When the turnaround plan (TAP) of the national carrier Air India was approved by the Union government in 2012, monetisation of its assets was a part of it. Four years later, the airline has managed to monetise a significant number of its assets owned in India and abroad.
According to a senior official of Air India, the national carrier earns revenue worth `85-100 crore from the Air India building situated at Nariman Point, Mumbai. As of now, four floors of the building have been given on rent to SBI and service tax department, seven floors to the income tax department and one floor to Tata Consultancy Services. The management charges rates in the range of Rs 290 to Rs 350 per square feet depending on floor which one occupies.
Apart from the building, the AI also sold one of its plots in Coimbatore to National Buildings Construction Corporation (NBCC) for Rs 19 crore a few months ago.
14/03/16 Malyaban Ghosh/The Financial Express
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According to a senior official of Air India, the national carrier earns revenue worth `85-100 crore from the Air India building situated at Nariman Point, Mumbai. As of now, four floors of the building have been given on rent to SBI and service tax department, seven floors to the income tax department and one floor to Tata Consultancy Services. The management charges rates in the range of Rs 290 to Rs 350 per square feet depending on floor which one occupies.
Apart from the building, the AI also sold one of its plots in Coimbatore to National Buildings Construction Corporation (NBCC) for Rs 19 crore a few months ago.
14/03/16 Malyaban Ghosh/The Financial Express
