Vipul Square Office for Rent, Sector 43 Gurgaon

Vipul Square is Vipul Limited's office block in B Block, Sushant Lok Phase I, Sector 43, Gurugram, finished in 2003 and let floor by floor ever since. Its typical floor is about 18,389 sq ft, and offices come in anything from about 1,000 sq ft suites to whole floors. On the listings read on 30 September 2026, bare and warm-shell offices ask about Rs 90 to Rs 105 per sq ft a month and furnished offices Rs 115 to Rs 125, with maintenance of about Rs 21 on top.

The row this page replaces printed a band of about Rs 80 to Rs 125 marked "bare to furnished", with a minimum of Rs 1.5 lakh. The ends of that band are real, but the label is backwards at the bottom: the Rs 80 quote is for large furnished space built to a tenant's needs, not for a bare office. A bare office costs Rs 90 or more.

Asking rents by fit-out and size

Rs 3,60,000 divided by 3,750 sq ft is Rs 96. The spread between bare and furnished, about Rs 20 to Rs 30 a foot, is the price of the furniture, cabling and air-conditioning fit-out. Over a three-year lease, Rs 25 a foot on 1,400 sq ft adds up to about Rs 12.6 lakh; set that against a quote for fitting out bare space yourself before choosing. Existing leases show where the building has settled: suites let at Rs 89 and Rs 90 are on sale to investors with their tenants in place, which this site's Vipul Square sale page sets out.

Three asks that do not fit

The Rs 80 built-to-suit offer for 5,000 to 9,000 sq ft is the cheapest per foot and is furnished to the tenant's plan. It is what a large, committed tenant can get in an older building that wants its floors full. Expect a longer lock-in in return.

At the other end, a portal's rent page carries a 2,322 sq ft office at Rs 3.39 lakh a month, which is Rs 146 a foot, and an 8,992 sq ft office at Rs 13.83 lakh, which is Rs 154. Those are 17 to 23 per cent above the building's top furnished ask. The summaries do not say whether they include furniture, fit-out or maintenance. The 8,992 sq ft figure also sits awkwardly beside the Rs 80 built-to-suit offer for space of the same size. Until the listing says what is in the number, do not use either as a guide to the building.

What an office costs a month

Rent and maintenance are charged on super area; GST at 18 per cent is added to the rent. With maintenance at Rs 21:

A GST-registered firm usually claims back the tax on rent, which takes the 1,471 sq ft office to about Rs 1,63,281. Electricity is billed on meter. One listing says a unit here has about 70 per cent of its super area as carpet, so a 1,471 sq ft office gives about 1,030 sq ft to sit in; the cost per usable foot is therefore about Rs 182 on the all-in figure, not Rs 127.

Deposit, lock-in and step-ups

• Deposit: three months on the 3,750 sq ft listing, which is Rs 10.8 lakh there. Broker listings for let offices in Vipul's two Sector 43 buildings print four to five months.
• Lock-in: a leasing site expects 36 months; broker listings print two to four years.
• Escalation: 15 per cent, either every three years or after four, on the same broker listings.
• Lease length: three to ten years or more for leased offices.
• Move-in: one to three months for fit-out, furniture and paperwork; ask for that time rent-free on bare space.

Those terms come from listings for let offices, many of which are being sold with the tenant in place, so they show what landlords here have accepted. A tenant of 1,500 sq ft is unlikely to get better than three months' deposit and a three-year lock-in; a tenant of a whole floor has room to trade a longer lock-in for a lower rent.

Floors, parking and how big the building is

The typical floor plate is about 18,389 sq ft. Sources disagree on the rest. One project page gives a single block of two basements, a ground floor and ten upper floors, with about 2,02,279 sq ft built up on 2.76 acres. A coworking directory describes about 3 acres, three towers and about 2,02,278 sq ft, with three levels of basement parking. The built-up area agrees to the foot; the block count and the number of basements do not. Eleven floors of 18,389 sq ft would be about 2,02,279 sq ft, the same figure, which supports the single block. The building's occupation certificate settles it.

This page carries charts rather than photos of Vipul Square. The developer's own project page for the building is where to look for pictures, and a visit shows what a tenant pays for and pictures skip: the lift lobby at the morning peak, the basement parking and the washrooms on the floor on offer.

Parking is in the basements. One resale listing for a 2,141.5 sq ft unit includes two bays, about one bay per 1,070 sq ft; ask how many come with your office and what an extra bay costs.

Who is already in the building

A listing site names Axis Bank, Procter and Gamble Home Products, Tata BlueScope Steel, Toyota Tsusho Insurance Broker India, Nandos Services India, Plantronics India, PI Industries, Spinny Valuedrive Technologies, RSM Delivery Center, Firmenich, Clean Max Enviro Energy Solutions and several smaller firms. One suite on sale is let to an airline. The mix is regional offices of large companies taking a few thousand sq ft each, which suits a building whose units start near 1,000 sq ft.

