Table Space Technologies Private Limited, a leading flexible workspace solutions provider in India, has signed a landmark lease for 5,34,532 sq. ft. of office space at Intellion Park in Sector 59, Gurugram. The agreement, valued at ₹3.47 crore per month at ₹65 per sq. ft., marks a significant expansion of Table Space’s footprint and underscores growing demand for flexible and enterprise-managed workspaces in the region.
Prime Location and Connectivity Advantages
Intellion Park, developed by Mikado Realtors Private Limited—a Tata Group company—offers excellent connectivity through major access roads including Golf Course Road, MG Road, Faridabad Road, and easy access to Sohna Road, NH 8, and Delhi. The site also benefits from proximity to the Southern Peripheral Road, Dwarka Expressway, Delhi-Mumbai Expressway, and a metro station within a 10-minute drive, making it a strategic location for businesses seeking premium office infrastructure.
Lease & Financial Terms
The lease, effective from August 1, 2024, spans six years till July 31, 2030, with a lock-in period of three years. Monthly rent stands at ₹3.47 crore until June 2025, followed by an increase to ₹4.17 crore (inclusive of ₹13 per sq. ft. maintenance) from July 2025. The deal includes 617 covered basement car parking spaces and provides a fit-out period of eleven months during which Table Space pays only half the maintenance charges. Rent escalates by 15% every three years, and the agreement allows for renewal periods of four years plus an extension of five additional years. The upfront financials include a refundable security deposit equivalent to three months’ rent, with escalation provisions, along with stamp duty and registration fees totaling over ₹1.58 crore.
Leading Flexible Workspace Provider in India
Founded in 2017, Table Space has rapidly grown its portfolio and currently manages over 10.5 million sq. ft. of custom-designed workspaces across 75+ centers in key Indian cities. The company focuses on enterprise-grade, managed workspace solutions, catering to global organizations seeking flexible and scalable office environments.
Market Context and Future Outlook
The Gurugram market, particularly along Golf Course Extension Road, has seen robust activity with 5.23 million sq. ft. of office space supplied between 2022 and 2024, while leasing absorption reached 2.72 million sq. ft. during the same period. Average rentals along this corridor hover around ₹78 per sq. ft., indicating sustained demand and stable pricing dynamics.
FlexInsights Take
Table Space’s sizeable lease deal at Intellion Park is a clear testament to the growing maturity of India’s flexible workspace sector, especially in top-tier commercial hubs like Gurugram. The combination of strategic location, premium amenities, and adaptable lease terms positions Table Space to meet evolving corporate workspace needs. As enterprises increasingly embrace hybrid and flexible work models, players like Table Space are well poised to drive innovation and growth in India’s commercial real estate ecosystem in the years ahead.
