This gives some idea of the value of Herald House.
According to SyndRent rules, up to 75 per cent of the rent receivables can be availed as loan.
This would mean The Associated Journals earns rent of at least Rs 60 lakh per month, or Rs 7.2 crore per annum.
In downtown Delhi, where Herald House is located, annual rental income amounts to around 3 per cent of a property's value.
This would value the property at Rs 240 crore.
In the company's books, the net fixed assets were valued at a paltry Rs 1.68 crore on March 31, 2010.
There is, therefore, a windfall waiting to be booked.
Image: Congress General Secretary and Member of Parliament Rahul Gandhi (second left) and Indian Prime Minister Manmohan Singh (left) watch as Congress Party President and United Progressive Alliance (UPA) Government Chairperson Sonia Gandhi (third left) casts her vote during the election for Vice President.