Life Insurance Corporation of India (LIC), the country's largest life insurance firm, today said it plans to consolidate its real estate portfolio across the country."Expressions of Interest (EoI) are invited from professional consultancy organisations for consolidating our real estate portfolio," LIC said in an advertisement.The consultancy entails feasibility study, including techno-economic viability assessment of expected growth potential and investment opportunities in sectors like commercial, housing and retail for fresh acquisition, it said.Besides, making fresh acquisitions of land, the insurer also intends to develop existing vacant plots and redevelop old properties.LIC is interested in acquiring properties in Tier I and Tier II cities for own use and for investment purposes, the advertisement said.The advertisement says the consultants would be required to identify suitable properties for investment and for self-use purposes and advise on purchase of property with salient features, factoring in techno-economic feasibility and investment rationale.For development of unencumbered plots at Kolkata, Jaipur, Chennai, Kanpur, Ahmedabad, etc some new locations might be added in future, it said.The last date for submission of bids is January 25.