Getting there

One portal puts the distance to Millennium City Centre, the old HUDA City Centre station at the end of the Yellow Line, at about 1.5 km. Another listing says 200 metres and a 20-minute walk in the same breath; a 20-minute walk is about 1.5 km, so the longer figure is the one to plan on. The building is also a short drive from Golf Course Road and NH-48. For offices closer to a station, see the office space near metro page.

Five Sector 43 and Golf Course Road buildings compared

Unitech Trade Centre in the same colony is the closest substitute and sits nearer the metro, at a similar furnished rate. MPD Tower and Vipul Plaza ask Rs 97 to Rs 110, about the top of Vipul Square's bare range, and put a Rapid Metro station a few minutes' walk away. More options in the colony are on the Sushant Lok office page.

The other Vipul building in Sector 43

Vipul Tech Square is a separate three-tower campus on the Golf Course Road frontage, letting at about Rs 100, with one tower built for Dell. Quotes and floor plans for the two get swapped in listings. Make sure the draft lease names Vipul Square, B Block, Sushant Lok Phase I, and that the maintenance bill carries the same address. For a buyer's view of the campus, see the Tech Square sale page.

The landlord

Most suites here belong to private investors who bought them from Vipul Limited, so the landlord is usually an individual or a small company, not the developer. Confirm that the person signing is the registered owner, with the conveyance deed. Vipul Limited's own tribunal cases, a 2020 insolvency admission set aside after a settlement and a 2021 admission whose stage could not be established, matter only where the developer itself is the lessor.

Before you sign

1. Building and block: Vipul Square, B Block, Sushant Lok Phase I, not Vipul Tech Square.
2. Super and carpet area: with about 70 per cent efficiency, the carpet figure is the one to plan seats on.
3. What the rent includes: furniture, fit-out, maintenance; especially on any quote above Rs 125.
4. Maintenance: the Rs 21 confirmed in writing, what it covers and whether GST is added.
5. Deposit, lock-in and escalation: all three in the term sheet.
6. Parking: bays with the unit, in writing.
7. The owner's title: a registered conveyance deed in the lessor's name.

Frequently asked questions

What is the office rent in Vipul Square, Sushant Lok?

About Rs 90 to Rs 105 per sq ft a month for bare or warm-shell offices and Rs 115 to Rs 125 for furnished ones, on listings read on 30 September 2026. A 1,471 sq ft office asks Rs 90, a 3,750 sq ft office Rs 3.6 lakh a month (Rs 96), warm-shell space Rs 105, and a furnished 1,380 sq ft office Rs 125. Maintenance of about Rs 21 is extra.

What are the maintenance charges in Vipul Square?

About Rs 21 per sq ft a month, the one figure printed on a leasing page for the building; other listings say only that maintenance is extra. On a 1,471 sq ft office that is Rs 30,891 a month on top of the rent. Ask whether it covers air conditioning and power backup, and whether GST is added.

How much does a 1,500 sq ft office in Vipul Square cost a month?

The 1,471 sq ft bare office at Rs 90 costs about Rs 1,87,111 a month: Rs 1,32,390 rent, Rs 30,891 maintenance at Rs 21 and Rs 23,830 of GST on the rent. A furnished 1,380 sq ft office at Rs 125 costs about Rs 2,32,530 on the same basis.

What deposit and lock-in does Vipul Square ask?

A 3,750 sq ft listing asks three months' deposit. A leasing site expects a 36-month lock-in, and broker listings for let offices in Vipul's two Sector 43 buildings print deposits of four to five months, lock-ins of two to four years and 15 per cent rises every three or four years. Settle all four terms in the term sheet.

Why do two Vipul Square listings ask Rs 146 and Rs 154 a foot?

It could not be established. A 2,322 sq ft office at Rs 3.39 lakh a month is Rs 146 a foot and an 8,992 sq ft office at Rs 13.83 lakh is Rs 154, well above every other ask. They may include furniture, fit-out or maintenance. Ask what the figure covers before comparing it with the Rs 90 to Rs 125 elsewhere in the building.

Which companies have offices in Vipul Square?

A listing site names Axis Bank, Procter and Gamble Home Products, Tata BlueScope Steel, Toyota Tsusho Insurance Broker India, Nandos Services India, Plantronics India, PI Industries, Spinny Valuedrive Technologies and RSM Delivery Center among others, and one let suite has an airline as tenant. Lists like this age, so check who is on your floor.

How far is Vipul Square from the metro?

About 1.5 km from Millennium City Centre, the old HUDA City Centre station, on one portal; another listing calls it both 200 metres and a 20-minute walk from the same station, and the walk fits 1.5 km, not 200 metres. Staff can walk it in cool weather or take a short auto ride.

What is the address and pin code of Vipul Square?

The listings give Vipul Square, B Block, Sushant Lok Phase I, Sector 43, Gurugram. No source read printed its postal code. The lessor's conveyance deed or a maintenance bill for the unit carries the full address, and the draft lease should repeat it exactly, since listings sometimes mix the building up with Vipul Tech Square on Golf Course Road.