The iconic 23- storey Air India building at Nariman point will be sold to Maharashtra government for Rs 1,600 crore. While the finer details are being worked out, Maharashtra government has asserted that it will go ahead with the deal only if all offices operating out of the building vacate.
Under the ownership of AI Assets Holdings Ltd, Air India building was the headquarters of Air India until 2013, post which the corporate office was shifted to Delhi.
According to media reports, Maharashtra government is interested in this deal as Mantralaya is in the vicinity. This is the second time Maharashtra government has approached as a bidder after a proposal to buy the building for official purposes was rejected by AI Assets Holdings Ltd. In January 2022. In addition to the Maharashtra government, the RBI also bid for purchasing the building.
| Got any questions or point of view on our article? We would love to hear from you.Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
Related Posts
Allowing developers to construct on Mumbai’s salt pan lands may do more harm than good.
Stamp duty in Mumbai hiked to 6%, properties to get costlier.
Mahindra Lifespaces signs pact with Maharashtra, to develop tourist destination in Murud.
Maharashtra fixes Rs 1,000 stamp duty on PMAY home lease deeds.
Maharashtra stamp duty charges expected to increase by 1%: Report.
Maharashtra keeps ready reckoner rates unchanged for FY24.