Maharashtra government acquires Mumbai’s iconic Air India building in ₹1,601 crore deal
The Maharashtra government has acquired the Air India building in Mumbai for ₹1,601 crore. This iconic structure, a 23-storey tower at Nariman Point, will be transformed into a government complex to address office space shortages. The acquisition aims to enhance the state's administrative infrastructure with a focus on quality and sustainability.
- ▪The Air India building was acquired for ₹1,601 crore after negotiations that began in 2021.
- ▪The building will serve as a model government complex, prioritizing quality and citizen convenience.
- ▪A comprehensive structural audit and necessary repairs will be conducted before relocating government offices.
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The Maharashtra government has formally acquired the iconic Air India building, a defining feature of the south Mumbai skyline known for its prime sea-facing location, for ₹1,601 crore.“The transfer of agreements between Air India Assets Holding Company and the State Public Works Department was completed in the presence of Chief Minister Devendra Fadnavis at the State Secretariat ‘Mantralaya’ following a Cabinet meeting on Tuesday (June 2, 2026),” an official release said.The Air India building, a 23-storey sea-facing commercial tower at Nariman Point in south Mumbai built in 1974 on State government-owned reclaimed land, has long been one of the city’s landmarks, known for drawing crowds in its early days for experiences like riding its elevators.
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