Table Space Secures 5.34 Lakh Sq. Ft Office Space in Gurugram for ₹3.5 Cr Monthly Rent
Table Space Technologies Private Limited has leased 5,34,532 sq. ft. of office space at Intellion Park in Gurugram, with a monthly rent of ₹65 per sq. ft., totaling ₹3.47 crore. The lease agreement, reviewed by PropEquity, is for six years with a lock-in period of three years.
Table SpaceGurugramOffice SpaceReal EstateLease AgreementReal EstateAug 18, 2025
The transaction was registered on July 25, 2025, between Table Space Technologies Private Limited and Mikado Realtors Private Limited, a subsidiary of the Tata Group (Tata Realty and Infrastructure Ltd.). Intellion Park is strategically located off Golf Course Extension Road, 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 nearest metro station is a 10-minute drive away.
According to the registration document, the lease agreement is for a period of 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 (until 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 and registration: ₹1.58 crore and ₹50,003, respectively.
Table Space will have 11 months for fit-outs, paying only 50% of maintenance charges during this period. The lease also includes 617 covered parking spaces. The fit-out period extends from the Lease Commencement Date (August 1, 2024) to June 30, 2025, during which Table Space will 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 provides for a 15% escalation in lease rent after every three years. The agreement also 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 can be renewed for a period of four years upon expiry and further extended by an additional five years. The G+12 structure office building will also include 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, 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 2022-24, with leasing standing at 2.72 million sq. ft. The average rentals in this area are ₹78 per sq. ft.
Frequently Asked Questions
What is the total area of the office space 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 office space?
The monthly rent for the leased office space is ₹65 per sq. ft., totaling ₹3,47,44,580.
Who is the landlord in this lease agreement?
The landlord in this lease agreement is Mikado Realtors Private Limited, a subsidiary of the Tata Group (Tata Realty and Infrastructure Ltd.).
How long is the lease agreement valid for?
The lease agreement is valid for six years, starting from August 1, 2024, to July 31, 2030, with a lock-in period of three years.
What are the key terms of the lease agreement?
Key terms include a monthly rent of ₹65 per sq. ft., a security deposit of three months’ rent, a fit-out period of 11 months with reduced maintenance charges, and a 15% escalation in lease rent every three years.
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