Calcutta, July 25 :    Calcutta, July 25:  Standard Chartered Grindlays Bank has decided to sell its non-core properties - real estate not central to its key businesses - by the end of next fiscal. The bank is now reviewing its 700-odd properties across the country. 'We are now reviewing the entire real estate portfolio, and will sell when we get a good price. The entire exercise will be over by December 2002,' the bank's official spokesperson said. The bank has already sold White House Gardens in Calcutta and another property located at Malcha Marg, New Delhi. The bank, which is in the process of expanding its business in the country, has received four licences from the Reserve Bank of India to open branches in Delhi, Hyderabad and Mumbai. However, it has no plans to expand its business in Calcutta. The bank has been saddled with these 700 properties following the merger of Stanchart with ANZ Grindlays. The 100-odd freehold properties are valued at $ 130 million and the bank is now valuing its remaining 600-odd leasehold properties. Apart from these, Stanchart has several residential flats in Mumbai and other parts of the country which, it says, are 'valuable possessions.' However, the spokesperson refused to comment on the amount the the bank hoped to garner through the sale of its assets. 'Real estate prices keep on fluctuating and it is very difficult to assess the amount,' he added. The bank plans to retain its properties in prime locations which will enable it to take advantage of the fluctuating prices at a later stage. Besides, the bank is doing a rethink on the leasehold property located at 4, Netaji Subhas Road, in the city, which belongs to Karuna Maharani Devi, a descendant of the king of Burdwan. The lease expires in the middle of 2003. 'We are reviewing whether to renew the lease or vacate it. We already have two branches in the same area - one at 19 Netaji Subhas Road and the other at 14, Netaji Subhas Road. And the building too does not have enough infrastructure. The 4, N.S. Road branch functions as the back-office of our card business.