With skyrocketting real estate prices in the country, the bug has now bitten Indian Postal department. Department of Post(DOP) is the second larget real estate owner in the country after Indian Railways.
In Mumbai alone, DOP holds 22 vacant plots in prime locations. It has tied up with TrammellCrow Meghraj to unlock its real estate value and maximize the holding value by renting or leasing spaces in post-offices at prime locations(First improve your service and look & feel of your buildings, they are so 80ish, hardly any person wants to visit your premises today) DOP plans to conduct a feasibility study in Delhi, Mumbai, Chennai and Karnataka.
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