Table Space Enters Delhi-NCR Market with Significant Lease from DLF
Lease Details
- Location: Delhi and Gurugram
- Leased Space: Over 200,000 square feet
- Properties Involved:
- DLF Prime Towers in Okhla, Delhi (approx. 60,000 sq ft)
- Inside Cyber City in Gurugram (approx. 1.7 lakh sq ft)
Table Space's Expansion Plans
"We have captured significant space in both Delhi and Gurugram, marking our entry into the Delhi-NCR market. Our focus will be on expanding further in this lucrative market," stated Kunal Mehra, co-founder of Table Space. The company, known for offering 'Grade A' workspaces, caters to large and mid-market tenants seeking extensive occupancy periods.
DLF's Recent Collaborations
- Simpliwork: Has taken up an additional 44,000 sq ft at DLF Prime Towers last month.
- Occupancy at Prime Towers: With this, only 47,000 sq ft remains vacant out of the total 650,000 sq ft rental area. The vacant space includes 13,000 sq ft of retail shops on the ground floor.
- Rental Details at Prime Towers:
- Average Rental: Rs 75 per sq ft per month
- Basic Region Maintenance Charges: Rs 11 per sq ft per month
India's Appeal for Global Organizations
India stands out as a highly attractive destination for global entities seeking high-value work and talent pools. This is further evidenced by:
- Recent Key Lease: DLF's lease of 200,000 sq ft to Facebook in Gurugram’s Cyber City, with rentals averaging Rs 120 per sq ft.
- Upcoming Developments: The 11 million sq ft DLF Downtown project in Gurugram, being developed under DLF Cyber City Developers, a joint venture between DLF and GIC.