Rebidding for Air India headquarters likely after only LIC bids


The iconic Air India building in Mumbai will undergo a bidding process once again. Low response from the “interested” players is forcing the beleaguered airline to go for rebidding.

For the last few months, the national carrier has been preparing plans and holding talks with interested parties to sell the 23-storied building at the Queen’s Necklace in Nariman Point business district. Bids were sought in December.

Sale of the leasehold rights of the land and the building is part of the airline’s plan to monetise on the real estate assets. Read More

You may also read!

Navy celebrates 60 years of its oldest air squadron

The Indian Navy’s first Naval Air Squadron 550 celebrated its diamond jubilee at Naval Base in Kochi on Tuesday.

Read More...

Pakistan intelligence has India sound ‘red alert’

Airports and defence installations have been put on ‘high red alert’ after an intelligence input was received from Pakistan.

Read More...

India and Pak at the SCO

The recent Shanghai Cooperation Organization (SCO) conference attended by the Prime Minister at Bishkek, the capital of Kyrgyzstan, dominated

Read More...

Leave a reply:

Mobile Sliding Menu