LIC, GIC show interest in buying Air India building in Mumbai

Even as the government is yet to take a call on putting the 23-storeyed Air India Building in the tony Nariman Point business hub of south Mumbai on the block, many PSUs such as LIC and GIC have evinced interest in the prime property, a senior airline official said on December 7.

It can be noted that LIC and GIC have their headquarters in the proximity to the Air India building, which also happens to be the erstwhile headquarters of the national carrier.

“No decision has been taken so far on selling the Air India building. But some companies, majorly the public sector undertakings such as LIC and GIC have shown considerable interest in it. This is apart from JNPT,” the official said.

The national carrier had collected Rs 291 crore as lease rentals from the property between FY13 and January 2018.

[“source=moneycontrol].