Air India plans to lease out 17,297 sq ft of commercial space at its erstwhile headquarters in Mumbai, which could fetch the state-owned carrier an additional Rs 5 crore revenues annually.
“We are hopeful of leasing out the proposed space for an up to Rs 300 sq ft per month,” an official said. The airline, which is surviving on government funds as part of a long-term turnaround plan, already rakes in more than Rs 80 crore annually from leasing out of floors in that building.
As many as 16 floors of this 23-storey iconic building located in South Mumbai, which was opened in 1974, have been leased out. The airline has already rented out most of the 4,49,000 sq ft space of the Air India Tower facing the Arabian Sea in the country’s financial capital.
Published 24 January 2016, 16:58 IST