The training centre of Tata-owned Air India is located in Sector 75 of Gurgaon, and it occupies approximately 620,000 square feet.
According to documents obtained by real estate data analytics company CRE Matrix, Air India has signed a lease agreement to occupy commercial space spanning 6.2 lakh square feet in Gurgaon’s E-Innovation Centre, Sector 75, at an annual rent of more than ₹90 crore for 21 years.
Starting at ₹2.40 lakh per month, the rent includes a ₹14.40 crore security deposit. The documents indicated that a stamp duty of ₹3.89 crore was paid for the transaction. On October 18, the lease deed was registered.
Additionally, the airline has leased a space totaling 2.66 lakh square feet for ₹2.85 crore per month and ₹48.04 crore annually. For the transaction, it has paid a ₹17.10 crore security deposit. On October 18, 2023, the lease was registered, and ₹4.32 crore in stamp duty was paid.
The land has four hundred and fifty parking spaces. According to the documents, there is a 4 percent rent escalation section in the agreement at the end of each year.