AMB Selfie Street Office for Rent, Sector 92 Gurgaon

AMB Selfie Street is a finished retail building by AMB Group in Sector 92, Gurugram: shops and anchor stores on the ground to second floors, a food court on the third, a six-screen multiplex by PVR on the fourth and fifth on the brochure, and two basement parking levels. The row this page replaces advertised office space at about Rs 90 to 150 per sq ft a month, marked as indicative. No source supports that band. The stock is shops, and no asking rent for a unit in the building could be found.

What can be said is narrower: the developer guaranteed investors a minimum rent of Rs 57 per sq ft a month, with 15 per cent more every three years. That is the floor the building's own lease scheme set, not a market rent, and this page works from it with that warning.

What a shop costs a month

Because no unit rent was published, the table takes the Rs 57 floor and shows what each Rs 10 above it adds, so a tenant can plug in the owner's real ask.

The arithmetic: 1,000 times Rs 57 is Rs 57,000, and 5,000 times Rs 57 is Rs 2,85,000. After one escalation, Rs 57 becomes about Rs 65.6, so a 1,000 sq ft unit would pay about Rs 65,550 from its fourth year. Add maintenance, GST on the rent and the deposit at signing; none of these was published. A portal's Sector 92 rent range of Rs 18,200 to Rs 36,900 a month gives no unit sizes, so it cannot be divided into a rate.

Why the old band does not hold

The old row's Rs 90 to 150 would put a 250 sq ft shop at Rs 22,500 to Rs 37,500 a month. That is not impossible, and the top of the sector range above is close to it, but no listing tied to this building printed such a rent. The same broker pages that advertise an 11 per cent return to buyers would need a rent of about Rs 173 a month on today's resale price of about Rs 18,841 per sq ft; the developer's own guarantee is Rs 57. A tenant should read that gap as a sign that owners may hope for rents the market has not yet paid.

The building, and what could not be established

• Size: about 3 to 3.75 acres and 240 or 350 units, depending on the source.
• Unit sizes: shops of about 195 to 2,110 sq ft; anchor stores up to about 6,325 sq ft on one page; food-court counters on the third floor.
• Occupiers: a PVR multiplex on the brochure. Whether it is open, and which shops trade, could not be established.
• Registration: 80 of 2017 on a portal, with possession given as May 2024. No occupation certificate was seen.
• Metro: no distance given in any source; plan for road access.
• Parking: two basement levels; ask how many bays come with a unit.

How it compares nearby

Sector 92 has several retail schemes close together: Signum Plaza 92, ROF Galleria and Bestech 92 Market Place, set out on this site's City Centre 92 page. Their rents were not established either. For a sense of what an established Gurugram mall shop costs, Central Plaza Mall in Sector 53 lets 491 sq ft at Rs 60,000 a month, about Rs 122 per sq ft; a new sector with households still moving in should not expect that. The general market is on shops for rent in Gurgaon, and a firm that needs a real office should look at office space in New Gurgaon or offices to rent on Dwarka Expressway. Shops for sale across the city are on the retail shops page.

Who this suits, and who should look elsewhere

It suits a food, café or entertainment tenant who wants to sit near a cinema and food court, and a local shop serving the Sector 92 housing that is filling in around it. It does not suit a firm wanting desks and meeting rooms, a tenant who needs a metro walk, or a retailer who needs proven footfall before signing, because nobody has published which shops trade here.

Before you sign

1. The owner's title: a conveyance deed or allotment in the landlord's name.
2. The occupation certificate and fire approval for the floor.
3. Rent, maintenance and GST, each per sq ft a month, in writing.
4. Deposit, lock-in and escalation, with the notice period for leaving.
5. Footfall: visit on a weekday evening and a weekend; ask whether the cinema is open.
6. Signage and frontage: what the association allows on the facade.
7. The arithmetic: area times rent, plus maintenance and GST, for twelve months.

Weighing a purchase instead of a lease? The AMB Selfie Street sale page sets the asking prices against these rents and works out the yield a buyer would get.

Frequently asked questions

What is the rent for a shop in AMB Selfie Street?

No asking rent for a unit in the building could be found in this research. The only rent figure tied to the building is the developer's minimum guarantee to investors of Rs 57 per sq ft a month, rising 15 per cent every three years. A portal's Sector 92 range of Rs 18,200 to Rs 36,900 a month gives no sizes, so it cannot be turned into a rate per sq ft.

Can I rent an office in AMB Selfie Street?

Probably not a conventional one. The building is shops, anchor stores, a food court and a multiplex; one broker page mentions offices of 250 to 1,500 sq ft but names none. A firm that needs an office in the new sectors should look at purpose-built office stock instead.

What are the maintenance charges and deposit at Selfie Street?

Neither was published in any source read. Ask the owner for the maintenance rate per sq ft a month, what it covers, the security deposit in months of rent, and whether GST is charged on the rent, all in writing before signing.

What lock-in and escalation apply to a lease here?

The only terms found are on the developer's pre-leased offer: 15 per cent escalation every three years on the guaranteed rent. Lock-in for a tenant was not published. Retail leases in Gurugram commonly carry a lock-in; get the period and the exit terms written into the lease.

What shop sizes are available in AMB Selfie Street?

Portals give shops of about 195 to 2,110 sq ft, and launch lists show units of 200, 271, 391, 417, 569 and 604 sq ft. One broker page mentions anchor stores of up to 6,325 sq ft. Food-court counters sit on the third floor.

Is there a metro station near Selfie Street?

No source gave a metro distance. The building sits on a 60 metre sector road in Sector 92 beside DLF Garden City, which broker pages put about 3 km from Dwarka Expressway, so customers and staff will mostly come by road. Two basement parking levels are on the brochure.

Who are the tenants in AMB Selfie Street?

The brochure names a six-screen multiplex by PVR on the fourth and fifth floors. Whether it is open, and which shops trade today, could not be established from the sources read. Visit on a weekday evening and a weekend before signing.