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Saturday, May 24, 2003

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UTI to sell old building

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MUMBAI, May 23

THE Unit Trust of India has decided to sell its old corporate office building and has invited bids from interested parties.

As per the tender notice, UTI — which has three properties at 13, 41 and 37 at New Marine Lines in South Mumbai — is selling the total area of 54,172 sq. ft., which includes the five-storey headquarters building of 39,175 sq. ft. through tenders in "as-is-where-is-condition".

The sale process would be facilitated by the Estate Department of the UTI without the involvement of any brokers or real estate consultancy firm.

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