The Maharashtra government has become the owner of iconic Air India building with the Union government approving transfer of the asset on Thursday.
The Maharashtra government bought the Air India building at Nariman Point in Mumbai for Rs 1,601 crore.
“GoI has approved transfer of Air India building, Mumbai of AI Assets Holding Company Ltd (AIAHL) to Government of Maharashtra (GoM) at consideration of Rs.1601 cr. GoM has agreed to waive dues of Rs. 298.42 cr, which would have been otherwise payable by AIAHL to GoM for this transaction,” DIPAM Secretary Tuhin Kanta Pandey said in a post on X.
