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Air India's Mumbai flats on sale; reserve prices from Rs 1 cr to Rs 10 cr

Air India expects to get at least Rs 305 crore from the sale of 42 apartments

Sai Manish  |  New Delhi 

The Modi government, true to its intentions of divesting of Air India, has put apartments owned by the airline across Mumbai on the block. These apartments, most of which are concentrated in upmarket South Mumbai, are expected to fetch Air India at least Rs 305 crore.

According to the company’s auction documents, the minimum prices (called the reserve price from which bidding shall start) ranges from a little under Rs 1 crore to above Rs 10 crore. While the bids for some these properties need to be submitted on or before August 31, bids for others can be submitted a day later ...

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First Published: Thu, August 24 2017. 08:55 IST
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