GURUGRAM- Tata-owned Air India (AI) has entered into a commercial lease agreement to occupy seven floors, spanning 1.80 lakh sq ft in Vatika One on One, situated in Gurugram’s Sector 16, for a duration of five years at an annual rent of ₹24.05 crore.
Vatika One on One is an office complex encompassing a 12-acre campus with six independent towers, conveniently located on National Highway 48. It provides seamless connectivity to the Indira Gandhi International Airport (DEL), located just six kilometers away.
Air India New Office
The lease contract between Vatika One on One Pvt Ltd and Air India Ltd was officially registered in September.
The airline, which the Tata Group acquired in January 2022, will occupy 1,80,750 sq ft of office space from the ground floor to the sixth floor in Block 5 of Vatika One on One, with a monthly rent of ₹1.89 crore, as per the registration documents accessed and shared by Propstack.com.
Following its privatization and robust growth, the airline has submitted an Interest-Free Refundable Security Deposit of ₹11.34 crore as part of the agreement.
In return, the lessor has granted access to 180 car parking spaces and an additional 18 parking spaces in Block 5 in accordance with the provided documents.
The lease officially began on September 29, 2023, with the lease rent scheduled to commence six months from the initiation date.
Additionally, the lessor has been afforded a rent-free fit-out period until the lease rent kicks in, starting from March 2024. As per the agreement, the annual rent is set to increase by 15% after three years.
Inauguration of New Headquarters
According to the source, the Tata Air India group inaugurated the headquarters on a special day. Yes, on July 29, on the birthday of the father of Indian aviation, Mr. Jehangir Ratanji Dadabhoy (J.R.D) Tata, sir.
The decision to centralize workspaces is a crucial aspect of their transformation agenda. Their primary objectives are to enhance collaboration, reinforce the organization’s culture, upgrade employees’ work environment and facilities, and facilitate the seamless adoption of new technology.
According to AI CEO & MD Campbell Wilson, consolidating multiple premises into one and transitioning from a regionalized to a centralized structure marks a significant milestone in Air India’s transformation journey.
This move not only fosters greater collaboration, enhances employees’ work environment, and improves overall efficiency within and across departments but also serves as a powerful catalyst for cultural transformation.
Moreover, with the implementation of new technology and communication platforms and the co-location of Air India with sister airlines, this transition represents an exciting leap forward for the company.
The shift to the interim facility in NCR is scheduled to take place throughout September 2022. Additionally, employees are being provided with the option of flexible work hours.
Moreover, a senior team is reassessing the offices in various cities, some of which are in legacy premises. Notably, Chennai and Kochi offices have already moved to more modern and updated office spaces.
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