New Delhi: Cash-starved national carrier Air India is set to seal a real estate deal with State Bank of India, which has "in principle" agreed to acquire four of its posh residential properties in south Mumbai for Rs 90 crore.
The airline had been scouting for a buyer for its four tony flats on the Sterling Apartments on the upmarket Peddar Road in south Mumbai for the last two years, AI sources said.
Its efforts in 2013 to sell these through e-auctions did not elicit good response. So were its attempts to lease out its iconic previous headquarters in the Nariman Point area of the megapolis.
08/03/15 PTI/Economic Times
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The airline had been scouting for a buyer for its four tony flats on the Sterling Apartments on the upmarket Peddar Road in south Mumbai for the last two years, AI sources said.
Its efforts in 2013 to sell these through e-auctions did not elicit good response. So were its attempts to lease out its iconic previous headquarters in the Nariman Point area of the megapolis.
08/03/15 PTI/Economic Times
