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Home > Forum > Navi Mumbai > Property Selling > Reliance Communication has sold nearly 150 flats in Navi Mumbai for Rs. 330 crore

Reliance Communication has sold nearly 150 flats in Navi Mumbai for Rs. 330 crore

Q: It is said that the sale is a part of the company's overall strategy to monetize its real estate assets to reduce debt.

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reliance communications
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Company has already received more than 50% of the sale benefit and the balance amount will be collected during the current financial year, upon completion of documentation, etc. presently underway.
Lekshmi


@Lekshmi,
I also heard that the company will further announce the sale of its New Delhi properties, just off Connaught Place.
Harilal,  Delhi-NCR
22nd December 2015


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