Table Space Secures 5 Lakh Sq. Ft Office Space in Gurugram for ₹3.5 Cr Monthly Rent
Table Space Technologies Private Limited, a leading flexible workspace solution provider, has leased 5,34,532 sq. ft. of office space in Gurugram's Intellion Park at ₹65 per sq. ft., totaling ₹3.47 crore monthly rent. The lease agreement, registered on July 25, 2025, includes a six-year term and various financial terms.
Flexible WorkspaceOffice SpaceGurugramReal EstateLease AgreementReal Estate NewsAug 18, 2025
Intellion Park is strategically located on Golf Course Extension Road, offering excellent connectivity through major access roads such as Golf Course Road, MG Road, Faridabad Road, and Sohna Road. It is also well-connected to NH 8, the Southern Peripheral Road, Dwarka Expressway, and the Delhi-Mumbai Expressway. The nearest metro station is a 10-minute drive away.
According to the registration document reviewed by PropEquity, a NSE-listed real estate data analytics firm, the lease agreement is for six years, starting from August 1, 2024, and ending on July 31, 2030. The lease deed includes a lock-in period of three years.
The lease terms are as follows:
- Area: 5,34,532 sq. ft. at ₹65 per sq. ft.
- Monthly rent (till June 2025): ₹3.47 crore (with reduced maintenance charges).
- Monthly rent (from July 2025): ₹4.17 crore, including ₹13 per sq. ft. maintenance.
- Security deposit: Three months’ rent, refundable and subject to escalation.
- Stamp duty: ₹1.58 crore
- Registration: ₹50,003
Table Space will have an 11-month fit-out period from August 1, 2024, to June 30, 2025, during which they will pay only 50% of the maintenance charges, i.e., ₹6.5 per sq. ft. The full rent and maintenance charges will commence from July 1, 2025, amounting to ₹4,16,93,496 per month. The lease agreement also includes 617 covered parking spaces and provides for a 15% escalation in lease rent every three years.
The lease agreement can be renewed for a period of four years and further extended by five years upon expiry. The G+12 structure office building will offer 617 covered car parking spaces in the basement.
Table Space is one of the leading flexible workspace solution providers in India, specializing in enterprise-managed workspace solutions for global enterprises. Founded in 2017, Table Space’s portfolio comprises 10.5 million sq. ft. (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, the Golf Course Extension Road has seen the supply of 5.23 million sq. ft. of office space between 2022-24, with leasing at 2.72 million sq. ft. The average rentals in the area stand at ₹78 per sq. ft.
Frequently Asked Questions
What is the total area leased by Table Space in Gurugram?
Table Space has leased 5,34,532 sq. ft. of office space in Gurugram.
What is the monthly rent for the leased space?
The monthly rent for the leased space is ₹3,47,44,580 until June 2025, and it increases to ₹4,17,00,000 from July 2025.
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.).
What is the duration of the lease agreement?
The lease agreement is for six years, starting from August 1, 2024, and ending on July 31, 2030, with a lock-in period of three years.
What are the additional benefits included in the lease agreement?
The lease agreement includes 617 covered parking spaces and a fit-out period of 11 months with reduced maintenance charges.
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