Air India Preleased Investment in Gurgaon

National Highway 48, Gurgaon

PRICE

1.22Cr Onwards*

SIZE

CONFIGURATIONS

Virtual Space | Retail Shops

STATUS

Ready to Move

RERA NO.

Received

About

Air India has paid an lnterest Free Refundable Security Deposit of ₹11.34 crore as part of the deal with Vatika One on One Pvt Ltd.

The Air India Ltd has signed an agreement to commercially lease seven floors spread across 1.80 lakh sq ft in Vatika One on One in Gurugram Sector 16 for five years at an annual rent of 24.05 crore.

Vatika One on One is an office complex located on National Highway 48 on a 12-acre campus comprising six independent towers facing a piazza. The complex offers a signal free connectivity from the Indira Gandhi International airport, six kms away.

Lease Deed

The lease deed between Vatika One on One Pvt Ltd and Air India Ltd was registered in September. The airline, acquired by the Tata group in January 2022, will lease 1,80,750 sq ft of office space from ground floor to sixth floor in Block 5 of Vatika One on One for a monthly rent of 1.89 crore, according to registration documents accessed and shared by Propstack.com.

The airline, which is rapidly expanding after privatisation, paid an lnterest Free Refundable Security Deposit of 11.34 crore as part of the deal, which allows the lessor 180 car parking space and 18 additional parking spaces in Block 5, according to the documents.

The lease commenced from September 29, 2023 and the lease rent will start six months from the commencement date. The lessor has been given a rent-free fit out period till the commencement of rent in March 2024. The annual rent will see a 15% escalation after three years as per a clause in the agreement, according to the document.

Project Highlights

Located right on NH 48 in Sector 16, Gurgaon, just across The Westin hotel

16 km signal free drive from IGI airport

6 independent towers facing the piazza

Designed by Studio u+a, New York

2.3 mn sq ft 4 star GRIHA certified commercial campus

2 acre landscaped central piazza designed by HM White of New York

First phase leased to Air India

Granite clad facades designed by international architects, plush interiors

Ample parking space to accommodate 2,500 cars in three basements

3RD FLOOR PLAN

Size: 500 – 1200 SQ.FT.

Price: On Request

Block 5

Size: 1500 – 2500 SQ.FT.

Price: On Request

Amenities

Corporate retail

Restaurants

Cafes

2-acre piazza

Food court

Banks

24/7 ambulance

Day care

Vatika One On One – Commercial Spaces On NH8, Gurgaon. One On One. One On One is the most prestigious business address in Sector 16, Gurgaon, on NH 48.

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