Jet Airways’ former corporate office in Mumbai’s BKC will be auctioned on June 5, 2025, as part of its liquidation process. Valued at ₹335.24 crore, the prime commercial asset is expected to attract significant interest. This marks a key step in repaying creditors after years of stalled revival efforts.
In a significant step toward monetising its assets, Jet Airways’ former corporate office in Mumbai’s upscale Bandra Kurla Complex (BKC) is headed for auction on June 5, 2025. The sale is part of the airline’s ongoing liquidation following years of stalled revival efforts.
The office space on the second floor of the prestigious Godrej BKC building is one of the most valuable properties in Jet Airways’ portfolio. Spanning a carpet area of 52,202 square feet and a total saleable area of 83,524 square feet, the property also includes 70 car parking slots. The reserve price has been fixed at ₹335.24 crore, with a required earnest money deposit (EMD) of ₹16.76 crore. Bids will be accepted via the government-run e-auction portal, eBkray.
“This sale marks a key milestone in the liquidation proceedings initiated last November,” read the addendum auction notice dated May 23, 2025, issued by the appointed liquidator.
Jet Airways, once a market leader among Indian full-service carriers, has been grounded since 2019 after lenders led by the State Bank of India took the company to the National Company Law Tribunal (NCLT) over unpaid dues. Although the Jalan-Kalrock Consortium was selected to revive the airline, implementing the resolution plan eventually led to a liquidation order on November 26, 2024.
The upcoming auction is expected to attract strong interest from commercial real estate players and corporate occupiers looking to establish or expand operations in Mumbai’s financial district. As one of the few Grade A commercial properties up for public sale in BKC, industry watchers say it offers both strategic value and long-term investment potential.
According to the Insolvency and Bankruptcy Code (IBC), once liquidation is initiated, the liquidator’s role includes identifying, valuing, and selling the debtor’s assets to repay creditors. “Public auction remains a primary tool to unlock value from high-value assets like this,” said someone familiar with the process.
Bidders must complete the formal registration process and submit their EMDs by June 2, 2025, to participate. Additional information about eligibility and auction terms can be accessed on the eBkray portal.
Jet Airways’ liquidation remains one of India’s most high-profile insolvency cases, with this sale serving as a potential turning point in recovering value for its creditors.
