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Mumbai: AI to lease its building, just not to Sahara

Cash stripped Air India had decided to bring in some cash by leasing out some of its properties. One prominent property includes office space in the AI building at Nariman Point. Although Sahara India is interested to take a lease from AI for a period of 30 years, AI has turned down this offer.

 

One of the chief reasons to do this is while AI wishes to lease all except the top three floors for a period of few years, Sahara India wants to rent out the space of 16,00,000 sq. ft. for an elongated period of time. Moreover, AI representatives worry that AI might lose the naming rights of the building.

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