Lok Sabha Question No. 1807 (UNSTARRED), answered on 2018-12-20
Subject: Sale of Air India Property
Ministry: CIVIL AVIATION
Asked by: A. ARUNMOZHITHEVAN, K. GOPAL

## GOVERNMENT OF INDIA MINISTRY OF CIVIL AVIATION LOK SABHA

UNSTARRED QUESTION NO. 1807 (To be answered on the December 2018) 20th

## SALE OF AIR INDIA PROPERTY

1807 .

SHRI A ARUNMOZHITHEVAN

DR K GOPAL

Will the Minister of CIVIL AVIATION

be pleased to state:-

- (a) whether Air India has to garner funds to the tune of Rs; 5,000 crore between April; 2014 and March, 2021 with an annual target of Rs 500 crore from FY 2013 onwards and if s0, the details thereof;
- (b) whether Air India had 14 properties o sale in various cities such\_ details thereof; put
- its assets in locations such as Mumbai and Chennai and if sO, the details thereof; prime
- (e) whether it is also true that theproperties, which are spread over 16 cities across the country; are likely to be auctioned through the State run auction MSTC and if so, the details thereof?
- (d) whether Air India plans to mop up Rs. 700-800 crore by selling over 70 residential and commercial properties spread across the country and if s0 the details thereof; and

## ANSWER

Minister of State in the Ministry of CIVIL AVIATION

(Shri Jayant Sinha)

- (a): The Cabinet Committee on Economic Affairs (CCEA) approved the Financial Restructuring Plan (FRP) and Turn Around Plan (TAP) for Air India (Al) in the year 2012. It aiso approved monetization of real esta te assets in AI to the tune of Rs.5000 crore over the next 10 years period with the annual target of Rs.500 crore from the Financial Year 20i3 onwards

(b): Yes, Madam\_ The details of 14 Air India properties put on sale vide advertisement dated 03rd October 2018 in various cities are given in Annexure.

- (c): Till date, Air India has   realized an amount of Rs.410 crore through sale of its non-core assets in various cities in India and abroad: AI has also realized a rental income of Rs.314 crore approximate. A total of Rs.724 crore has been realized by assets monetization and space rentals:
- (d): Air India has initiated e-auction through MSTC for the sale of some of its non-core assets comprising of residential and commercial properties spread across the country.
- (e): Yes, Madam\_ AI's properties in the following cities have been identified for auction through MSTC:-
- Amritsar 2. Agartala 3.Bhuj 4. Bengaluru 5.Chennai 6. New Delhi 7. Gwalior 8. Hyderabad
- 9 Imphal 10. Kolkata 11. Lonavala (Maharashtra) 12. Mangalore 13. Mumbai 14. Nasik 15.Tiruvanthapuram 16.Pune.

*****

## Amritsar

- Residential Land admeasuring 4840 sq-yds. approx with 06 Built up flats, at Ajanala Road, Extn. Part III Scheme

## Bengaluru

- 2 Residential Land admeasuring 471.75 sq.mtr: approx with 09 Built-up flats, Site No 3367/L in Stage No.Il, situated in H.A.L , Indira Nagar
- 3\_ Residential Land admeasuring 395.90 sq mtr: approx with 05 Built-up flats, Site No.3075 in Stage No.Il, situated in H.A.L, Indira Nagar
- 4 06 units of 2BHK & 09 units of 3BHK flats at Krishna Nagar Aptts , Annasandra, Palesan HAL

## Chennai

5. Dr. M.G.R. Road, Kalakshetra Colony, Besant Nagar

## Mangalore

6. 3BHK Flat No. 102,1st Floor in Diana Block alongwith the Car Shed 'D', HOISALA DIANA COMPLEX, Situated in Kadri Village
2. 7\_ 2BHK Flat no. S1, 2nd Floor, Madhuvan Apartments, Kadri Kambla, Road, Kadri New

## Kolkata

- 8 11 Units of 2BHK & 02 Units of 3BHK flats at Sohini Apts , 18/2A 1 Udai Shankar Sarani, Golf Greens
- 9 3BHK Flat no F, 8h Floor with covered parking space on GF, Geetanjali Bldg-, 8 Middletown Street
10. 3BHK Flat no.F 7lh Floor with covered parking space o GF, Geetanjali 8 Middletown Street Bldg ,
1. Residential Land admeasuring 1758 sq-mtr approx. with 12 Built-up flats & open parking space at 13, Mullen Street Ballygunge,

## Mumbai

12. 05 unitsof2 BHK flatsatAquarius-Taurus Building; Malad
13. 01 Flat at "Twin Towers Premises Co-op. Society Ltd:"\_ Veer Sarvarkar Marg, Prabha Devi

## Pune

- 14\_ Commercial Land admeasuring 2322 sq.mtr. approx: & Airlines House, 39/8, Dr Ambedkar Road, Sangam Bridge, Opp. RTO Bldg-,

## List of 14 Properties