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Air India leases seven floors of Gurugram

Air India leases seven floors of Gurugram building for Rs 24-crore annual rent

For a yearly rent of ₹1.89 crore, Air India is to lease square bases of office space in Block 5 of Vatika One on One, gauging from the ground bottom to the sixth bottom. At an periodic rent of Rs24.05 crore, the Tata Group- possessed Air India has leased seven bottoms totalling1.80 lakh square bases at Vatika One on One in Gurugram for a period of five times. In September, Vatika One on One Pvt Ltd and Air India Ltd registered a parcel agreement. For a yearly rent of Rs1.89 crore, Air India is to lease square bases of office space in Block 5 of Vatika One on One, gauging from the ground bottom to the sixth bottom, according to enrollment records seen byPropstack.com. Vatika One on One is a 12- acre office complex in Sector 16 of Gurugram, positioned on National Highway 48. It's six kilometres down from the Indira Gandhi International Airport and has six separate halls facing a porch. It provides signal-free connectivity. According to the records, the airline, which is growing snappily since being privatised, paid an interest-free refundable security deposit of Rs11.34 crore as part of the agreement, which gives the letter 180 parking spots for buses and an redundant 18 places in Block 5. The parcel began on September 29, 2023, and the rent will be due six months after the inception date. A rent-free fit- eschewal time has been granted to the letter until the launch of the rent period in March 2024. A condition in the agreement states that after three times, the periodic rent will increase by 15 percent.