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Mumbai’s Air India Building Gets New Role After ₹1,601 Crore Deal

Mumbai’s Air India Building Gets New Role After ₹1,601 Crore Deal

Mumbai’s Air India Building Gets New Role

Mumbai’s iconic Air India Building at Nariman Point has officially moved into Maharashtra government control after a ₹1,601 crore acquisition. The sea-facing 23-storey tower, built in 1974, has been one of the city’s most recognisable landmarks and was earlier known as Air India’s headquarters. The transfer was completed between Air India Assets Holding Limited and the state Public Works Department in the presence of Chief Minister Devendra Fadnavis at Mantralaya.

Why The Deal Matters

The purchase is important because the state government has been facing a long-running office space shortage near Mantralaya. The problem became more serious after the 2012 Mantralaya fire, which forced several departments to function from different rented locations across Mumbai. The new acquisition is expected to give the government around 46,470 square metres of office space close to the state secretariat.

Landmark To Serve Public Offices

The building is now expected to be renovated and used for government departments, helping reduce rental costs and bring more offices closer to the administrative centre. For Mumbai, the deal marks a major change in the story of a landmark that once represented aviation pride and will now serve a public administration role.

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