Millennium Plaza Office for Rent, Sector 27 Gurgaon

Office space in Millennium Plaza is quoted at Rs 90 per sq ft a month in Tower A and Rs 100 in Tower B, with one 1,376 sq ft built-to-suit unit at Rs 95. Then there is a figure almost no listing mentions: maintenance of about Rs 18 per sq ft a month.

That takes the real cost to Rs 108 to Rs 118, which is 18 to 20 percent above the advertised rent. It is the highest plain-office cost this research has found on the whole IFFCO Chowk and NH-8 stretch, and the rest of this page is about whether the building earns it.

The real cost, against its own micro-market

Two things follow. Tower B costs 11 per cent more than Tower A in the same complex, so ask which tower before you accept a rate. And once maintenance is counted, Millennium Plaza sits above the NH-8 average rather than at it — which is a different negotiation from the one the headline rate implies.

What you are paying for: two metro stations

The premium is not the building. It is the position. Millennium Plaza stands on a 200-foot sector road with direct access from NH-48, and it is the only office address in this research within reach of two metro stations — IFFCO Chowk at about 0.6 km, and MG Road within walking distance.

For a firm whose staff commute by metro, that is worth real money, and it is the honest answer to why a tenant would pay Rs 118 all-in here rather than Rs 70 at a building off the same highway. Everything else about the specification argues the other way.

A 9,300 sq ft floor plate

This is the number to weigh hardest. Tower B runs to 14 floors of about 9,300 sq ft each, totalling roughly 1,30,200 sq ft, on a three-acre site with two towers, water features and fountains.

Set the plate against what the money buys elsewhere:

So a team needing 15,000 contiguous square feet cannot have it here, on either tower, at any price. Available units run from about 1,130 to 7,500 sq ft, which tells you the same thing from the other direction: this is a small-suite building, and it is priced as though it were not.

If your requirement is under 7,500 sq ft and your staff use the metro, the rate is defensible. If you need a plate, you are paying a location premium for something you cannot use.

The maintenance ladder this batch has built

Maintenance is the most consistently unpublished number in Delhi NCR commercial property, and this batch has now collected four hard figures:

Two lessons a tenant can carry anywhere. Rs 14 to Rs 19 per sq ft a month is the normal band for a serviced Grade A building in this region. And maintenance hurts the cheaper rent more, because it is charged per square foot regardless of what you pay in rent — so the lower your rate, the larger the share it takes.

Two addresses for one building

The records disagree about where it is. Most place Millennium Plaza at Sector 27, Sushant Lok Phase 1; at least one files it under Sector 43. They describe the same complex off MG Road, but take the description from the lease plan rather than from a listing, and check the tower and unit number in the same document.

The built-up area is reported two ways as well — about 1,30,200 sq ft attributed to the whole project on one reading and to Tower B alone on another. Since 14 floors at 9,300 sq ft comes to exactly 1,30,200, the second reading is the arithmetically consistent one, and the project as a whole is larger than the figure most listings print.

What to settle before you sign

1. Which tower. Rs 90 and Rs 100 are the same complex, eleven per cent apart.
2. The maintenance figure in writing, per sq ft per month, and what it covers.
3. Whether power backup charges are inside it or billed separately on consumption.
4. Chargeable versus carpet. On a Rs 118 all-in cost, a loading factor of 35 rather than 25 per cent moves your real cost per usable foot by nearly Rs 12.
5. Contiguity. If you will grow past 7,500 sq ft, ask now what happens then.
6. The walk to MG Road metro, timed yourself on a weekday morning, since it is the main thing you are paying for.

Frequently asked questions

What is the office rent in Millennium Plaza, Sector 27 Gurgaon?

Tower A is quoted at about Rs 90 per sq ft a month and Tower B at about Rs 100, with one 1,376 sq ft built-to-suit unit at Rs 95. Maintenance charges are about Rs 18 per sq ft a month on top, so the real cost is roughly Rs 108 to Rs 118. Available units run from about 1,130 to 7,500 sq ft, furnished and unfurnished.

Tower A vs Tower B: why do they cost different amounts?

They are the same complex on the same three-acre site, and the published rates differ by eleven per cent — Rs 90 in Tower A against Rs 100 in Tower B. No listing explains the gap, so treat it as a negotiating fact rather than a quality judgement: ask which tower, which floor, and what the difference is meant to buy you.

What are the maintenance charges, and do they matter?

About Rs 18 per sq ft a month - and how much that matters is easy to state: it is 18 to 20 percent on top of the advertised rent. That is the difference between a Rs 90 building and a Rs 108 one. For comparison from this same research, Elegance Tower in Jasola charges Rs 14.60, Orchid Centre on Golf Course Road Rs 19, and Gold Souk Mall Rs 26. Rs 14 to Rs 19 is the normal band for a serviced Grade A building here, and it is almost never quoted.

Is Rs 118 all-in good value on this stretch?

It depends entirely on your size and your commute. Compared with the same corridor, IFFCO Tower A is Rs 65, MVL iPark Rs 70 and IFFCO Chowk generally Rs 80, so once maintenance is counted Millennium Plaza sits above the NH-8 average rather than at it. What justifies it is the position: two metro stations, with IFFCO Chowk about 0.6 km away and MG Road within walking distance. If your staff commute by metro, that is worth paying for. If they drive, you are paying for something you will not use.

How big are the floors?

About 9,300 sq ft in Tower B, across 14 floors totalling roughly 1,30,200 sq ft. That is a small plate — MVL iPark off NH-8 offers about 23,333 sq ft and Orchid Centre on Golf Course Road about 38,000. Available units here run to about 7,500 sq ft, so a team needing 15,000 contiguous square feet cannot be accommodated on either tower at any price.

Where exactly is the building located?

Off MG Road in Gurugram, on a 200-foot sector road with direct access from NH-48, with MG Road the nearest metro station on foot. Most records place it at Sector 27, Sushant Lok Phase 1; at least one files it under Sector 43. They describe the same complex, but take the legal description, the tower and the unit number from the lease plan rather than from any listing.