India, Aug. 20 -- Israel Aerospace India Services Pvt Ltd, a subsidiary of Israel Aerospace Industries (IAI), the state-owned aerospace and aviation manufacturer in Israel, has leased 45,277 sq ft of office space in Gurugram for a monthly rent of Rs.32.14 lakh, according to documents accessed by Propstack.

The space is located at Intellion IT Park, Tower 1 in Gurugram. The company will occupy the 12th floor of the tower under a fresh five-year lease beginning May 5, 2025, the documents showed.

Over the lease tenure of 60 months, the company will pay about Rs.20.5 crore in rent, with a 15% escalation every three years. The space has been taken from landlord Mikado Realtors Pvt Ltd, a Tata Group Company (Tata Realty and Infrastructure Ltd...