IL&FS may sell non-core real estate assets

June 1, 2019June 1, 2019

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Mumbai: Infrastructure and Financial Services leasing wants to sell non-core real estate assets, including Mumbai headquarters, which can help infrastructure groups increase up to

Real estate Rs 5,000-6,000 crore because it helps reduce debt and cash situations Trying to improve.

Regulated by various subsidiaries including commercial and residential real estate, land and land development, Hill County was previously Maytas Properties founded by Ramalinga Raju of Satyam Computer Services and more than 50 properties spread across the country are on the sales list.

IL & FS owns 80 percent of Hill County’s estate, and the management has initiated the sale of the entire package. Hill County was previously Maytas Properties founded by Ramalinga Raju of Satyam Computer Services. IL & FS acquired them in 2011.

Sales process, from the selection of independent real estate consultants, invitations to express interest, selection of eligible bidders, presentations.

The new commission, as part of the IL / FS resolution framework, has already started to sell to many organizations including energy, technology and technology and part of the budget.

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