Unitech Trade Centre Office for Rent, Sector 43 Gurgaon

Unitech Trade Centre is a large office building on the 30-metre sector road in Sushant Lok Phase I, Sector 43, about 0.7 km from the Millennium City Centre metro. It has ground and six floors over three basements, with floors of about 35,514 sq ft and about 2,48,600 sq ft built up. It is let to banks, a Honeywell technology lab, Concentrix and two coworking operators. The row this page replaces printed Rs 89 to Rs 95 per sq ft a month. That range is roughly right, but its low end is a lease from about 2016, not a current ask.

The one current priced quote found is Rs 95 per sq ft a month for a fully furnished 28,400 sq ft block, plus maintenance. Everything else on the market here is priced on request.

What the building lets for

Why the Rs 89.25 lease is weak evidence: it was advertised about ten years ago on a 3+3+3 term. If it carried the usual Gurgaon escalation of about 12 per cent every three years, three steps would take it to Rs 89.25 times 1.12 times 1.12 times 1.12, about Rs 125 today. That is arithmetic on an assumption, not a quote, and it is printed only to show that an old lease rent says little about the current market. The live figure is Rs 95 furnished.

What an office here costs a month

The building's maintenance rate could not be established. Unitech's Millennium Plaza, a short drive away on the same side of the city, charges about Rs 18, and Rs 14 to Rs 19 is the usual band for a serviced building in this part of Gurgaon, so Rs 18 is used below as an illustration only.

• 1,000 sq ft: Rs 95,000 rent, about Rs 18,000 maintenance, about Rs 1.13 lakh a month before GST.
• 5,000 sq ft: Rs 4,75,000 rent, about Rs 90,000 maintenance, about Rs 5.65 lakh a month.
• 28,400 sq ft, the furnished block on offer: Rs 26.98 lakh rent (28,400 times 95), about Rs 5.11 lakh maintenance, about Rs 32.1 lakh a month.
• A dedicated coworking desk: from Rs 11,999 a month, all in. A team of eight at that rate pays about Rs 96,000, close to the rent on a 1,000 sq ft direct lease without the fit-out, deposit or lock-in.

GST at 18 per cent applies to the rent from a registered landlord. Replace the maintenance line with the figure the landlord gives you in writing.

Floor plates, and who they suit

A floor of about 35,514 sq ft is large for the Sector 43 side of Golf Course Road. The arithmetic of the building holds: seven above-ground levels of 35,514 sq ft is 2,48,598 sq ft, the 2,48,600 on the listing. One portal counts 109 units, so floors are also split. Listed spaces run from about 5,000 sq ft to 30,000 sq ft, and about 27,000 sq ft was shown as available on a leasing firm's page. One coworking page gives SpringHouse 38,000 sq ft on the sixth floor, which is more than a single floor plate; either the operator also holds part of another level or one figure is loose, and the lease plan settles it.

This is a building for a firm of 50 to 300 people that wants one large floor near the metro. A smaller team is better served by the coworking floors in the same building or by the list on the small office page.

Tenants and the metro

A leasing firm lists Honeywell Technology Solutions Lab, Concentrix (formerly Convergys), Doubtnut, HKS India Design Consulting, Business and Decision's delivery centre, Office Beanz, State Bank of India and ICICI Bank. The Millennium City Centre metro is about 0.7 km away, roughly a ten-minute walk, and the building is on the list of offices near HUDA City Centre. Parking is in three basements; the ratio per 1,000 sq ft was not published.

How it compares nearby

• Vipul Tech Square, Sector 43: about Rs 100, a three-tower campus on Golf Course Road.
• Vipul Square, Sector 43: rents of Rs 89 to Rs 125 in a ten-storey block in Sushant Lok Phase I.
• Millennium Plaza, another Unitech building: Rs 90 to Rs 100 plus Rs 18 maintenance, with floors of about 9,300 sq ft.
• Signature Towers, South City I: let units at Rs 80 to Rs 125, most near Rs 95 to Rs 100.

Rs 95 furnished puts Unitech Trade Centre at or slightly under its neighbours, with the largest floor plate of the group. For a big team near the metro that is good value; for a small one, the floor size is no advantage.

The developer and the landlord's title

Unitech Limited has been run by a board appointed by the central government since the Supreme Court order of 20 January 2020, which let the government take over its management after years of undelivered homes. The building is finished, occupied and mostly sold to investors, so the lease will usually be with an owner, not with Unitech. Ask for the owner's registered conveyance deed. If a floor is still held by Unitech or a group company, the lease needs the authority of the court-supervised board; whether any space here remains with the company could not be established.

Before you sign

1. Rent basis: Rs 95 is furnished; get the bare-shell figure too.
2. Maintenance: the rate per sq ft in writing, and how it escalates.
3. Lock-in and escalation: three years and about 12 per cent every three years is the city norm.
4. Deposit: three to six months' rent is the range; aim for the low end on a large floor.
5. Parking: the number of basement spaces, named in the lease.
6. Title: the landlord's registered conveyance deed.
7. Area: super area against carpet area; the loading factor sets the real cost per usable foot.

Frequently asked questions

What is the office rent in Unitech Trade Centre, Sector 43?

The one current priced listing found is a fully furnished block of 28,400 sq ft at Rs 95 per sq ft a month plus maintenance. An older lease to a multinational, advertised when the unit was sold, was Rs 89.25 on a 3+3+3 term, but that dates from about 2016 and is not today's rate. Plan on about Rs 95 for furnished space and ask for the bare-shell rate separately.

What does a 1,000 sq ft office in Unitech Trade Centre cost a month?

At Rs 95 the rent on 1,000 sq ft is Rs 95,000. The building's maintenance rate was not published; at Rs 18, the rate at Unitech's Millennium Plaza nearby, the total would be about Rs 1.13 lakh a month before GST. Most listings here are large floors, so a 1,000 sq ft office is more likely to be found as a coworking cabin than a direct lease.

How far is Unitech Trade Centre from the metro?

About 0.7 km from Millennium City Centre, the station long called HUDA City Centre, at the end of the Yellow Line. That is a walk of about ten minutes, which makes it one of the better metro-served office buildings on the Sushant Lok side of Golf Course Road.

Which companies have offices in Unitech Trade Centre?

A leasing firm's listing names Honeywell Technology Solutions Lab, Concentrix (formerly Convergys), Doubtnut, HKS India Design Consulting, Business and Decision's global delivery centre, Office Beanz, State Bank of India and ICICI Bank. SpringHouse and The Circle Work run coworking floors in the building.

How big are the floors in Unitech Trade Centre?

About 35,514 sq ft each over seven above-ground levels, ground plus six over three basements, for about 2,48,600 sq ft built up. Seven times 35,514 is 2,48,598, so the figures agree. Listed spaces run from about 5,000 sq ft to 30,000 sq ft, and about 27,000 sq ft was shown as available.

Is there coworking in Unitech Trade Centre?

Yes. A coworking page lists SpringHouse on the sixth floor across 38,000 sq ft, with dedicated desks from Rs 11,999 a month, and The Circle Work also operates here. That 38,000 sq ft is more than the 35,514 sq ft floor plate another listing gives, so one of the two figures is loose; the operator's lease plan settles it.

What deposit and lock-in should I expect in Unitech Trade Centre?

No listing for this building publishes them. The multinational lease advertised here ran 3+3+3 years, the standard nine-year Gurgaon shape with a three-year lock-in. The city range for deposits is three to six months' rent; on 5,000 sq ft at Rs 95 that is Rs 14.25 lakh to Rs 28.5 lakh.