Universal Trade Tower Office for Rent, Sector 49 Gurgaon

Universal Trade Tower is a nine-storey office building on main Sohna Road, in Block S, Sector 49, Gurugram, completed in 2008 on about 2.49 acres with floors of about 27,000 sq ft. Offices here let at about Rs 60 to Rs 65 per sq ft a month, plus Rs 18 to Rs 22 maintenance. That is the band the old row printed, and it holds. What the old row left out is the cost of a whole office once maintenance and tax are added, how the building compares with its neighbours, and the fact that the developer, Universal Buildwell, has been in insolvency since 2018.

This page is for a firm that wants to lease space here. Buyers should read the Universal Trade Tower sale page, which prices offices at about Rs 7,600 to Rs 12,000 per sq ft.

The asking rents, one by one

• A 7,304 sq ft office at Rs 60 per sq ft a month, negotiable, with maintenance of Rs 18 to Rs 22, on a leasing site.
• A coworking page puts the building at about Rs 65, on floors of about 27,000 sq ft, with leases of three to ten years.
• One unfurnished 4,000 sq ft office at Rs 100. Nothing else in the building or on this stretch of Sohna Road asks that for bare space, so it is an outlier, not the market.
• Ground-floor retail at about Rs 150: shops facing the road, a different product from an office upstairs.

So an office tenant should expect Rs 60 to Rs 65 and open at Rs 60. A furnished office may ask more; no priced furnished listing was found for this building, so a furnished premium could not be established here.

What a whole office costs a month

Rent is quoted on super area, which includes a share of lobbies, lifts and corridors. Maintenance is charged on the same area, and GST at 18 per cent is added to the rent. The arithmetic, using Rs 20 as the middle of the maintenance band:

Two items sit outside these figures. Electricity is metered to the tenant, and GST may also be charged on the maintenance bill, depending on who issues it. A business registered for GST can usually claim the tax back, which makes the effective cost closer to rent plus maintenance: Rs 80,000 a month for 1,000 sq ft at Rs 60.

Deposit, lock-in and escalation

No listing for this building printed a deposit or a lock-in. The coworking page gives lease terms of three to ten years. On the same road, the landlord terms quoted for Vatika Business Park are the fair opening position: a nine-year lease, a lock-in of about 36 to 42 months, six to seven months' deposit, and a step-up of 10 per cent after three years and 15 per cent after six. On a 1,000 sq ft office at Rs 60, six months' deposit is Rs 3.6 lakh, refundable at the end of the lease without interest. Negotiate the deposit down in exchange for a longer lock-in if you are sure of the space.

The building

Nine storeys on about 2.49 acres, finished in 2008, with floors of about 27,000 sq ft. That floor plate lets a firm take anything from a single office of about 800 sq ft to a whole floor. One source gives about 2,16,000 sq ft in all; nine floors of 27,000 sq ft would be about 2,43,000, so the two figures do not reconcile and the total area is not settled. Banks and Croma take the lower floors, and ICICI Bank, Axis Bank and Bank of Baroda have branches here, which is useful for a firm whose staff or visitors bank in person. Offices upstairs are let to infrastructure and consulting firms. There is paid covered and open parking.

It is a road-served building. The nearest metro station, Millennium City Centre, is about 7.9 km away by one portal's measure, and Sohna Road is congested at peak hours near Subhash Chowk. A firm whose staff come by metro should look elsewhere; one that runs cabs or whose staff drive will find the rent a fair trade for the distance.

The developer, and why a tenant should care

Universal Buildwell, which trades as Universal Group, was admitted to insolvency in July 2018, and on 7 March 2025 the tribunal approved a resolution plan worth about Rs 55.6 crore, put forward by three buyers' groups including the Universal Business Park Owners Association. News reports on the plan say it revives Universal Business Park and two housing projects and proposes liquidating five other projects, this building among them, by selling the company's unsold units for its creditors. Its promoters were arrested by the Enforcement Directorate in a money-laundering case over money raised across several projects, this building among them, and the building's owners' association has litigated against the developer before the appellate tribunal.

