Air India is holding negotiations to lease about 400,000 sq ft of office space at Vatika's office complex in Gurugram, Haryana, According to the report, the airline has already signed a letter of intent (LoI) for about 200,000 sq ft with the option of doubling the space later.
Air India is reportedly planning to shift all offices in this building. Other Tata airlines - Vistara and AirAsia - may also shift to the same complex later, the report noted. The Vatika project, One on One, on National Highway 8 is spread across 2.2 million sq ft and is being developed in two phases with an investment outlay of Rs 1,200 crore, it said.
According to a report, Air India Executive Director Harpreet A De Singh has been given the responsibility to complete the transition. Singh will be assisted by consultants from Ernst & Young and a team of professionals from Tata Realty, it said.
The Tata group took over the management of Air India on January 27 after winning the bid for the airline on October 8 last year. Air India has a total of 12,085 employees of which 8,084 are permanent and 4,001 are contractual. Air India Express, its low-cost international arm, has 1,434 employees.
