MTNL Enters into MoU with Government of Bihar for Property Transfer
Mahanagar Telephone Nigam Limited (MTNL) has entered into a Memorandum of Understanding (MoU) with the Government of Bihar on March 24, 2026, to transfer the leasehold rights of seven residential properties located at the Asian Games Village Complex (Khelgaon), New Delhi.Under the terms of the agreement, MTNL will transfer the leasehold rights to the Government of Bihar at an agreed valuation of Rs 68.43 crore. The amount has been deposited by the Government of Bihar. The MoU will remain in effect for six months, or until the transfer of leasehold rights is complete, whichever occurs first. The validity can be extended through mutual written consent.
The properties and their respective valuations are detailed below:
| Property Details | Final Valuation (Rs in Crore) |
|---|---|
| Flat No. 492, Asian Games Village, Khelgaon, New Delhi | 5.55 |
| Flat No. 494, Asian Games Village, Khelgaon, New Delhi | 5.37 |
| Flat No. 503, Asian Games Village, Khelgaon, New Delhi | 5.49 |
| Bungalow No. 850, Asian Games Village, Khelgaon, New Delhi | 12.84 |
| Bungalow No. 851, Asian Games Village, Khelgaon, New Delhi | 12.84 |
| Bungalow No. 852, Asian Games Village, Khelgaon, New Delhi | 12.84 |
| Bungalow No. 853, Asian Games Village, Khelgaon, New Delhi | 13.50 |
| Total | 68.43 |
Source:
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