Archive · 4 Jan 2026
MTNL Sells Kemps Corner Office Property
MTNL, a government-owned phone company, is selling an office building in Kemps Corner, Mumbai.
The building is 3,124 square feet and has two parking spots.
The starting price for the sale is ₹25.71 crore.
People who want to buy it need to have at least ₹6.4 crore.
The deadline to submit bids is January 26.
A company called DIMTS is helping MTNL with the sale.
Additionally, MTNL is also selling a small flat in Andheri (West) for ₹70.75 lakh.
The deadline for bids on the flat is February 3.
MTNL is selling these properties to make money from their real estate.
MTNL has issued an RFP for the sale of a 3,124 sq ft office property at Kemps Corner, Mumbai.
The reserve price for the office property is ₹25.71 crore, with a minimum net worth requirement of ₹6.4 crore for bidders.
The bid submission deadline for the office property is January 26, managed by DIMTS.
MTNL is also selling a residential flat in Andheri (West) with a reserve price of ₹70.75 lakh.
The bid submission deadline for the residential flat is February 3, managed by Knight Frank (India) Pvt Ltd.
- Who
- Mahanagar Telephone Nigam Limited (MTNL)
- What
- Sale of a ready-built office property at Kemps Corner and a residential flat in Andheri (West)
- When
- Bid submission deadline for the office property is January 26; for the residential flat, it is February 3
- Where
- Kemps Corner, Mumbai and Andheri (West), Mumbai
- Why
- To monetize MTNL's real estate assets through auction
- Property Location
- GALA 11-17, White Hall building, August Kranti Marg, Kemps Corner
- Built-up Area
- 3,124 sq ft
- Reserve Price
- ₹25.71 crore
- Minimum Net Worth for Bidders
- ₹6.4 crore
- Bid Submission Deadline
- January 26
- Transaction Manager
- Delhi Integrated Multi Modal Transit System Limited (DIMTS)
- Additional Property for Sale
- Residential flat at Raheja Classique 1, Oshiwara, Andheri (West)
- Additional Property Reserve Price
- ₹70.75 lakh