The Maharashtra government has used the Land Acquisition Act to acquire office space in the Reliance Centre building at Ballard Estate in South Mumbai, which used to be the corporate headquarters of the Anil Ambani-led Reliance Group until last year. After a long-drawn legal battle, the state acquired a 6,216 square foot premises on the building’s third floor.
Real estate dealers said the acquired space would command rental of nearly Rs 12 lakh a month. Ballard Estate fetches among the highest prices for commercial real estate in Mumbai.