ILD Trade Centre Office for Rent, Sohna Road Gurgaon

Office space for rent in ILD Trade Centre Sohna Road Gurgaon is quoted at about Rs 50 per sq ft a month, which is the lowest office rate on this corridor and among the lowest anywhere in Gurugram for a complex of this kind. A rate that low is either the best value in the market or a warning, and the honest answer is that it depends on three things nobody publishes.

Rs 50 against everything else

At Rs 50 before maintenance, this is a third of MG Road and roughly two-thirds of the Sohna Road Grade A benchmark. The three things that decide whether the discount is real:

• What the rate includes. If maintenance of Rs 15 to Rs 20 sits on top, the all-in is Rs 65 to Rs 70 — still below the Grade A benchmark, but by far less than the headline suggests. Get the CAM rate in writing.
• The condition and the age of the services. An older building on this road may be discounting for lifts, chillers and common areas that are coming up for replacement, and a replacement is paid for out of the maintenance you are about to sign up to.
• The occupancy. Walk the floors on a weekday afternoon and count the empty units. A cheap rate in a half-empty building is a different proposition from a cheap rate in a full one.

The Rs 155 in the same complex, and why it is not a contradiction

One pre-leased unit here is quoted at Rs 155 per sq ft a month — more than three times the office rate. That is not a market moving; it is a different product. A pre-leased unit at that rate in a mixed complex is almost certainly retail or food space with frontage, or a unit let to a tenant on an old lease that has escalated for years.

The lesson is the one that runs through every mixed commercial building in Gurugram: a rate only means something attached to a product and a position. Office space on an upper floor, retail with frontage, and a pre-leased unit with a sitting tenant are three different assets in one building, and a portal will print all three rates on the same page without labelling them.

So when you are quoted a number here, ask three questions before anything else: which floor, is it office or retail, and is it vacant or let?

What the complex is

ILD Trade Centre sits at Sector 47 on Sohna Road, developed by International Land Developers, as a mixed office and retail destination. Listings run to about 65,000 sq ft, and both office floors and retail units are offered on lease. The complex is also traded pre-leased, which means units here are bought by investors for their rent as well as taken by occupiers for their use.

Sohna Road itself is the honest context. It was Gurugram's main office alternative to Golf Course Road before the newer corridors opened, and it still has real depth: dense residential catchment on both sides, a short run to Golf Course Extension Road and the Southern Peripheral Road, and a large base of small and mid-size occupiers. Its structural weakness has not changed either — there is no metro on this road, and everything that follows from that is priced into a rate of Rs 50.

Who this suits

Very specifically: a business whose staff drive or take a cab, whose cost per seat matters more than its address, and which needs somewhere between a suite and a small floor rather than a 30,000 sq ft plate. A back office, a support function, a growing firm that has outgrown a coworking desk and does not yet need a corporate address.

It does not suit a business hiring at a scale where the commute decides who accepts an offer. At Rs 50 against Rs 99 for an institutional campus, you are saving roughly Rs 50 per sq ft a month — on 5,000 sq ft that is Rs 2.5 lakh a month, which is real money, and it is also roughly what two or three good hires cost. Which of those matters more is the whole decision.

The five things to settle before signing

1. Is the Rs 50 gross or net? The maintenance rate and what it covers, in writing, with last year's actual against budget.
2. Office or retail, and which floor? The Rs 155 in this complex belongs to a different product.
3. Carpet against super area. You pay on super and work on carpet; compare the carpet rate.
4. Occupancy on your floor, counted by walking it on a weekday afternoon.
5. The services. Ask what the maintenance has paid for in the last two years and what is budgeted for the next two — on an older building this is where a low rent quietly becomes an expensive one.

Frequently asked questions

What is the office rent in ILD Trade Centre Sohna Road Gurgaon?

About Rs 50 per sq ft a month, which is the lowest office rate on this corridor and among the lowest in Gurugram for a complex of this kind. Establish whether that figure is gross or net of maintenance: if Rs 15 to Rs 20 of common-area maintenance sits on top, the all-in is Rs 65 to Rs 70, still below the Sohna Road Grade A benchmark of about Rs 75 but by much less than the headline suggests.

Why is one unit here quoted at Rs 155 per sq ft?

Because it is a different product. A pre-leased unit at that rate in a mixed complex is almost certainly retail or food space with frontage, or a unit let on an old lease that has escalated for years. Office space upstairs, retail with frontage and a pre-leased unit with a sitting tenant are three different assets in one building, and portals print all three rates on one page without labelling them. Ask which floor, office or retail, and vacant or let.

Is Rs 50 per sq ft too cheap to trust?

Not necessarily, but it needs three checks. Whether maintenance is inside it or on top. The age and condition of the building services, because an older complex may be discounting for lifts, chillers and common areas that are due for replacement — paid for out of the maintenance you are signing up to. And the occupancy, counted by walking the floors on a weekday afternoon, because a cheap rate in a half-empty building is a different proposition from a cheap rate in a full one.

What kind of business does this suit?

One whose staff drive or take a cab, whose cost per seat matters more than its address, and which needs a suite or a small floor rather than a 30,000 sq ft plate — a back office, a support function, a firm that has outgrown a coworking desk. It does not suit a business hiring at a scale where the commute decides who accepts an offer, because there is no metro on Sohna Road.

What is the complex, and who built it?

A mixed office and retail destination at Sector 47 on Sohna Road, developed by International Land Developers, with listings running to about 65,000 sq ft and both office floors and retail units offered on lease. Units here are also traded pre-leased, so some are held by investors for the rent rather than by occupiers for the use.

What should I settle before signing a lease here?

Whether the Rs 50 is gross or net, with the maintenance rate and its scope in writing and last year's actual against budget. Whether the space is office or retail and on which floor. The carpet area against the super area, so you compare the carpet rate. The occupancy on your floor, counted yourself on a weekday afternoon. And what the maintenance has paid for in the last two years and is budgeted to pay for in the next two, because on an older building that is where a low rent quietly becomes an expensive one.

Our view

This is the value end of the Gurugram office market and it is honestly priced for what it is. Rs 50 per sq ft a month buys a workable address on a road with real occupier depth and no rail, in a complex old enough that its services deserve a question. For a cost-led business that is a good trade and the savings are substantial — roughly Rs 2.5 lakh a month on 5,000 sq ft against an institutional campus. Just make sure you are comparing Rs 50 plus maintenance against Rs 99 all-in, and not Rs 50 against Rs 99.

In short: about Rs 50 per sq ft a month before maintenance, the cheapest office rate on this corridor, and a Rs 155 quote in the same complex that belongs to an entirely different product.

For the neighbouring complex on the same road, see JMD Galleria on Sohna Road. For the institutional end of the market, Candor TechSpace at Sector 21, and for a Grade A alternative on Golf Course Extension Road, Splendor Spectrum One in Sector 58.