MTNL Sells Land to Nabard Bank
Introduction
A company called MTNL sold a piece of land in Mumbai to Nabard bank.
Main Body
MTNL sold a building and land in the Bandra Kurla Complex. Nabard paid 350.72 crore rupees for it. The bank can use the land for 52 years. MTNL needs money because it has many debts. The company owes more than 36,000 crore rupees. Also, very few people use their phone services now. MTNL is selling other buildings in Mumbai and Delhi to get more money. Other big banks and offices are also buying land in this area of Mumbai.
Conclusion
MTNL sells its land to pay its debts. Many big offices now move to the same business area in Mumbai.
Learning
⚡ The 'Money Flow' Patterns
In this story, we see how to talk about giving and getting money. For A2 learners, these three phrases are essential:
- Sell Give something to get money.
- Example: MTNL sold land.
- Pay Give money to get something.
- Example: Nabard paid 350.72 crore.
- Owe Need to give money back (Debt).
- Example: The company owes 36,000 crore.
Quick Guide: Present vs. Past
Notice how the words change when the action is finished:
| Now (Present) | Then (Past) |
|---|---|
| Sell | Sold |
| Pay | Paid |
Why this matters: If you are talking about a business deal that already happened, always use Sold and Paid.