Table Space Secures 5.34 Lakh Sq Ft Office Space in Gurugram for ₹3.47 Crore Monthly Rent
Table Space Technologies Private Limited, a prominent flexible workspace solution provider, has leased 5.34 lakh sq ft of office space in Intellion Park, Gurugram, for a monthly rent of ₹3.47 crore. The lease agreement spans six years and includes a 15% rent escalation every three years.
Flexible WorkspaceOffice LeaseGurugramTable SpaceReal EstateReal Estate MumbaiAug 16, 2025
The per sq ft rate for the leased space is ₹65, as indicated by the property registration document reviewed by NSE-listed real estate data analytics firm PropEquity. 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, with the Southern Peripheral Road, Dwarka Expressway, and Delhi-Mumbai Expressway within easy reach. The metro station is just a 10-minute drive away.
According to the registration document, the lease agreement is valid for six years, starting from August 1, 2024, and ending on July 31, 2030. The lease includes a lock-in period of three years and a fit-out period of eleven months from the lease commencement date (August 1, 2024) to June 30, 2025. During this fit-out period, Table Space will only be required to pay 50% of the maintenance charges, which amount to ₹6.5 per sq. ft.
The full maintenance charge of ₹13 per sq. ft will commence from July 1, 2025, bringing the total 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 the same 15% escalation every three years.
Upon the expiry of the initial lease period, Table Space has the option to renew the agreement for an additional four years, followed by another five years if desired. 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, founded in 2017, is a leading flexible workspace solution provider in India, specializing in enterprise-managed workspace solutions for global enterprises. As of December 2024, the company's portfolio comprises 100.5 lakh sq. ft of custom workspaces across over 75 centers in key clusters in India.
According to PropEquity, the Golf Course Extension Road area has seen a significant supply of 5.23 million sq. ft of office space between 2022 and 2024, with leasing activity standing at 2.72 million sq. ft. The average rental rate in the area is ₹78 per sq. ft, making it a prime location for businesses looking to expand their operations in Gurugram.
Frequently Asked Questions
What is the total lease period for Table Space's office space in Gurugram?
The lease agreement is valid for six years, starting from August 1, 2024, and ending on July 31, 2030.
What is the monthly rent for the leased office space?
The monthly rent for the leased office space is ₹3.47 crore.
How many covered car parking spaces will be available in the office building?
The office building will provide 617 covered car parking spaces in the basement.
What is the per sq ft rate for the leased space?
The per sq ft rate for the leased space is ₹65.
What is the fit-out period provided in the lease agreement?
The lease agreement provides a fit-out period of eleven months from the lease commencement date (August 1, 2024) to June 30, 2025.
Related News Articles
Vadhvan Port Project Extends Deadline for Expression of Interest to August 23
Maharashtra Maritime Board extends deadline for Expression of Interest for Vadhvan Port Project; PM Modi to attend ground-breaking ceremony
India's Housing Market Sees 18% Decline in Sales Across Top 9 Cities
Housing sales decline by 18% year-on-year during July-September quarter, with only Delhi NCR and Navi Mumbai seeing a rise in sales.
WeWork India Secures Major ₹1.38 Crore Monthly Lease in Powai
WeWork India has secured a significant lease agreement for 1.26 lakh square feet of commercial space at Powai, highlighting its strategic expansion in Mumbai's real estate market.
Budget 2025: NAREDCO Advocates for Increase in Housing Loan Interest Tax Deduction
Budget 2025: NAREDCO Chairman Niranjan Hiranandani urges for an increase in the tax deduction limit for housing loan interest payments, aiming to boost the affordable housing sector.
Wonderhomz Hosts Inaugural Real Estate Summit in J&K
In a landmark move, Wonderhomz, a leading real estate firm, organized the first-ever real estate summit in Jammu and Kashmir, attracting industry leaders and property enthusiasts from across the region.
Pune: Suryadatta Institutes of Management Claims 32nd Position in Top 50 B-Schools
Pune: Suryadatta Institutes of Management, a leading educational institution in Pune, has been ranked 32nd among the top 50 B-Schools in India. This achievement highlights the institute’s commitment to excellence in management education and its focus on p