Mahanagar Telephone Nigam Limited is reportedly seeking to sell 0.78 million sq ft of built up office space and land parcels in Mumbai and Delhi, persons familiar with the development said. MTNL has also mandated property consultant DTZ and Feedback Infrastructure Services to sell the property, person added. According to an early estimate, MTNL is aiming to derive around INR 50 billion through the sale of property.

MTNL and DTZ did not respond to emailed queries of Economic Times.