Maharashtra Buys Iconic Air India Building in Mumbai for ₹1,601 Crore

The Maharashtra government has formally acquired the iconic Air India building in south Mumbai for ₹1,601 crore, securing ownership of one of the city's most recognizable commercial landmarks.

The transfer agreement between Air India Assets Holding Company and the state Public Works Department was completed on Tuesday in the presence of Chief Minister Devendra Fadnavis at Mantralaya following a state cabinet meeting, according to an official statement.

Located at Nariman Point, the 23-storey sea-facing tower was constructed in 1974 on reclaimed land owned by the state government. The building has been a prominent feature of Mumbai’s skyline for decades and is widely regarded as a landmark owing