Real Estate

Real Estate Transactions

Maharashtra govt to acquire Air India building in Mumbai's Nariman Point for Rs.1,601-Cr

Indian Express  

The Maharashtra government is to acquire the iconic 23-storey sea-facing Air India building at Nariman Point, 600 metres away from the state secretariat, for INR 1,601 crore. The building, designed by architect John Burgee, was constructed in 1974 on reclaimed land that the state government had leased to Air India. In 2018, five years after shifting its headquarters to New Delhi, Air India decided to sell the building as part of its asset monetisation plan, and called for bids from interested parties.