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

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