Vipul Agora Office for Rent, MG Road Gurgaon

Vipul Agora is a mall-and-office block on MG Road in Sector 28, Gurgaon, built by Vipul Limited and dated to 2008 by the leasing pages. It has three basements, a ground floor and four upper floors, about 2,15,000 sq ft in all, and sits within about half a kilometre of MG Road metro station. The row this page replaces was 498 words with a band of Rs 120 to Rs 130 a month and nothing else: no size, no loading, no monthly cost, no comparison. The top of that band holds. The bottom does not have a source behind it.

The one building-specific rate found is Rs 130 per sq ft a month, printed by two leasing pages read on 29 September 2026. This page works through what that means per sq ft of usable floor, what a 1,000 and a 5,000 sq ft office cost each month, and how Rs 130 sits against the other office buildings on MG Road.

What the rent is, and what you actually get for it

Rent in Gurgaon is billed on super area, which includes a share of corridors, lobbies, lift wells and services. One leasing page gives Vipul Agora a carpet area of about 27,950 sq ft inside a super area of about 43,000 sq ft. Divide: 27,950 / 43,000 = 0.65, so about 35 per cent of what you pay for is loading. That turns the headline into a different number:

• Rs 130 per sq ft of super area
• x 43,000 / 27,950 = about Rs 200 per sq ft of carpet

A 35 per cent loading is normal for an older mall-office building with deep common areas, but it is the figure that decides how many desks fit. Ask for the carpet area of the specific unit in writing, not the building average.

What an office costs a month, all-in

Maintenance was not published for Vipul Agora, so the table shows rent and GST firmly and maintenance as an illustration at the Rs 30 that Delta Square, a neighbour on the same road, charges. Replace it with the real figure when you get it.

The arithmetic for the 5,000 sq ft line: 5,000 x Rs 130 = Rs 6.5 lakh; 18 per cent of that is Rs 1.17 lakh. Maintenance at Rs 30 is Rs 1.5 lakh plus Rs 27,000 of GST, which takes the month to about Rs 9.44 lakh. A tenant registered for GST can usually claim the input credit, which lowers the real cost; a small firm that is not registered cannot.

Sizes on offer, and one claim that does not fit

Listings read for this page name units of about 1,000 sq ft, 4,789 sq ft and 6,900 sq ft, and one leasing page offers a block of 43,000 sq ft super area. Offices run from the ground floor to the fourth, offered bare, furnished, serviced or built to suit. One broker page says space from 3,000 sq ft up to 1,00,000 sq ft is available. A building of about 2,15,000 sq ft in total, with its lower levels given to retail, is unlikely to have 1,00,000 sq ft of office free at once; treat that line as marketing and ask for a stacking plan.

Deposit, lock-in and escalation

No listing printed a deposit, a lock-in or an escalation for this building. What is known is that leases here run three to ten years. The deposit matters most, because it is cash out before you move in: each month of deposit on a 5,000 sq ft office is Rs 6.5 lakh, so three months is Rs 19.5 lakh and six months Rs 39 lakh. Escalation compounds: at 5 per cent a year, Rs 130 becomes about Rs 150 in year four (130 x 1.05 x 1.05 x 1.05 = 150.5). At 15 per cent every three years, a common Gurgaon clause, it is Rs 149.5 from year four. Get both in the term sheet before you discuss fit-out.

How Vipul Agora compares on MG Road

Rs 130 puts Vipul Agora in the upper half of the road. It is Rs 20 to Rs 30 above the two MGF malls' offices and Rs 10 above Delta Square's rent, though if Delta Square's Rs 30 maintenance is added the two may land close together once Vipul Agora's maintenance is known. On 5,000 sq ft, the Rs 30 gap to MGF Metropolis at Rs 100 is Rs 1.5 lakh a month, Rs 18 lakh a year. That is the price of the particular floor and fit-out, not of the address, which the buildings share. The wider road is covered on the MG Road office page, and the area on the MG Road real estate page.

