Table Space Leases Over 5 Lakh Sq Ft Office Space in Gurugram for ₹3.5 Crore Monthly Rent
Table Space Technologies Private Limited has leased 5.34 lakh sq ft of office space in Intellion Park, Gurugram, for ₹3.47 crore per month. The lease agreement is for six years, with a fit-out period of 11 months.
Office SpaceGurugramTable SpaceLease AgreementReal EstateReal Estate NewsAug 16, 2025
The per sq ft rate works out to be ₹65, as per the documents. Intellion Park is strategically located right off the Golf Course Extension Road in Gurugram. It offers excellent connectivity through the main access roads such as Golf Course Road, MG Road, and Faridabad Road, and is also well-connected to Sohna Road, NH 8, and Delhi. The Southern Peripheral Road, Dwarka Expressway, and Delhi-Mumbai Expressway are within easy reach, and the metro station is just a 10-minute drive away.
The lease agreement has been signed for six years, starting from the lease commencement date of August 1, 2024, and ending on July 31, 2030. The lease deed is subject to a lock-in period of three years. Table Space will have 11 months for carrying out fit-outs. The lease deed provides for a fit-out period of eleven months from the Lease Commencement Date (August 1, 2024) to June 30, 2025, during which Table Space will be required to pay only 50% of the maintenance charges, i.e., ₹6.5 per sq. ft.
The rent commencement and full maintenance charge of ₹13 per sq. ft. will begin from July 1, 2025, amounting to a monthly rent of ₹4,16,93,496. The agreement also includes a 15% escalation in lease rent after every three years. The agreement requires the deposit of three months' rent as an interest-free refundable security deposit, with a 15% escalation after every three years. The lease agreement, upon expiry, can be renewed for a period of four years and thereafter an additional five years, as per the documents.
The G+12 structure office building will also feature 617 covered car parking spaces in the basement. The transaction incurred a stamp duty payment of ₹1,58,53,000 and registration charges of ₹50,003, as shown in the documents.
Table Space is a leading flexible workspace solution provider in India, specializing in providing enterprise-managed workspace solutions to global enterprises. Founded in 2017, Table Space's portfolio comprises 100.5 lakh sq. ft of custom workspaces for enterprises as of December 2024, with over 75+ centers across key clusters in India. According to PropEquity, Golf Course Extension Road saw the supply of 5.23 million sq. ft. office space between 2022-24, with leasing standing at 2.72 million sq. ft. The average rentals in the area stood at ₹78 per sq. ft.
Frequently Asked Questions
What is the total area leased by Table Space in Gurugram?
Table Space has leased 5.34 lakh sq ft of office space in Gurugram.
What is the monthly rent for the leased space?
The monthly rent for the leased space is ₹3.47 crore.
Who is the landlord in this lease agreement?
The landlord in this lease agreement is Mikado Realtors Private Limited, a Tata Group Company (Tata Realty and Infrastructure Ltd).
How long is the lease agreement for?
The lease agreement is for six years, starting from August 1, 2024, to July 31, 2030.
What is the fit-out period provided in the lease agreement?
The fit-out period provided in the lease agreement is 11 months, from August 1, 2024, to June 30, 2025.
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