Table Space Secures Massive Office Lease in Gurugram’s Intellion Park

Table Space Technologies, a leading flexible workspace provider, has inked one of Gurugram’s largest commercial leasing deals. The company has taken on lease 5.34 lakh sq. ft. of office space at Intellion Park, Sector 59, Gurugram, for a monthly rent of ₹3.47 crore, according to property registration documents.

Key Details of the Deal

• Parties Involved: Table Space Technologies Pvt. Ltd. and Mikado Realtors Pvt. Ltd., a Tata Group company under Tata Realty and Infrastructure Ltd.
• Transaction Date: Registered on July 25, 2025.
• Lease Duration: Six years, starting from August 1, 2024, to July 31, 2030.
• Lock-in Period: Three years.
• Rental Rate: ₹65 per sq. ft.
• Monthly Rent (Post Fit-Out Period): ₹4.16 crore, effective from July 1, 2025.
• Escalation Clause: 15% rent hike every three years.
• Security Deposit: Equivalent to three months’ rent, interest-free and refundable.

Fit-Out Period & Charges

Table Space has been allotted 11 months (August 2024 – June 2025) to carry out fit-outs. During this period, the company will only pay 50% of the maintenance charges (₹6.5 per sq. ft). From July 2025, full maintenance charges of ₹13 per sq. ft will apply.

Infrastructure & Connectivity

The leased property is a G+12 office tower offering 617 covered car parking spaces in the basement. Located on Golf Course Extension Road, Intellion Park is a premium business hub with excellent connectivity:

• Proximity to MG Road, Faridabad Road, Sohna Road, NH 8, and Delhi.
• Easy access to Southern Peripheral Road, Dwarka Expressway, and Delhi-Mumbai Expressway.
• A metro station within 10 minutes’ drive.

Stamp Duty & Registration Costs

The deal attracted a stamp duty of ₹1.58 crore and registration charges of ₹50,003.

Table Space’s Growth Story

Founded in 2017, Table Space has rapidly expanded into one of India’s leading managed workspace solution providers. As of December 2024, its portfolio stood at 100.5 lakh sq. ft. of custom workspaces spread across 75+ centers in major business hubs nationwide. The company specializes in providing enterprise-grade flexible office solutions to global corporations.

Market Outlook – Golf Course Extension Road

Between 2022 and 2024, the Golf Course Extension Road micro-market witnessed 5.23 million sq. ft. of fresh supply of office space, with 2.72 million sq. ft. leased during the same period. Average rentals in this prime corridor stood at ₹78 per sq. ft., making Table Space’s lease a significant transaction in line with market trends.