MGF Plaza Mall Office for Rent, MG Road Gurgaon

MGF Plaza Mall is a shopping building on MG Road near IFFCO Chowk, Gurugram, built by MGF and known mainly for electronics and home-goods showrooms. It also has offices on its upper floors. The one office listing found asks about Rs 60 per sq ft a month for 1,400 sq ft, semi-furnished, and upper-floor shops ask Rs 85. The row this page replaces printed Rs 60 to Rs 85 "office to retail", and that is right; what it lacked was the building's real name, the developer and any sense of what kind of office this is.

The building

• MGF Plaza Mall, filed on a leasing site simply as Plaza Mall and on this site's old row as The Plaza Mall.
• Built by MGF; the leasing site credits Emaar MGF, the joint venture that was active in the 2000s.
• On MG Road near IFFCO Chowk; directories give Sector 29 or Sushant Lok, the leasing site Sector 28.
• Stores and brands named at the mall include Nokia, Hitachi, Toshiba, Canon, Dell, HP, LG, Whirlpool, Panasonic, IFB and Vijay Sales, with branches of ICICI Bank, Punjab National Bank and Bank of India and an LIC office.
• Floor count, total area and completion year could not be established from the sources found. The listings mention at least a third floor.

What is being asked

Two things follow. First, office space here is priced about 30 per cent under upper-floor retail in the same building (Rs 60 against Rs 85). That is unusual in a mall: normally a landlord would rather let to a shop. It suggests the office floors are the less visible parts of the building, and a tenant should see exactly where the unit is before comparing it with anything. Second, only one office quote was found. This page prints it with the arithmetic, but Rs 60 is one landlord's ask, not a survey, and the next unit could ask more or less.

What an office here costs a month, all in

• 1,000 sq ft at Rs 60: Rs 60,000 rent. Maintenance is not published; at Rs 18, the rate several MG Road buildings charge, add Rs 18,000 for about Rs 78,000 before GST.
• 1,400 sq ft (the listed unit): Rs 84,000 rent; with Rs 18 maintenance about Rs 1,09,200 before GST.
• 5,000 sq ft at Rs 60: Rs 3,00,000 rent; with Rs 18 maintenance about Rs 3,90,000, though a single office of that size may not exist in the building.

The Rs 18 is an illustration, not this building's figure. GST at 18 per cent applies to the rent and a registered tenant recovers it; a company tenant deducts 10 per cent TDS. No deposit, lock-in or escalation was published. This site's MG Road pages treat six to ten months' rent as the usual deposit, which on the 1,400 sq ft unit is Rs 5 lakh to Rs 8.4 lakh.

How it compares on MG Road

The pattern on MG Road is clear: offices inside the older malls let for Rs 60 to Rs 65, offices inside the malls next to the metro for about Rs 100, and dedicated office buildings for Rs 100 to Rs 150. MGF Plaza Mall sits with Megacity at the bottom. What the low rent buys is an MG Road address at half the price of an office tower. What it costs is shared entrances with showroom customers, no office identity, and parking that serves shoppers first. For more choice in the same neighbourhood see offices for rent in Sushant Lok, the whole road on the MG Road office page, and the wider market on the MG Road real estate page.

Who it suits

A small firm of five to fifteen people that needs an MG Road address on a tight budget, a service business that benefits from walk-in customers in a mall, or a showroom operator that wants a back office above its store. It does not suit a company that will host clients who expect an office lobby, or one that needs guaranteed staff parking.

Before you sign

1. The building name: MGF Plaza Mall, MG Road, and the floor and unit number.
2. The unit's position: see it, and the route to it from the entrance and the car park.
3. Maintenance: the building's actual rate, which no listing printed.
4. Semi-furnished: an inventory of what is included.
5. Carpet and super area, in writing.
6. Deposit, lock-in and escalation in the draft lease.
7. Owner and title: units are strata-owned, so match the conveyance deed to the lessor, and confirm the unit is approved for office use.

Frequently asked questions

What is the office rent in MGF Plaza Mall, MG Road?

About Rs 60 per sq ft a month on the one office listing found: 1,400 sq ft, semi-furnished, which is Rs 84,000 a month. That is the lowest office rent this site has found on MG Road. No second office quote turned up, so treat Rs 60 as a single data point rather than a market rate.

What does retail space in MGF Plaza Mall rent for?

About Rs 85 per sq ft a month for upper-floor shops: 2,770 sq ft on the second floor and 2,560 sq ft on the third, both at Rs 85. That is Rs 2,35,450 and Rs 2,17,600 a month. Ground-floor frontage was not listed and would cost more.

Is Plaza Mall the same as MGF Plaza Mall?

Yes. The building this page covers is MGF Plaza Mall on MG Road near IFFCO Chowk, built by MGF. A leasing site files it as Plaza Mall and credits Emaar MGF; directories list it as MGF Plaza Mall. It is not MGF Metropolitan, MGF Metropolis or MGF Megacity, which are separate MGF buildings further up the road.

What are the maintenance charges in MGF Plaza Mall?

Not published on any listing found. Nearby MG Road buildings charge about Rs 18 to Rs 30 per sq ft a month; at Rs 18, a 1,400 sq ft office would add Rs 25,200 to the Rs 84,000 rent. Get the building's own figure in writing before signing.

Where exactly is MGF Plaza Mall?

On MG Road (Mehrauli-Gurgaon Road) near IFFCO Chowk. Directories give the address as Sector 29 or Sushant Lok, and a leasing site says Sector 28; the listings do not agree, so use the street address on the lease. A Punjab National Bank branch and a Vijay Sales store are listed at the mall.

How far is MGF Plaza Mall from the metro?

A walking distance could not be established from the sources found. Directories place the mall near IFFCO Chowk, where the Yellow Line has a station, and one store listing describes it as near the HUDA City Centre station, which is further. Walk it from IFFCO Chowk before signing if your staff will use the metro.

Who is MGF Plaza Mall office space for?

A small firm that wants a cheap MG Road address and does not mind sharing a building with electronics and home-goods showrooms. At Rs 60, 1,400 sq ft costs less than half what Time Tower or JMD Regent Arcade would charge, at about Rs 150 for the same area.