Mumbai: Private sector lender HDFC Ltd has put on the block a prime office space owned by Jet Airways (India) Ltd at Mumbai’s Bandra Kurla Complex (BKC) post failure by the grounded airline to repay a loan amount of around ₹415 crore.
The office space that spans 52,775 sqft is part of Jet Airways Godrej BKC, a 12-storey premium commercial building, and will be auctioned on May 15 at a base price of ₹245 crore, said a public notice issued by HDFC Bank.
“The borrower has failed to repay the amounts due to HDFC Ltd. Accordingly, HDFC Ltd has become entitled to enforce its mortgage over the immovable property,” the notice said.
