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Table Space leases 5 lakh sq ft at Gurugram’s Intellion Park for ₹3.5 crore a month and proposes to manage it for Google
Flexible workspace firm Table Space has leased 5 lakh sq ft in Gurugram for ₹3.45 crore a month. The premises are proposed to be sub-leased to Google
Table Space Technologies Private Limited, a flexible workspace solution provider, has taken on lease 5.34 lakh sq ft of office space for ₹3.47 crore per month in Intellion Park in sector 59, Gurugram and the space is proposed to be leased to tech giant Google according to the property registration document reviewed by real estate analytics firms Propequity and Propstack.
The transaction was registered on July 25, 2025 between Table Space Technologies Private Limited and Mikado Realtors Private Limited, a Tata Group Company (Tata Realty and Infrastructure Ltd) for six years.
The per sq ft rate works out to be ₹65, the documents showed.
Intellion Park is located right off the Golf Course Extension Road, in Gurugram. 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 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 will have 11 months for carrying out fit-outs, the documents showed.
Gurugram lease deed: Key highlights
The lease deed also provides for a fit-out period of eleven months from the Lease Commencement Date (August 1, 2024) to June 30, 2025 during which Table Space will be required to pay only 50% of the maintenance charges, i.e ₹6.5 per sq. ft, the documents showed.
The rent commencement and full maintenance charge of ₹13 per sq. ft. shall begin from July 1, 2025 amounting to a monthly rent of ₹4,16,93,496.
The agreement provides for 15% escalation in lease rent after every three years, it showed.
The agreement also requires the deposit of three month rent as interest free refundable security deposit with 15% escalation after every three years, the documents showed.
The lease agreement, upon expiry, can be renewed for a period of four years and thereafter an additional five years, the documents showed.
The G+12 structure office building will also have 617 covered car parking spaces in the basement.
The transaction incurred a stamp duty payment of ₹1,58,53,000 and registration charges of ₹50,003, the documents showed.
Table Space is a flexible workspace solution provider in India and specializes in providing enterprise-managed workspace solutions to global enterprises. Founded in 2017, Table Space's portfolio comprises 100.5 lakh sq. ft of custom workspaces for enterprises as of December 2024, with over 75+ centres across key clusters in India.
Tata Realty Infrastructure and Google could not be reached for a comment.
“At Table Space, we are 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,” said Karan Chopra, chairman and co-CEO.
Experts say that both the Apple deal and the Tablespace deals highlight the trend of large tech firms consolidating operations by leasing full buildings.
Also Read: Apple India leases 2.7 lakh sq ft office space from Embassy Group in Bengaluru for 10 years at over ₹1,000 crore
“Apple India Pvt Ltd has leased nine floors (5th to 13th) in Bengaluru’s Sankey Road from Mac Charles (India) Ltd, covering a carpet area of 1.96 lakh sq ft and a chargeable area of 2.68 lakh sq ft for more than ₹1000 crore over 10 years. Google has taken up 5 lakh sq ft in Gurugram through the managed workspace route, avoiding capex costs. Both deals highlight the trend of large tech firms consolidating operations by leasing full buildings,” said Raja Seetharaman, cofounder Propstack.
