Maharashtra Government Acquires Iconic Air India Building for ₹1,601 Crore

The Maharashtra government has acquired the iconic Air India building at Nariman Point in Mumbai for ₹1,601 crore. This transaction, approved by the Centre, involves waiving dues of ₹298.42 crore payable by AI Assets Holding Company (AIAHL) to the state.

AIAHL, a state-run special purpose vehicle, holds non-core assets not part of Air India's strategic sale to the Tata group in 2022. The acquisition, approved by the Maharashtra cabinet in November 2023, includes approximately 46,470 square meters of space to be utilized for state government offices.

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