TrueSpace Leasing Solutions Pvt. Ltd

What TrueSpace Leasing Solutions Pvt. Ltd does

TrueSpace Leasing Solutions Pvt. Ltd is a commercial real estate advisory firm headquartered in Gurgaon, Haryana, India, operating under the trade name Truespace and incorporated as an Indian private limited company in 2020. The firm serves both sides of the Delhi NCR commercial real estate market — corporate occupiers seeking office space and commercial landlords seeking enterprise tenants — through three integrated service lines: Lease Advisory & Tenant Representation (space identification, technical shell audits, clause optimisation), Property Management (tenant acquisition, fit-out financing structuring, daily operations), and Design & Build (turnkey office fit-out delivered in 60–90 days under single accountability). Combined delivery across the team is reported at 1.5M+ sq ft and 50+ projects, with public case studies including Airbnb's 15,000 sq ft Experience Centre, CarDekho's 16,020 sq ft office, and Coffee Island's 8,500 sq ft workspace.

The company's underlying technology footprint is minimal: it is positioned as a human-driven professional services firm rather than a software platform. Its differentiating operational capability is in-house engineering personnel who conduct technical shell audits covering raw electrical loads, backup generator thresholds, HVAC ventilation capacities, and structural column grids before clients commit to a lease. No APIs, SDKs, mobile applications, patents, AI/ML capabilities, or proprietary software platform are disclosed. The website is built on Framer, and the digital footprint is limited to a company website and a LinkedIn page; there is no evidence of marketplace, channel partner, or franchise distribution.

Revenue is generated through professional services fees on a project-by-project basis (Lease Advisory), turnkey design & build fees (Design & Build), and managed services (Property Management). Pricing is custom and quote-based, anchored to project scope, square footage, location and service mix, with multi-year contract cadence. Go-to-market is sales-led and founder-driven: a 10–12 person team comprising the CEO (Mudita Dhankar), dedicated Business Development & Leasing personnel (e.g., Gourang Chokhani), Sales & Marketing staff, and Design & Build engineers, conducting direct outreach to enterprise and mid-market clients in Delhi NCR. The company is privately held with no disclosed institutional investors, funding rounds, M&A, or parent company.

Name

TrueSpace Leasing Solutions Pvt. Ltd

Legal name

TrueSpace Leasing Solutions Pvt. Ltd

Website

https://truespace.work

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Truespace is a Gurgaon-based commercial real estate advisory firm providing integrated lease advisory, design & build, and property management services to corporate occupiers and landlords across Delhi NCR, having delivered over 1.5M sq ft across 50+ projects.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (5312), Nonresidential Property Managers (531312)

SIC

Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Specialty & Adaptive-Use Tenant Representation (BPAJALAJ)

akta.pro secondary industries

Space & Occupancy (MAC, Space Planning, Move Management) (BPABAAAG), Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF)

Keywords

• Commercial real estate leasing
• Office space advisory
• Tenant representation
• Office fit-out design
• Commercial property management

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Lease Advisory Services: Strategic tenant representation and space sourcing services for corporate occupiers. Revenue generated through advisory fees and transaction-based arrangements for lease negotiations.
2. Design & Build: Turnkey office design and fit-out services delivered within 60-90 days. Single accountability from design through construction completion. Revenue from project-based fees for design and build delivery.
3. Property Management: Commercial property management services for landlords including tenant sourcing, fit-out financing structuring, and daily building operations management.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Truespace provides integrated commercial real estate services combining three core offerings: Lease Advisory & Tenant Representation (strategic space sourcing with technical due diligence and lease negotiation), Property Management (landlord-side tenant sourcing, fit-out financing structuring, and daily building operations), and Design & Build (turnkey office fit-out construction delivered within 60-90 days). The firm serves corporate occupiers and commercial landlords across Delhi NCR markets including Gurgaon, Noida, and Delhi.

Product overview

TrueSpace is a commercial real estate advisory firm offering an integrated service combining three core offerings: Lease Advisory & Tenant Representation (strategic space sourcing with technical due diligence), Property Management (landlord-side asset management), and Design & Build (turnkey office fit-out construction). The company positions lease as the anchor service and design & build as the differentiator, enabling clients to work with a single team for the full lifecycle of their commercial office needs—from space identification and lease negotiation through to design, construction, and ongoing property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Lease Advisory & Tenant Representation Strategic tenant representation service that identifies and secures premium commercial office spaces in Gurgaon and Delhi NCR. Includes technical shell audits, clause optimisation for rent and CAM parameters, and conflict-free occupier representation for corporate occupiers seeking office space.
• Property Management Commercial property management service for landlords in Delhi NCR covering tenant acquisition, fit-out financing structuring, and daily building operations to maintain asset profitability.
• Design & Build Turnkey office design and construction service across Gurgaon, Noida, and Delhi delivered within 60 to 90 days under single accountability, covering space planning, material specification, and construction for office fit-outs.

Quantifiable outcome

• 1.5M+ sq ft delivered
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Colliers India: Global CRE services firm with significant Indian operations including office leasing, project management and integrated fit-out capability. Closely comparable on the lease + design + build integrated model Truespace offers, but operating at national scale.
• Cushman & Wakefield India: Global CRE services firm operating across India with tenant representation, project management, and asset services divisions. Closely comparable to Truespace on the integrated advisory-plus-delivery wedge, but with significantly larger headcount and capital base.
• Knight Frank India: International CRE consultancy active across Indian commercial markets, offering tenant advisory, project management and valuation services. Comparable to Truespace on occupier-side advisory and project delivery in Delhi NCR markets.
• Jones Lang LaSalle (JLL) India: Global CRE services firm with deep Indian operations covering agency leasing, tenant advisory, project & development services, and property management. Direct functional overlap with Truespace across all three service lines, but at enterprise scale and with proprietary research and technology platforms.
• CBRE India: India arm of the world's largest commercial real estate services firm, offering tenant representation, project management, and facilities services across Indian metros including Delhi NCR. Most directly comparable on lease advisory and integrated delivery, but at vastly larger scale and as part of a global platform.

Direct peers

• Anarock Property Consultants: India-focused CRE advisory firm covering commercial leasing, tenant representation, and project services across Indian metros. Closely comparable to Truespace on integrated tenant-side advisory and design/build, with a similar mid-sized Indian-services profile.

Emerging players

• Awfis Space Solutions: India's largest flex-workspace operator offering managed office solutions that bundle lease, design and build into a single subscription. Adjacent competitor to Truespace for the segment of occupiers that might otherwise use a traditional lease-and-fit-out flow.
• WeWork India: Flex-workspace operator offering fully fitted office space on short leases to enterprises, absorbing the lease decision and fit-out budget that Truespace targets. Comparable on customer base (enterprise occupiers in Delhi NCR) but operates a different business model that competes for the same wallet.
• IndiQube: Indian managed-office operator providing flexible workspaces with bundled design, fit-out and property management to enterprise occupiers. Comparable to Truespace on design-build capability and Delhi NCR focus, but operates the workspace itself rather than advising the occupier.
• Simpliwork Offices: India-based managed-office provider offering end-to-end office space solutions including design, build and property management to enterprise occupiers. Comparable to Truespace on turnkey office delivery, but as a workspace operator rather than tenant representative.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/truespace-lease-design-build

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TrueSpace Leasing Solutions Pvt. Ltd