On his maiden two-day visit to India in July, United States Secretary of State Antony Blinken met with top diplomats and Prime Minister Narendra Modi to discuss a range of issues, from Covid-19 and vaccination to human rights and democracy and defence transfers and technologies. However, there was no mention of one significant issue—the sale of the Lincoln House in Mumbai. Earlier this year, when Blinken was up for confirmation as secretary of state in Washington, he reportedly committed to prioritising the resolution of the Lincoln House dispute, which was referred to as “an unnecessary irritant in the bilateral ties” between the two nations.
At the heart of the matter is the lease transfer of the 88-year-old mansion by the US to the Poonawallas, the Pune-based vaccine tycoons, for ₹750 crore. If the transfer happens, it could be the biggest-ever real estate deal in the history of India. But it remains stuck as the Indian government, despite several attempts by US officials, refuses to give its stamp of approval. If there is no headway by the end of this month, the Americans will lose a buyer in the Poonawallas who, as per the contract, can opt out of the deal.
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Denne historien er fra August 15, 2021-utgaven av THE WEEK.
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