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Air India has put on the block a 1.33-acre property in Chennai.
It will sell the property located at Teynampet on the arterial Anna Salai through an e-auction on January 21.
Prospective buyers will have to register on MSTC’s Web site — the company is a public sector enterprise and service provider to Air India.
According to the advertisement in dailies, the property is suitable for mixed use development, including commercial and residential development.
The 57,797-sq.ft property, about 24 grounds (2,400 sq.ft a ground), has evoked keen interest among developers because of its prime location. The vicinity is seeing strong commercial development by leading players, including Prestige and Chaitanya. The location is also along the Chennai Metro Rail project — the urban transport infrastructure — coming up in the city.
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