In a significant move that underscores the deepening strategic alliance between India and Israel, a subsidiary of the state-owned Israel Aerospace Industries (IAI) has completed a major real estate deal in Gurugram. The transaction for a substantial office space is a pivotal step for IAI as it expands its footprint in the Indian market, particularly in line with the “Atmanirbhar Bharat” and “Make in India” initiatives aimed at fostering self-reliance in the defense sector. This expansion is not just a corporate milestone but a testament to the growing trust and collaboration between the two nations on advanced technology and defence manufacturing.
The deal involves the lease of 45,277 square feet of premium office space at Intellion IT Park in Sector 59, Gurugram. Located on the 12th floor of Tower 1, the new facility is set to become a central hub for IAI’s operations in India. According to documents, the lease is for a five-year term with a monthly rent of ₹32.14 lakh, which totals approximately ₹20.5 crore over the entire duration. The property was leased from Mikado Realtors Pvt Ltd, a company associated with the Tata Group, highlighting the high-value nature of the transaction. The lease agreement also includes a 15% rent escalation every three years, a standard feature for long-term commercial leases in the region.
The timing of this investment is particularly relevant, as Gurugram’s commercial real estate market has been experiencing a robust surge in demand, with large-scale transactions becoming a common trend. The city’s reputation as a magnet for multinational corporations is further solidified by this deal, following other recent major leases by companies like Nagarro and Table Space Technologies. This dynamic market, characterized by modern infrastructure and a large talent pool, makes Gurugram an ideal location for a global defence and aerospace giant like IAI to set up a new operational base. The new Israel Aerospace Industries Gurugram office is a key indicator of this sustained market confidence.
Why the Israel Aerospace Industries Gurugram Office is a Strategic Move
The establishment of this new office is a critical element of IAI’s long-term strategy in India. The company has publicly stated its intentions to set up a large-scale hub for the maintenance, repair, and overhaul (MRO) of defence equipment, directly contributing to India’s self-reliance goals. This facility, operating under the subsidiary Israel Aerospace India Services Pvt Ltd, has received the necessary approvals under Special Economic Zone (SEZ) norms to undertake IT-enabled services, including essential repair and maintenance, and business support. The new Israel Aerospace Industries Gurugram office will serve as a launchpad for these activities, creating a platform for technology transfer and job creation for skilled Indian professionals.
IAI’s presence in India dates back several years, with numerous collaborations with Indian agencies and public sector undertakings on the development of defence equipment. The launch of its new subsidiary and this subsequent office lease demonstrate a more formal and committed approach to its Indian operations. The new Israel Aerospace Industries Gurugram office will not only facilitate smoother business processes but also act as a nerve center for expanding its partnerships and providing on-the-ground support for its sophisticated systems. The company’s press statements have highlighted its determination to embrace the spirit of Atmanirbhar Bharat, and this real estate move is a tangible manifestation of that commitment.
The strategic location of the Israel Aerospace Industries Gurugram office at Intellion IT Park is also a significant advantage. Its proximity to key access routes, including Golf Course Extension Road, NH-8, and Delhi, provides excellent connectivity, which is crucial for a company with vast operational and logistical requirements. This accessibility, combined with Gurugram’s thriving business ecosystem, positions IAI for successful and scalable operations. The decision to establish the new Israel Aerospace Industries Gurugram office cements the company’s long-term vision and signifies a new era of enhanced defence and aerospace cooperation between India and Israel, reinforcing India’s role as a vital global partner.
Source: HT
