Mahanagar Telephone Nigam Ltd. Transfers Leasehold Property to NABARD for ₹350.72 Crore
Mahanagar Telephone Nigam Limited (MTNL) has executed a Deed of Assignment of Leasehold Property with NABARD (National Bank for Agriculture and Rural Development) on March 30, 2026.Under the agreement, MTNL is transferring the leasehold rights for its residential property located at GN Block, BKC Quarters (28 quarters), Plot Area 2680 sqm and Built-up Area 4021.43 sqm, at MMRDA Plot No. R-4, BKC, Bandra (E), Mumbai-400 098, to NABARD. The consideration for this transfer is ₹350.72 crore, which NABARD has paid in full.
The transaction is described as a Government to Government Transfer. No other significant terms, special rights, or potential conflicts of interest were detailed.
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