
According to recent reports, the Life Insurance Corporation of India (LIC) is planning to raise $6-7 billion by selling some of its premium commercial buildings and land across the country. LIC, which is India’s third-largest landlord, has formed an internal team to work out a sale plan for its real estate assets, with the process potentially starting in Mumbai.
The sale of LIC’s real estate assets is seen as a way for the company to raise significant funds. The proceeds from the sale could help LIC in various ways, such as strengthening its financial position or supporting its business operations.
It’s need of the hour to Fund the infra sector of India
We can expect only sale of public property to Modi’s capitalist allies in his Government…