Mumbai: Air India`s asset monetisation plan, which will see Rs 90 crore worth of property in Mumbai alone being sold, witnessed some traction on Friday with the civil aviation ministry forwarding a cabinet note on property sale of Rs 250 crore, which is part of an ongoing plan to raise Rs 5,000 crore over a period of three years. The Rs 90-crore worth property in Mumbai — all in Sterling Apartments at Pedder Road — will be bought by State Bank of India (SBI), and airline sources said that the Air India Building at Nariman Point was not part of the property in Mumbai that was to be sold. Confirming this, Civil Aviation Secretary Rajiv Nayan Choubey said, "The four flats in Sterling Apartments will account for the Rs 90 crore sale in the city. "
18/07/15 Nyooz
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18/07/15 Nyooz
