Table Space Secures Major 5.3 Lakh Sq. Ft. Office Lease in Gurugram
Table Space Technologies Pvt. Ltd., a leading flexible workspace provider, has leased 5.34 lakh sq. ft. at Intellion Park, Gurugram, with a monthly rent of Rs 3.47 crore, increasing to Rs 4.17 crore from July 2025. This strategic expansion reinforces Gurugram’s position as a top corporate hub.
Office LeaseFlexible WorkspaceGurugramTable SpaceIntellion ParkReal EstateAug 18, 2025
The lease agreement spans six years, beginning August 1, 2024, and ending July 31, 2030, with a lock-in period of three years. Intellion Park, strategically located off Golf Course Extension Road, offers seamless connectivity through Golf Course Road, MG Road, Faridabad Road, Sohna Road, NH 8, the Delhi-Mumbai Expressway, and the upcoming Dwarka Expressway. A metro station is also within a 10-minute drive, enhancing accessibility for occupiers.
As per the agreement, Table Space will pay a monthly rent of Rs 3.47 crore until June 2025, with reduced maintenance charges during this period. From July 1, 2025, the rent will increase to Rs 4.17 crore per month, inclusive of Rs 13 per sq. ft. maintenance charges. The lease deed also provides for a 15 percent escalation in rentals every three years. A refundable security deposit equivalent to three months’ rent has been deposited, which will also be subject to escalation. The company has additionally secured 617 covered parking spaces in the office complex.
The agreement includes an 11-month fit-out period from August 1, 2024, to June 30, 2025, during which Table Space will pay only 50 percent of the maintenance charges, at Rs 6.5 per sq. ft. The full rent and maintenance obligations will commence from July 2025. The transaction also incurred a stamp duty of Rs 1.58 crore and registration charges of Rs 50,003. Upon expiry, the lease can be renewed for a further period of four years, with an option for an additional five-year extension.
Founded in 2017, Table Space is among India’s fastest-growing workspace providers, specializing in enterprise-managed flexible offices tailored to global corporations. As of December 2024, the company had a portfolio of 10.5 million sq. ft. across more than 75 centers in major business hubs across India. The Gurugram transaction is one of its most significant expansions, adding considerable scale to its portfolio in a market that has become a magnet for corporate occupiers.
Intellion Park, developed by Tata Realty, is a Grade-A office destination that has been attracting large enterprises and managed workspace providers due to its infrastructure and location advantages. For Table Space, the transaction represents a long-term bet on Gurugram’s growing appeal as a corporate hub. According to PropEquity, the Golf Course Extension Road corridor witnessed the supply of 5.23 million sq. ft. of office space between 2022 and 2024, with leasing activity of 2.72 million sq. ft. during the same period. Average rentals in the area stood at Rs 78 per sq. ft., higher than the rent struck in this deal, suggesting a competitive edge for Table Space.
Industry observers believe such large-scale transactions by managed workspace operators highlight the increasing demand from enterprises for flexible yet premium-grade offices. With this lease, Table Space has reinforced its position as a dominant player in India’s managed office space sector while underlining Gurugram’s emergence as one of the most sought-after business destinations in the country.
Frequently Asked Questions
What is the size of the office space leased by Table Space in Gurugram?
Table Space has leased 5,34,532 sq. ft. of office space at Intellion Park, Sector 59, Gurugram.
What is the monthly rent for the leased office space?
The monthly rent for the leased office space is Rs 3.47 crore, increasing to Rs 4.17 crore from July 2025.
What is the duration of the lease agreement?
The lease agreement spans six years, from August 1, 2024, to July 31, 2030, with a lock-in period of three years.
How many covered parking spaces are included in the lease?
The lease includes 617 covered parking spaces in the office complex.
What is the significance of this lease for Table Space and Gurugram?
This lease is significant for Table Space as it adds considerable scale to its portfolio and reinforces its position in the managed office space sector. For Gurugram, it highlights the city's growing appeal as a corporate hub.
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