The Maharashtra government officially acquires the iconic Air India building in Mumbai for ₹1,601 crore to centralize state offices and reduce rent costs.

Air India building acquisition by the Maharashtra government concludes with a ₹1,600 crore transfer, aimed at easing administrative office space shortages.

MMRDA has invited bids for a premium 2.7-acre commercial plot in Wadala with a reserve price of ₹1,629 crore, marking a strategic push to develop Mumbai's third major central business district alongside BKC and Nariman Point, with a bid deadline of January 7, 2026.

Nariman Point, Lower Parel, and BKC are major Mumbai commercial real estate areas. Andheri East is a prominent major commercial centre in Mumbai's western suburbs.