MUMBAI: The Maharashtra cabinet on Wednesday cleared the plan to buy the iconic, sea-facing Air India Building in Nariman Point to house government offices. As part of the deal, the state will pay Rs 1,601 crore to Air India Assets Holding Ltd, which was formed by the Centre and vested with several AI-owned properties before selling the airline.
The acquisition makes available 46,470 sq m of space across the 23-storey tower, considered one of Mumbai’s landmarks.
Officials said the government will save around Rs 200 crore in annual rent if all offices housed in private properties are moved to the Air India Building.
