Maharashtra govt set to buy iconic AI building for Rs 1,600 crore | India News – Times of India

MUMBAI: The Maharashtra authorities is all set to purchase the enduring Air India constructing at Nariman Level and switch it into an extension of Mantralaya. AI Property Holding Ltd, which owns the constructing, had ‘in-principle’ agreed to the final state authorities provide of Rs 1,600 crore, a cupboard minister confirmed to TOI.
The state authorities clarified it’s going to solely full the deal if the Centre removes all belongings, vacates all present workplaces and fingers over “100% unencumbered possession” of the 23-storey constructing.
Three years after evincing curiosity in shopping for the milestone, the state made one other push for it final November and made a suggestion of Rs 1,600 crore. Officers mentioned the earlier authorities had provided round Rs 1,450 crore. Deputy CM Devendra Fadnavis had met civil aviation minister Jyotiraditya Scindia final 12 months and urged him to offer desire to Maharashtra authorities in its try and promote it.
The minister mentioned: “We’ve been advised the AI Property Holding Ltd has in-principle agreed to offer it to us. Finer particulars will probably be labored out however our provide is conditional. We had been advised workplaces of GST and I-T division run out of there. We are going to solely go forward with the deal if we get vacant possession.” Ministerial workplaces could be shifted to the AI constructing and all workplaces in personal buildings could be accommodated in Mantralaya, an official mentioned.

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