Two state-run telecom companies have decided to give preference to government organizations, both at the state and central levels, in selling their land assets worth over ?1 lakh crore. Sales to government organizations are expected to be smooth and free from unnecessary litigation. One of the companies has already raised ?1,600 crore through the sale of properties to government departments as well as private entities. The plan is to raise ?20,000 crore over the next 4–5 years through land monetization.

Property consultants view the monetization of these telecom companies’ land and properties in key cities as a strategic opportunity in the current real estate market. Post-pandemic, major commercial and residential property markets, including Mumbai, Bengaluru, Delhi, and Hyderabad, have witnessed significant activity. The telecom companies’ properties are located in prime areas with substantial commercial and residential potential, adding considerable value and making them highly sought after.

Land monetization is seen as a key strategy to revive the ailing telecom firms. The government has been taking measures to improve the operations of these loss-making entities. In 2019, a revival package worth around ?69,021 crore was provided to reduce operating costs. Additionally, in June 2023, the government approved the allotment of 4G/5G spectrum to one of the companies with a total outlay of approximately ?89,047 crore through equity infusion.

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