AIPL Business Club Office for Sale and Rent, Sector 62 Gurgaon

AIPL Business Club is a finished Grade A office building by Advance India Projects Limited (AIPL) on Golf Course Extension Road in Sector 62, Gurugram: about 7 lakh sq ft in three towers of ground plus 19, 13 and 17 floors over two basements, on about 4.18 acres. It is registered with Haryana RERA as 166 of 2017, received its occupation certificate, and has been operating since about September 2019. Deloitte, Cargill, British Airways, Ford, Kuehne+Nagel, Lummus Technology and Milliman are among about 70 tenants. The row this page replaces gave no price and called it a new launch.

Offices ask about Rs 20,000 to Rs 22,000 per sq ft and let at about Rs 70 to Rs 90 per sq ft a month. That gives a gross yield of about 5 per cent: the price of the corridor's best tenant list, not a high-income buy.

What sellers ask, divided by the area

• A 4,000 sq ft fully furnished office at Rs 8 crore: Rs 8,00,00,000 over 4,000 is Rs 20,000 per sq ft; part of that is the fit-out.
• One portal says prices start at about Rs 22,000 per sq ft, and another that furnished units trade at about Rs 20,000.
• A price list that opens at Rs 1.15 crore: at Rs 22,000 that buys about 523 sq ft, and at Rs 20,000 about 575 sq ft.
• A let 650 sq ft office at Rs 70 rent, advertised at a 5.6 per cent return, with no price printed. Rs 70 times 650 is Rs 45,500 a month, or Rs 5,46,000 a year; divided by 0.056 that is Rs 97.5 lakh, or Rs 15,000 per sq ft.

The last figure does not fit with the rest. Either the seller would take Rs 97.5 lakh, a quarter below the building's other asks, or the 5.6 per cent is worked on a price nobody has printed. A ground-floor unit let to a bank on a fresh nine-year lease is also offered, with no price. On what can be tied to the building, the rate is about Rs 20,000 to Rs 22,000. Few listings say whether the figure is on super area or carpet area; ask which.

The rent, and the yield it produces

A coworking and leasing page quotes Rs 90 per sq ft a month for offices in the building. The one priced lease is lower: the 650 sq ft office above pays Rs 70 on a five-year lease from March 2025, rising 10 per cent after three years, so to Rs 77 in 2028.

Now divide. Rs 90 times 12 is Rs 1,080 a year per sq ft: 5.4 per cent on Rs 20,000 and 4.9 per cent on Rs 22,000. At Rs 70, Rs 840 a year is 4.2 per cent on Rs 20,000. Those are gross figures, before property tax, any gap between tenants and maintenance, which no source read gave a figure for. A buyer who wants 7 per cent will not get it here at these prices; the neighbours below offer that.

The old pages, and what the market supports

This site carried the building on this short row and a separate one-unit page for a pre-rented office. Neither printed a figure. The unit page now folds into this one.

The unit figure is arithmetic: 1,000 sq ft at Rs 20,000 to Rs 22,000 is Rs 2 crore to Rs 2.2 crore. Priced on rent instead, Rs 10,80,000 a year divided by 0.07 is about Rs 1.54 crore. The gap between the two is the premium sellers put on the building's tenants, and a buyer should decide whether to pay it.

Where the sources disagree

• Floors: one leasing page gives three towers of ground plus 19, 13 and 17; one portal says 14 levels of offices. The towers differ in height, and 14 fits none of them as a total; the developer's plans settle it.
• Site: about 4.18 acres on one page and about 4 acres on another; these agree once rounded.
• Price: portals say from about Rs 22,000; the furnished asks work out to Rs 20,000; the let 650 sq ft office implies Rs 15,000. The sale deed on a comparable unit decides, and none was found.
• Anchor leases: one report gives Kuehne+Nagel and Milliman about 1.2 lakh sq ft together; another has several tenants above 50,000 sq ft each. Both point to large floors taken whole, not strata offices.

How it compares on Golf Course Extension Road

Imperia Mindspace, also in Sector 62, asks about Rs 8,700 to Rs 13,500 per sq ft at Rs 65 to Rs 85 rent, about 6 per cent. M3M Tee Point in Sector 65 asks about Rs 12,000 to Rs 14,000 for about 7 per cent, and AIPL Joy Central in Sector 65 lists offices at Rs 12,000. Business Club costs Rs 6,000 to Rs 10,000 per sq ft more than those, for a better tenant list and a newer Grade A specification. The sector's other offices are on the Sector 62 office page, and the corridor on the Golf Course Extension Road office sale page.

Who this suits, and who should look elsewhere

It suits a buyer who wants a let office with a multinational tenant in a finished, registered Grade A building and accepts about 5 per cent gross for that security. It does not suit a buyer chasing yield, who will get more from older buildings on the same road, or one who needs a metro station at the door. More let stock is on the pre-leased property page.

Before you pay anything

1. The occupation certificate for the tower the unit is in, by number.
2. Super area or carpet area: which one the price is on.
3. The lease: tenant name, rent, lock-in, deposit, escalation dates and the expiry.
4. Maintenance: the monthly charge and who pays it; it was not found on any page read. Get the maintenance charges in writing, with the power back-up and parking charges, before you work out a net yield.
5. The arithmetic: rent times twelve over price, and whether it matches the yield the seller quotes.

Frequently asked questions

What is the price of office space in AIPL Business Club?

Sale asks run about Rs 20,000 to Rs 22,000 per sq ft. A 4,000 sq ft fully furnished office asks Rs 8 crore, Rs 20,000 per sq ft; one portal says prices start at about Rs 22,000; and a price list opens at Rs 1.15 crore, which at those rates is a unit of about 520 to 575 sq ft. One let 650 sq ft office implies about Rs 15,000 from its own rent and yield, well below the rest.

What rent does an office in AIPL Business Club earn?

A coworking and leasing page quotes Rs 90 per sq ft a month. A let 650 sq ft office pays Rs 70 on a five-year lease that began in March 2025, with a 10 per cent rise after three years. No maintenance figure was found; one leasing page says whole-floor enterprise leases are run by the tenant.

What is the rental yield on a pre-leased office in AIPL Business Club?

Low for the corridor. At Rs 90 a month an office bought at Rs 20,000 per sq ft yields 5.4 per cent gross and one bought at Rs 22,000 about 4.9 per cent. The let 650 sq ft office is advertised at 5.6 per cent; at Rs 70 that return only holds if its price is about Rs 97.5 lakh, or Rs 15,000 per sq ft, so ask for its price in writing.

Is AIPL Business Club RERA registered, and is it ready?

It is registered with Haryana RERA as 166 of 2017. AIPL received the occupation certificate and the building has been operating since about September 2019. It is a finished, let building, not a new launch.

Which companies are in AIPL Business Club?

Tenants named include Deloitte, Cargill, British Airways, Ford, Kuehne+Nagel, Lummus Technology and Milliman, among about 70 companies, with occupancy reported near 96 per cent. Several of these have taken more than 50,000 sq ft each.

How big is AIPL Business Club, and how many floors does it have?

About 7 lakh sq ft of offices, shops and restaurants in three towers of ground plus 19, 13 and 17 floors over two basements, on about 4.18 acres. One portal describes 14 levels of offices; that fits one tower, not the whole building.

Where is AIPL Business Club, and how far is the metro?

In Sector 62 on Golf Course Extension Road, at the corridor's northern end nearest Golf Course Road. The nearest station is the Sector 55-56 Rapid Metro; no source read gave an exact distance.