When investors are banging on your door, the safest bet is to sell off a property and raise funds. It's a plus if it's a property that's not been in use. It seems that Yash Birla, the troubled non-executive chairman of Birla Power, is doing just that.


Yash Birla

The real estate market is abuzz with news that a 800-sq-mts property owned by Zenith Birla, with interests in steel manufacturing, in Thane, has been sold. Real estate sources say that the property in Vedant Commercial Complex in Thane's Vartak Nagar, still retains Zenith's board. However, the office moved out some time in 2014 and, ever since, the second floor — where the Zenith office was — has been locked. This was the firm's corporate office.