Highlights

  • The Nariman Point building was put up for sale in 2018 as part of asset-monetisation plans
  • The 13th floor of the building remains unoccupied because of a superstition
  • The building came up in 1974

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In 2019, the state bid 1400 crore for AI, while JNPA 1375 crore and LIC 1200 crore

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      The iconic Air India buiding at Mumbai's Nariman Point is set to be acquired by the Maharashtra government.

      According to reports, Maharashtra's Chief Minister Eknath Shinde-led government will buy
      the iconic building for ₹1600 crore.

      Debt-ridden Air India had floated tenders for the sale of the 23-storey building, in which the state government, the Centre-owned Jawaharlal Nehru Port Authority (JNPA) and Life Insurance Corporation (LIC) of India were the bidders.

      In 2019, the state bid ₹1400 crore for AI, while JNPA ₹1375 crore and LIC ₹1200 crore. After the Eknath Shinde-led government assumed office in June, 2022, the state government revised the bid to ₹1600 crore against AI’s ask of ₹2000 crore.

      The Nariman Point building was put up for sale in 2018 as part of asset-monetisation plans. The State Bank of India recently vacated a few floors it occupied.The building measures 4.99 lakh sq feet and has two basements and a tunnel.

      Air IndiaMaharashtra GovernmentMaharashtra govt

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