Which Vipul building this is

Vipul Limited has at least six commercial buildings in Gurgaon with similar names: Vipul Agora, Vipul Plaza, Vipul Square, Vipul Tech Square, Vipul Trade Centre and Vipul Business Park. Vipul Agora is the one on MG Road in Sector 28. Rates for Vipul Tech Square in Sector 43, about Rs 100, are sometimes printed against this building in search results; they are a different building on a different road. Check the address on every listing.

The case against

• It is a 2008 mall-office building: floor plates and services are of that date, and part of the footfall is mall traffic, not office traffic.
• About 35 per cent loading on the building figures quoted, so the carpet rent is about Rs 200.
• No maintenance, deposit or escalation figure is published.
• Only one building-specific rent was found, so the market here is thin and the first quote is a starting point.
• Vipul Limited was admitted to insolvency in January 2020, an order set aside on appeal once it settled. For a tenant this matters little, but confirm who owns your unit and that the owner is the party signing.

Before you sign

1. Carpet and super area of the actual unit, in writing.
2. Maintenance: the rate, what it covers, and air-conditioning hours.
3. Deposit months, lock-in and escalation, in the term sheet.
4. Parking: the number of bays per 1,000 sq ft and the charge for extra ones.
5. Power backup: whether it covers air conditioning, not just lights.
6. Owner: the registered owner of the unit is the party signing, with no dispute over dues.

Frequently asked questions

What is the office rent in Vipul Agora, MG Road?

About Rs 130 per sq ft a month on the super area, which is the one building-specific rate two leasing pages print. The old row's band of Rs 120 to Rs 130 had the right top; no listing read on 29 September 2026 quoted anything as low as Rs 120. Rent is billed on super area, and with carpet of about 27,950 sq ft inside a 43,000 sq ft super area, Rs 130 works out to about Rs 200 per sq ft of carpet.

What are the maintenance charges in Vipul Agora?

No source published a maintenance or CAM figure for Vipul Agora, so this page does not print one. Delta Square, a few hundred metres along MG Road, charges Rs 30 on top of a Rs 120 rent, and that is the order of magnitude to expect. Ask for the rate, what it covers (common areas, air conditioning hours, power backup) and how often it has been raised.

How much does a 1,000 sq ft office in Vipul Agora cost a month?

For a 1000 sq ft office, about Rs 1.30 lakh in rent (1,000 x Rs 130), plus 18 per cent GST of Rs 23,400, so about Rs 1.53 lakh before maintenance. If maintenance runs at Delta Square's Rs 30, add Rs 30,000 and a further Rs 5,400 of GST, for roughly Rs 1.89 lakh all-in. A 5,000 sq ft office is five times that: about Rs 7.67 lakh before maintenance.

How far is Vipul Agora from the metro?

The nearest station is MG Road on the Yellow Line. The building is on MG Road in Sector 28, within about half a kilometre of MG Road metro station on the Yellow Line, according to the leasing pages. That is a short walk, which few Gurgaon office buildings outside the MG Road mall strip can offer.

What sizes of office are available in Vipul Agora?

Listings read on 29 September 2026 name units of about 1,000, 4,789 and 6,900 sq ft, and one leasing page lists a block of 43,000 sq ft super area. Offices run from the ground floor to the fourth, offered bare, furnished, serviced or built to suit. One broker's claim of up to 1,00,000 sq ft in one go does not fit a 2,15,000 sq ft building that is part mall, and is not relied on.

What deposit and lock-in should I expect in Vipul Agora?

No listing printed a deposit, lock-in or escalation for this building. Leases here run three to ten years. Every month of deposit on a 5,000 sq ft office at Rs 130 is Rs 6.5 lakh of interest-free money, so negotiate the number of months before anything else, and get the lock-in and the yearly escalation written into the term sheet.

When was Vipul Agora built and who developed it?

Vipul Limited, the listed Gurgaon developer, built it; leasing pages date it to 2008. It has three basements, a ground floor and four upper floors, about 2,15,000 sq ft in all, with retail at the lower levels and offices above. It predates the Haryana registration regime, so no RERA number applies.