Table Space Leases Over 5 Lakh sq ft Office Space in Gurugram For Monthly Rent of ₹3.5 Cr

New Delhi, August 16, 2025: Table Space Technologies Private Limited, a flexible workspace solution provider, has taken on lease 5,34,532 sq ft of office space at a monthly rental of INR 65 per sq ft, amounting to INR 3,47,44,580, at Intellion Park, Sector 59, Gurugram, according to the property registration document reviewed by PropEquity.

The transaction was registered on July 25 between Table Space Technologies and Mikado Realtors Private Limited, a Tata Group Company (Tata Realty and Infrastructure Ltd.)

Intellion Park is located right off the Golf Course Extension Road. It offers connectivity through the main access roads: Golf Course Road, MG Road and Faridabad Road, and 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. The metro station is a 10-minute drive.

According to the registration document reviewed by PropEquity, which also tracks residential and commercial transactions, the lease agreement has been signed for six years starting from the lease commencement date of August 1, 2024, to July 31 2030. The lease deed is also subject to a lock-in period of three years.

Table Space will have 11 months for carrying out fit-outs. The lease deed also provides for a fit-out period of 11 months from the lease commencement date to June 30, 2025, during which Table Space will be required to pay only 50 per cent of the maintenance charges, i.e. INR 6.5 per sq ft.

The rent commencement and full maintenance charge of INR 13 per sq ft shall begin from July 1, amounting to a monthly rent of INR 4,16,93,496. The agreement provides for a 15 per cent 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 per cent escalation after every three years.

The G+12 structure office building will also have 617 covered car parking slots in the basement.

The transaction incurred a stamp duty payment of INR 1,58,53,000 and registration charges of INR 50,003.