S&A Law Offices acted for AI Assets Holding Limited (AIAHL) in connection with the sale and transfer of the Air India Building, located at Nariman Point, Mumbai, to the Government of Maharashtra (through the Governor of Maharashtra) for a total consideration of INR 1,601 Crores.
The transaction marks one of the most significant government real estate acquisitions in recent years and represents a key milestone in the strategic monetization and divestment of non-core assets of the erstwhile national carrier, which were transferred to AIAHL.
The sale assumes particular significance within the broader framework of Air India’s disinvestment, one of the most consequential and closely scrutinized privatization initiatives undertaken by the Government of India.
As the designated entity responsible for the management and monetization of Air India’s residual assets, AIAHL has played a pivotal role in advancing this mandate. The transfer of the Air India Building to the Government of Maharashtra reflects a major step in this ongoing process.
S&A team was led by partner Kumar Shashwat Singh Sawno, along with principal associates Vishal Singh and Rishabh Chauhan.
