{"id":7298,"date":"2025-08-18T08:44:04","date_gmt":"2025-08-18T08:44:04","guid":{"rendered":"https:\/\/housiey.com\/blogs\/?p=7298"},"modified":"2025-08-18T08:44:04","modified_gmt":"2025-08-18T08:44:04","slug":"table-space-secures-massive-office-lease-in-gurugrams-intellion-park","status":"publish","type":"post","link":"https:\/\/housiey.com\/blogs\/table-space-secures-massive-office-lease-in-gurugrams-intellion-park","title":{"rendered":"Table Space Secures Massive Office Lease in Gurugram\u2019s Intellion Park"},"content":{"rendered":"<p>Table Space Technologies, a leading flexible workspace provider, has inked one of Gurugram\u2019s largest commercial leasing deals. The company has taken on lease <strong>5.34 lakh sq. ft. of office space<\/strong> at Intellion Park, Sector 59, Gurugram, for a monthly rent of <strong>\u20b93.47 crore<\/strong>, according to property registration documents.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/housiey.com\/blogs\/table-space-secures-massive-office-lease-in-gurugrams-intellion-park\/#Key_Details_of_the_Deal\" >Key Details of the Deal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/housiey.com\/blogs\/table-space-secures-massive-office-lease-in-gurugrams-intellion-park\/#Fit-Out_Period_Charges\" >Fit-Out Period &amp; Charges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/housiey.com\/blogs\/table-space-secures-massive-office-lease-in-gurugrams-intellion-park\/#Infrastructure_Connectivity\" >Infrastructure &amp; Connectivity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/housiey.com\/blogs\/table-space-secures-massive-office-lease-in-gurugrams-intellion-park\/#Stamp_Duty_Registration_Costs\" >Stamp Duty &amp; Registration Costs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/housiey.com\/blogs\/table-space-secures-massive-office-lease-in-gurugrams-intellion-park\/#Table_Spaces_Growth_Story\" >Table Space\u2019s Growth Story<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/housiey.com\/blogs\/table-space-secures-massive-office-lease-in-gurugrams-intellion-park\/#Market_Outlook_%E2%80%93_Golf_Course_Extension_Road\" >Market Outlook \u2013 Golf Course Extension Road<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Details_of_the_Deal\"><\/span><strong>Key Details of the Deal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Parties Involved<\/strong>: Table Space Technologies Pvt. Ltd. and Mikado Realtors Pvt. Ltd., a Tata Group company under Tata Realty and Infrastructure Ltd.<\/li>\n<li><strong>Transaction Date<\/strong>: Registered on <strong>July 25, 2025<\/strong>.<\/li>\n<li><strong>Lease Duration<\/strong>: <strong>Six years<\/strong>, starting from <strong>August 1, 2024, to July 31, 2030<\/strong>.<\/li>\n<li><strong>Lock-in Period<\/strong>: Three years.<\/li>\n<li><strong>Rental Rate<\/strong>: \u20b965 per sq. ft.<\/li>\n<li><strong>Monthly Rent (Post Fit-Out Period)<\/strong>: <strong>\u20b94.16 crore<\/strong>, effective from <strong>July 1, 2025<\/strong>.<\/li>\n<li><strong>Escalation Clause<\/strong>: 15% rent hike every three years.<\/li>\n<li><strong>Security Deposit<\/strong>: Equivalent to three months\u2019 rent, interest-free and refundable.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Fit-Out_Period_Charges\"><\/span><strong>Fit-Out Period &amp; Charges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Table Space has been allotted <strong>11 months<\/strong> (August 2024 \u2013 June 2025) to carry out fit-outs. During this period, the company will only pay <strong>50% of the maintenance charges<\/strong> (\u20b96.5 per sq. ft). From July 2025, full maintenance charges of \u20b913 per sq. ft will apply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Infrastructure_Connectivity\"><\/span><strong>Infrastructure &amp; Connectivity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The leased property is a <strong>G+12 office tower<\/strong> offering <strong>617 covered car parking spaces<\/strong> in the basement. Located on Golf Course Extension Road, Intellion Park is a premium business hub with excellent connectivity:<\/p>\n<ul>\n<li>Proximity to <strong>MG Road, Faridabad Road, Sohna Road, NH 8, and Delhi<\/strong>.<\/li>\n<li>Easy access to <strong>Southern Peripheral Road, Dwarka Expressway, and Delhi-Mumbai Expressway<\/strong>.<\/li>\n<li>A metro station within <strong>10 minutes\u2019 drive<\/strong>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Stamp_Duty_Registration_Costs\"><\/span><strong>Stamp Duty &amp; Registration Costs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The deal attracted a stamp duty of <strong>\u20b91.58 crore<\/strong> and registration charges of <strong>\u20b950,003<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Table_Spaces_Growth_Story\"><\/span><strong>Table Space\u2019s Growth Story<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Founded in <strong>2017<\/strong>, Table Space has rapidly expanded into one of India\u2019s leading managed workspace solution providers. As of <strong>December 2024<\/strong>, its portfolio stood at <strong>100.5 lakh sq. ft. of custom workspaces<\/strong> spread across <strong>75+ centers<\/strong> in major business hubs nationwide. The company specializes in providing enterprise-grade flexible office solutions to global corporations.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook_%E2%80%93_Golf_Course_Extension_Road\"><\/span><strong>Market Outlook \u2013 Golf Course Extension Road<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Between 2022 and 2024, the Golf Course Extension Road micro-market witnessed <strong>5.23 million sq. ft. of fresh supply<\/strong> of office space, with <strong>2.72 million sq. ft. leased<\/strong> during the same period. Average rentals in this prime corridor stood at <strong>\u20b978 per sq. ft.<\/strong>, making Table Space\u2019s lease a significant transaction in line with market trends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Table Space Technologies, a leading flexible workspace provider, has inked one of Gurugram\u2019s largest commercial leasing deals. The company&hellip;<\/p>\n","protected":false},"author":5,"featured_media":7299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[76,70],"tags":[],"class_list":["post-7298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gurugram","category-latest-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Table Space Secures Massive Office Lease in Gurugram\u2019s Intellion Park<\/title>\n<meta name=\"description\" content=\"Table Space Technologies, a leading flexible workspace provider, has inked one of Gurugram\u2019s largest commercial leasing deals. 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Today, her work stands out for its clarity, accuracy, and ability to simplify complex property concepts for readers. At Housiey, every article crafted by L. Sadriwala reflects thorough research, verified facts, and a reader-first approach. From decoding housing policies and trends to offering in-depth builder reviews and project insights, her mission is clear: to empower homebuyers and investors with the knowledge they need to make confident property decisions. Her writing not only informs but also builds trust, making her one of the most credible editorial voices in the real estate space.","gender":"Female","knowsAbout":["Content Writer"],"knowsLanguage":["English","Hindi"],"jobTitle":"Content Writer","worksFor":"L. 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