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.
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