The iconic Air India building in Mumbai might soon be the new address for offices of the Maharashtra secretariat as the state government has offered the national airline Rs 1,400 crore to take over the property. According to the sources, though the state’s offer is Rs 200 crore less than the reserve price the national carrier had set, Air India has decided to go ahead with the offer as a part of its plan to monetise its real estate assets. Life Insurance Corporation (LIC) had quoted Rs 1,375 crore and the Centre-run Jawaharlal Nehru Port Trust (JNPT) has quoted Rs 1,200 crore for the property.

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