Jet Airways Sells BKC Office for Rs 335 Crore in Liquidation Auction
Jet Airways’ former corporate office in Mumbai’s Bandra Kurla Complex (BKC) is set to be auctioned as part of the airline’s ongoing liquidation proceedings. The property, with a carpet area of 52,202 square feet, is expected to draw significant interest from real estate investors.
Jet AirwaysBkcLiquidationReal EstateAuctionReal Estate MumbaiJun 01, 2025
The liquidator, appointed following the commencement of Jet Airways’ liquidation on November 26, 2024, has issued an addendum auction notice dated May 23, 2025. The asset in question comprises office premises located on the second floor of the Godrej BKC building — one of the most sought-after commercial addresses in Mumbai.
The property boasts a carpet area of approximately 52,202 square feet and a saleable area of 83,524 square feet. It includes 70 dedicated car parking spaces. The reserve price for the asset has been set at ₹335.24 crore (approximately ₹3.35 billion), with an earnest money deposit (EMD) requirement of ₹16.76 crore. The auction will be conducted on the eBKray platform, the government’s designated portal for e-auctions of distressed assets.
Jet Airways, once India’s premier full-service airline, entered corporate insolvency resolution proceedings on June 20, 2019, after a consortium of lenders led by State Bank of India dragged the airline to the National Company Law Tribunal (NCLT) for non-payment of dues. Despite several attempts at revival and multiple extensions granted to a successful resolution applicant, the Jalan-Kalrock Consortium, the resolution plan faced delays and disputes, eventually leading to the liquidation order.
The sale of the BKC office is among the first major asset monetization efforts under the liquidation process and is expected to draw interest from commercial real estate investors and corporate occupiers looking to establish or expand presence in Mumbai’s financial district.
With the auction date approaching, potential bidders have until June 2, 2025, to submit their EMDs and complete the necessary formalities to participate. More details on the auction and registration process are available on the official eBKray website.
Under the Insolvency and Bankruptcy Code (IBC), once a corporate debtor enters liquidation, the liquidator is responsible for identifying and monetizing the company’s assets to repay creditors. Public auction is a key route for liquidators to generate value from tangible assets like real estate.
Jet Airways’ liquidation marks a significant chapter in one of India’s most high-profile insolvency cases, which has seen prolonged delays and legal wrangling. The outcome of this asset sale could provide some relief to creditors still awaiting recovery.
Frequently Asked Questions
What is the reserve price for the Jet Airways BKC office?
The reserve price for the Jet Airways BKC office is set at ₹335.24 crore (approximately ₹3.35 billion).
When is the auction for the Jet Airways BKC office scheduled?
The auction for the Jet Airways BKC office is scheduled for 5 June 2025.
Who is the liquidator appointed for Jet Airways?
The liquidator appointed for Jet Airways was appointed following the commencement of the airline’s liquidation on November 26, 2024.
What is the carpet area of the BKC office?
The carpet area of the BKC office is approximately 52,202 square feet.
What is the earnest money deposit (EMD) requirement for the auction?
The earnest money deposit (EMD) requirement for the auction is ₹16.76 crore.
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