Maharashtra Government Purchases Iconic Air India Building for Rs 16.01 bn

The Maharashtra state government announced the acquisition of the Air India building. The property is described as an iconic landmark. The transaction value is reported at Rs 16.01 billion. Officials say the purchase supports regional development goals. The building will be integrated into state‑run initiatives. Stakeholders anticipate new commercial and cultural uses. The deal reflects the government’s investment strategy in heritage assets. Future plans for the site will be disclosed in upcoming briefings.