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Government plans to sell Air India's iconic Mumbai building to JNPT

Updated : June 28, 2018 07:45 AM IST

The government has started discussions for sale of Air India's iconic building in Mumbai to the country's biggest container port Jawaharlal Nehru Port Trust (JNPT) as part of efforts to raise funds for the cash-strapped national carrier, sources said.
Official sources told PTI that the proposal has received in-principle approval from Prime Minister Narendra Modi, following which an inter-ministerial panel has been constituted to work out the modalities.
Air India's 23-storey building at Nariman Point, Mumbai, which was also once the airline's headquarters, is a prime property and is likely to fetch high valuations.
Government plans to sell Air India's iconic Mumbai building to JNPT
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