Vipul Tech Square Office for Rent, Sector 43 Gurgaon

Office space for rent in Vipul Tech Square Sector 43 Gurgaon is about Rs 100 per sq ft a month, which is the lower end of the Golf Course Road range and unremarkable. The work on this building is not the rent. It is making sure the quote in your inbox is for this building at all.

Vipul has at least six commercial buildings in Gurgaon with names that read alike — Tech Square, Square, Plaza, Agora, Trade Centre, Business Park — and two of them are in Sector 43. A rate headed "Vipul, Sector 43" tells you the developer and nothing more.

Tech Square is not Vipul Square

Both are Vipul, both are Sector 43, and search results for one return listings for the other. Vipul Square vs Vipul Tech Square is the comparison your shortlist is already making without meaning to, so make it deliberately. That Rs 125 figure belongs to a small furnished unit in Sushant Lok, not to a floor here; the Rs 90 belongs to a bare-shell listing there too.

So before you discuss rent: get the building name and the sub-location in writing on the draft lease deed, and check the address on the maintenance bill. Shortlisting by email on a heading is how a tenant ends up negotiating a Sushant Lok rate for a Golf Course Road floor, or the reverse.

What the development actually is

About 5.56 acres carrying three completed commercial towers on Golf Course Road. Tower C is the one most often marketed, at around 36,000 sq ft of super area. Round-the-clock security, power backup, basement parking.

Three towers on one site is a genuine advantage when you are choosing. You can compare floor plates, orientation and what is actually available across three buildings without changing address or restarting the search — which is more choice than a single tower on the same road can offer.

A landlord whose accounts you can read

The developer is Vipul Limited, a publicly listed company operating since 2001. That matters more than tenants usually credit: before you hand over six to ten months of rent as a deposit, you can read the landlord's filed accounts.

One caveat that applies across this development. Units here are held both by Vipul and by individual investors, and a number trade pre-leased with tenants in place. So your actual landlord may be a private owner rather than the listed company, and the comfort above does not transfer. Establish which you are dealing with, and confirm the registered owner is the party signing your lease.

Where Rs 100 sits on this road

At the bottom of the Golf Course Road range, and that is fair for completed stock set back from the road's best addresses. For context from buildings we hold pages on: Grade A space on Golf Course Road proper runs about Rs 110 to Rs 130 with a Rapid Metro station about half a kilometre away, while a corridor out on Golf Course Extension the same money buys a good deal more floor and no rail at all.

What you are buying at Rs 100 here is the Golf Course Road address at the cheapest honest price on it, with the Sector 42-43 Rapid Metro station about half a kilometre away — walkable in winter, a short auto ride in June. What you are not buying is a new building.

What to settle before signing

• Which building and which tower — in writing, before anything else.
• The carpet area on your unit.
• The maintenance rate and its inclusions, quoted separately.
• Parking bays for your unit, written in.
• Escalation and lock-in.
• Who the registered owner is — Vipul, or an investor who bought the floor.
• The occupation certificate and the dues position on that unit.

Our view

The rent is right and the risk is clerical. At about Rs 100 a foot this is sensible value for a Golf Course Road address, and three towers on one site gives you more to choose from than most of the corridor. Nothing about the building needs arguing over.

What needs care is the name. Six Vipul commercial buildings and two in this sector means the rates a search returns are a blend of six addresses, and the difference between the cheapest and the dearest of them is about forty per cent. Pin the tower first and the rest of the negotiation is ordinary.

For the corridor and the comparisons: Veritas Tower at Rs 110-130 on the same road, Salcon Platina on MG Road at Rs 100-125 with a metro interchange at 0.3 km, and M3M Urbana Business Park at Rs 60-90 a corridor out. The road pages are office space on Golf Course Road and office space for sale on Golf Course Extension Road.

Frequently asked questions

What is the office rent in Vipul Tech Square Sector 43 Gurgaon?

About Rs 100 per sq ft a month plus maintenance, with Tower C — the tower most often marketed — quoted at around 36,000 sq ft of super area. That is the lower end of the Golf Course Road range.

Is Vipul Tech Square the same as Vipul Square?

No, and this is the thing to settle before anything else. They are two different buildings, both in Sector 43, both by Vipul. Tech Square is on Golf Course Road on the DLF Phase 5 side; Vipul Square is in Sushant Lok Phase 1. Vipul Square quotes between about Rs 89 and Rs 125 depending on the unit — a furnished 1,380 sq ft unit there is offered at Rs 125 and a bare lease listing at Rs 90. Those are not this building's rates.

How many Vipul commercial buildings are there in Gurgaon?

At least six with names that read alike: Vipul Tech Square, Vipul Square, Vipul Plaza, Vipul Agora, Vipul Trade Centre and Vipul Business Park. A quote headed 'Vipul' tells you the developer and nothing else. Check the building name and the sub-location on the draft lease deed and the address on the maintenance bill.

How big is the development?

About 5.56 acres carrying three completed commercial towers. Tower C is marketed at around 36,000 sq ft of super area. Three towers on one site is a real advantage when you are choosing: you can compare floor plates and orientation without changing address.

Who is the landlord, and does it matter?

The developer is Vipul Limited, a publicly listed company operating since 2001. It matters more than tenants usually think: a listed landlord files accounts you can read before you hand over eight months of deposit. On strata floors your actual landlord may be an individual investor rather than Vipul, so establish which you are dealing with.

What should I settle before signing?

Which building and which tower, in writing, first. Then the carpet area, the maintenance rate and its inclusions, the parking bays for your unit, the escalation and lock-in, and the occupation certificate with the dues position. If the unit is owned by an investor rather than by Vipul, confirm the registered owner is the party signing.