New Delhi: The Reserve Bank of India (RBI) has tossed its hat in the ring for the taking over of Air India's iconic tower at Nariman Point in Mumbai.
The central bank is learnt to have offered 10 years' lease rental as advance payment, a top source told IANS.
"The RBI wants to take the whole building and is willing to give advance lease rentals for 10 years advance payment upfront," he said.
In response to an IANS query on the development, the RBI declined to comment.
Earlier, state-controlled LIC and Jawaharlal Nehru Port Trust (JNPT) had expressed interest to acquire the signature building with the latter ready to shell out about Rs. 1,300 crore.
A section of Air India employees has, however, vehemently opposed the government move to sell the building and has sought to reconsider the decision.
"We are already generating Rs. 130 crore annually from the building and can generate Rs. 400-500 crore a year. There is huge scope for advertising the way it happens in the US and other countries," a senior executive said.
16/04/19 IANS/NDTV
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The central bank is learnt to have offered 10 years' lease rental as advance payment, a top source told IANS.
"The RBI wants to take the whole building and is willing to give advance lease rentals for 10 years advance payment upfront," he said.
In response to an IANS query on the development, the RBI declined to comment.
Earlier, state-controlled LIC and Jawaharlal Nehru Port Trust (JNPT) had expressed interest to acquire the signature building with the latter ready to shell out about Rs. 1,300 crore.
A section of Air India employees has, however, vehemently opposed the government move to sell the building and has sought to reconsider the decision.
"We are already generating Rs. 130 crore annually from the building and can generate Rs. 400-500 crore a year. There is huge scope for advertising the way it happens in the US and other countries," a senior executive said.
16/04/19 IANS/NDTV
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