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5 things you don't know about the Maharashtra govt's Rs 1,601cr acquisition of Mumbai's Air India building

Mumbai real estate: According to the Maharashtra government, the 5-lakh-square-feet-space will be used for housing different government departments which lie scattered far from the state secretariat ever since a fire broke out in Mantralaya about a decade back.
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Maharashtra govt to acquire Air India building for Rs 1601 crore

Maharashtra government on Wednesday decided to acquire the iconic Air India building at Nariman Point in Mumbai for Rs 1,601 crore. The decision was taken at a meeting of the state cabinet in Mumbai. The meeting, chaired by Chief Minister Eknath Shinde, also decided to waive off around Rs 250 crore unrealised income and interest on the property, an official said.
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Source: rediff.com

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