot Village                                 | 1331   |
| 27_   | Land for Booking Office, TP. Scheme No.9_ Plot No.1, Vadodra                                | 2000   |
| 28.   | Land for Staff Qtrs , Plot no. 8,9,10, Survey No. 3(Part) Town Center; Bajipura, Aurangabad | 706    |
| 29_   | Bungalow Plot no. ASL-56 Survey no. 925 in Ashwin L at New Nashik                           | 385    |
| 30.   | Residential cum Commercial Land at Laxmi House; Mount Road_Teynampet_Chennai                | 5371   |