The Tata Group company Air India has leased seven floors totaling 1.80 lakh square feet at Vatika One on One in Gurugram for a period of five years at an annual rate of Rs 24.05 crore.
A lease agreement was registered in September between Vatika One on One Pvt Ltd and Air India Ltd. According to registration records viewed by Propstack.com, Air India is to lease 1,80,750 square feet of office space in Block 5 of Vatika One on One, extending from the ground floor to the sixth floor, for a monthly rent of Rs 1.89 crore.
Situated on National Highway 48 in Sector 16 in Gurugram, Vatika One on One is a 12-acre office complex. It features six distinct towers facing a piazza and is located six kilometers from the Indira Gandhi International Airport. Signal-free connectivity is offered by it.
Records show that as part of the arrangement, the airline—which has experienced rapid growth since going private—paid an interest-free refundable security deposit of Rs 11.34 crore. This amount grants the lessor 180 car parking spaces and an additional 18 spaces in Block 5.
