LIC Aims to Boost Real Estate Returns with New Subsidiary
NEW DELHI: LIC aims to enhance returns from its real estate assets and may consider establishing a separate subsidiary to manage these efficiently. Its real estate portfolio is conservatively valued at over Rs 60,000 crore. “Over the last 70 years, we have acquired substantial real estate, both inherited and purchased. We utilize these properties for company operations and as investments to generate returns,” said LIC CEO and MD R. Doraiswamy in an interview with PTI. This recent review of LIC’s real estate portfolio is part of a broader strategy to evaluate returns and identify optimisation opportunities. Our goal is to…