LIC to review rentals to boost realty returns
Mumbai: To tap higher returns and innovative schemes, Life Insurance Corporation of India (LIC) has started focusing aggressively on those investments which earlier were unpopular in its list of mammoth investment portfolio. In this direction, LIC, which also happens to be the second biggest real estate owner in the country after the railways, has planned to make the maximum from this class of assets conservatively estimated at about Rs 2,500 crore.

R N Bhardwaj, managing director, LIC said: "The modernisation in some of the branch offices and the head-office has already started. It's not only the face-lift but also creating more space and better utilisation by renting the spare space. Our revalued real-estate assets are worth about Rs 2,500 crore, whose current market price might be still far higher."
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