New Delhi: Thirty years after it bought a four-acre plot of land in Connaught Place, in the heart of Delhi, Air India is locked in a conflict with the urban development ministry. The national carrier wants to sell or lease the land, estimated to be worth about Rs 1,000 crore, but the urban development ministry has barred it from doing so.
Moreover, a part of the land cannot be used because the airport line Metro station has been built under it.
In 1983, Air India bought the plot of land on Baba Kharak Singh Marg from the urban development ministry for Rs 15 crore. The initial plan was to build a city office. But it was only in 1999, that Air India got “technical possession” of the land. And it took another 10 years for it to get full possession, after all encroachments were removed.
“Air India had paid for four acres but when the land was measured in 2013, it was found to be only 3.54 acres,” said a senior civil aviation ministry official.
14/08/13 Financial Express
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Moreover, a part of the land cannot be used because the airport line Metro station has been built under it.
In 1983, Air India bought the plot of land on Baba Kharak Singh Marg from the urban development ministry for Rs 15 crore. The initial plan was to build a city office. But it was only in 1999, that Air India got “technical possession” of the land. And it took another 10 years for it to get full possession, after all encroachments were removed.
“Air India had paid for four acres but when the land was measured in 2013, it was found to be only 3.54 acres,” said a senior civil aviation ministry official.
14/08/13 Financial Express
