Table Space Technologies, a provider of flexible workspace, has taken on lease as much as 5.35 lakh square feet in office space at a monthly rental of Rs 65 per square feet, amounting to Rs 3.48 crore at Intellion Park in sector 59, Gurugram, according to documents accessed by real estate data analytics firms Propstack and PropEquity.
Intellion Park is located off Gurugram's Golf Course Extension Road, and the space is proposed to be leased to the tech giant Google, according to the document. The transaction was registered on July 25, 2025 between Table Space Technologies and Mikado Realtors, a Tata Group Company (Tata Realty and Infrastructure).
Table Space has paid Rs 10.42 crore as security deposit for the transaction and has incurred a stamp duty of Rs 1.59 crore along with registration charges worth Rs 50,000. Documents show that the lease covers ground-plus-12 floors of the building, along with 617 parking lots.
The lease agreement has been signed for six years starting from lease commencement date of August 1, 2024 till July 31, 2030. The lease deed is also subject to a lock-in period of three years. Table Space has 11 months to carry out fit-outs at the property.
According to the document, the rent commencement and full maintenance charge of Rs 13 per sq ft shall begin from July 1, 2025 amounting to a monthly rent of Rs 4.16 crore (including maintenance charge). The agreement provides for 15 percent escalation in lease rent after every three years.
Confirming the deal, Karan Chopra the Chairman and Co-CEO of Table Space told Moneycontrol that the company is building one of the largest portfolios of enterprise-managed workspaces in India.
“Our recent lease at Intellion Park underscores the strong momentum we see from GCCs and large enterprises expanding rapidly in India and seeking Grade A, tech-enabled offices. Leveraging our scale and track record, we have become the partner of choice for global occupiers seeking premium enterprise managed workspaces. However, for reasons of confidentiality, we do not comment on individual client engagements,” Chopra said.
Tata Realty Infrastructure refused to comment on the transaction, and there was no immediate response from Google on the deal. The copy shall be updated after receiving a response.
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