Air India, owned by Tata, leases 620,000 sq ft in Gurgaon for a pilot training centre with a simulator. Stagnant commercial office leasing expected., , air india, air india express
The airline will pay an annual rental of about Rs 60 crore, and it has leased the property for a period of 21 years, said people close to the development. They said the developer will construct the building, named E-novation Centre, as per the specifications laid out by the airline. According to documents accessed through floorTap.com, a marketplace for commercial properties, the building will be leased by Innovative Techno Park Ltd.
"Ericsson already has two offices in Gurgaon, and the decision to take a large office with a manager and office space provider has highlighted the demand for managed and flexible space in the country. The company has also signed a 5-year lock-in, which is also very rare in the industry," said one person aware of the development.
Skootr: The company has signed an agreement to lease about 325,000 sq ft for immediate move-in and kept the right of first refusal for another 200,000 sq ft.
"Ericsson already has two offices in Gurgaon, and the decision to take a large office with a manager and office space provider has highlighted the demand for managed and flexible space in the country. The company has also signed a 5-year lock-in, which is also very rare in the industry," said one person aware of the development.