A tenant usually leases from an individual owner, not the developer, so the insolvency does not stop a lease. It does mean three checks. First, the landlord should show a registered conveyance deed for the unit. Second, ask the owners' association who runs maintenance, whether the unit owes dues, and whether any dispute affects power backup, lifts or parking. Third, if the unit is still held by a Universal company, it is part of the unsold stock the plan proposes to liquidate, so sign only with the written consent of the resolution professional or the plan's monitoring committee, and check the unit against the NCLT order of 7 March 2025, which settles what is in that pool.

How it compares on Sohna Road

Universal Trade Tower sits at the upper-middle of the road's office rents. Welldone Tech Park and ILD Trade Centre are cheaper per sq ft. Omaxe Gurgaon Mall in the same sector lets offices over a wider band. The whole sector is on the Sector 49 office rent page, and the corridor on the Sohna Road office page. For a smaller team, the small office rent page lists options under 1,000 sq ft.

Who this suits

It suits a firm of 10 to 150 people that wants a finished Sohna Road address with banks on the ground floor, drives or runs cabs, and wants a rent in the low Rs 60s. It does not suit a team that relies on the metro, a firm that needs a new Grade A campus, or a tenant who will not check a landlord's title.

Before you sign

1. The landlord's title: a registered conveyance deed in the landlord's name, and whether the unit is held by an individual or a Universal company.
2. Super and carpet area: rent is on super area; ask for the carpet figure and divide the rent by it.
3. Maintenance: the rate in writing, what it covers, and a no-dues letter from the owners' association.
4. Deposit, lock-in and escalation: all three in the lease, with the step-up dates.
5. Rent-free fit-out period: for a bare unit, ask for one to three months.
6. Parking: how many slots come with the office and what extra slots cost.

Frequently asked questions

What is the rent for office space in Universal Trade Tower?

About Rs 60 to Rs 65 per sq ft a month on super area. A 7,304 sq ft office is quoted at Rs 60, negotiable, on a leasing site, and a coworking page gives the building at about Rs 65. One unfurnished 4,000 sq ft office asked Rs 100, which is well above everything else found and should be treated as an outlier; ground-floor retail asks about Rs 150.

What are the maintenance charges in Universal Trade Tower?

About Rs 18 to Rs 22 per sq ft a month, charged on top of rent, on the leasing listing read for this page. Ask whether the figure includes the common-area power backup and whether GST is added, and get a no-dues letter from the owners' association for the unit before you move in.

How much does a 1,000 sq ft office in Universal Trade Tower cost a month?

About Rs 90,800 at Rs 60 rent: Rs 60,000 rent, about Rs 20,000 maintenance at Rs 20, and Rs 10,800 of GST at 18 per cent on the rent. A 5,000 sq ft office at the same rates is about Rs 4,54,000 a month. Electricity is billed separately.

What lock-in and security deposit does Universal Trade Tower ask?

No building-specific deposit or lock-in was published. A coworking page lists leases of three to ten years here. Nearby Sohna Road landlords ask six to seven months' deposit, a lock-in of about three years and a step-up of 10 to 15 per cent every three years; treat those as the opening position and negotiate.

Which companies are in Universal Trade Tower?

Tenants named on listings include ICICI Bank, Axis Bank, Bank of Baroda, the electronics retailer Croma, and several infrastructure and consulting firms. The developer's own page names earlier clients such as Apollo, Emergent Ventures, Navteq and Mary Kay.

How far is Universal Trade Tower from the metro?

About 7.9 km from Millennium City Centre, the station once called HUDA City Centre, by one portal's measure. There is no metro on Sohna Road, so staff arrive by car, cab or company bus. Paid covered and open parking is available in the building.

Does the developer's insolvency affect a tenant in Universal Trade Tower?

Indirectly. Universal Buildwell was admitted to insolvency in July 2018, and the resolution plan approved on 7 March 2025 proposes, according to news reports, liquidating the company's unsold units in this building for its creditors. Most offices are owned by individual investors, so your landlord is usually an owner, not the developer. Check that the person signing the lease holds a registered conveyance deed for the unit; a unit still in a Universal company's name is in the liquidation pool and needs the resolution professional's written consent. Ask the owners' association how maintenance and common services are run.