Table Space Secures 5.34 Lakh Sq Ft Office Space in Gurugram for ₹3.47 Crore Monthly Rent
Table Space, a leading flexible workspace provider, has leased 5.34 lakh sq ft of office space in Gurugram’s Intellion Park for a monthly rent of ₹3.47 crore. The lease agreement, reviewed by PropEquity, is for six years with a lock-in period of three years.
Table SpaceGurugramOffice SpaceLease AgreementReal EstateReal EstateAug 16, 2025
The transaction involves a six-year lease starting from August 1, 2024, and ending on July 31, 2030, with a lock-in period of three years. The per sq ft rate works out to ₹65, as indicated in the documents. Intellion Park is strategically located off the Golf Course Extension Road in Gurugram, offering excellent connectivity through major access roads such as Golf Course Road, MG Road, and Faridabad Road. It 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.
Table Space will have an 11-month period for fit-outs, during which they will only be required to pay 50% of the maintenance charges, amounting to ₹6.5 per sq. ft. The full maintenance charge of ₹13 per sq. ft will commence from July 1, 2025, bringing the monthly rent to ₹4,16,93,496. The lease agreement also includes a 15% escalation in lease rent every three years. Additionally, Table Space is required to deposit three months' rent as an interest-free refundable security deposit, with a 15% escalation every three years.
The lease can be renewed for a period of four years upon expiry and an additional five years thereafter. The G+12 structure office building will also provide 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.
Table Space is a leading flexible workspace solution provider in India, specializing in enterprise-managed workspace solutions for global enterprises. Founded in 2017, the company's portfolio includes 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 area has seen the supply of 5.23 million sq. ft of office space between 2022-2024, with leasing activity standing at 2.72 million sq. ft. The average rentals in the area are ₹78 per sq. ft.
Frequently Asked Questions
What is the monthly rent for the office space leased by Table Space in Gurugram?
Table Space has leased the office space for a monthly rent of ₹3.47 crore.
How long is the lease agreement for the office space in Intellion Park?
The lease agreement is for six years, starting from August 1, 2024, and ending on July 31, 2030.
What is the per sq ft rate for the leased office space?
The per sq ft rate for the leased office space is ₹65.
What is the fit-out period provided in the lease agreement?
Table Space is provided with an 11-month fit-out period from August 1, 2024, to June 30, 2025.
What is the security deposit required for the lease agreement?
Table Space is required to deposit three months' rent as an interest-free refundable security deposit, with a 15% escalation every three years.
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