Vipul Trade Centre Office for Rent, Sector 48 Gurgaon

Vipul Trade Centre is a retail-and-office building on Sohna Road in Sector 48, Gurgaon, built by Vipul Limited. It has three basements, a ground floor and six upper floors, about 3,19,000 sq ft on about 4.06 acres, with floor plates of about 45,000 sq ft. The row this page replaces printed Rs 55 to Rs 65 a month in 505 words. That band was roughly right. What it did not say is that furnished space is being offered below bare space, that the building has no metro within 7 km, and what a floor this size actually costs.

Offices let at about Rs 50 to Rs 60 per sq ft a month: Rs 60 is the leasing quote for the building, and Rs 50 is what one listing asks for semi-furnished and furnished units.

Where the Rs 50 to Rs 60 comes from

• Leasing pages quote Rs 60 for office space in Vipul Trade Centre, on leases of three to ten years.
• One listing offers semi-furnished and fully furnished offices at Rs 50, in units of about 1,000 to 3,000 sq ft.
• One page prints a range of Rs 70 to Rs 120 for "office rental prices" in general. It is not tied to this building, sits above every building-specific rate found, and is not used.

Furnished space below bare space is the wrong way round; in a normal market furniture and fit-out add Rs 15 to Rs 25 a month. Here it could not be established why. The likely reasons are an older fit-out that the landlord wants to recover something on, a less efficient unit, or plain vacancy. Whatever the reason, it gives a tenant a bargaining point on bare space too.

What an office costs a month

Maintenance was not published. If it runs like Welldone Tech Park in the same sector at Rs 20, add Rs 20,000 plus Rs 3,600 of GST to the 1,000 sq ft line, taking it to about Rs 94,400 a month, and Rs 1 lakh plus Rs 18,000 of GST to the 5,000 sq ft line, about Rs 4.72 lakh. That is an illustration until the building's own figure is in writing.

The floor plate

A 45,000 sq ft floor is large for Sohna Road. Seven floors of 45,000 sq ft come to 3,15,000 sq ft, which squares with the 3,19,000 sq ft total, so the plate figure is believable. A plate this size suits a back office, a support centre or an engineering team of several hundred on one level. It also means the building is let in pieces: coworking operators take space in it, and units of 1,000 to 3,000 sq ft are listed alongside whole-floor offers.

Who is in the building

Tenants named on leasing pages include USG Boral Building Products India, Komatsu India, iZenBridge Consultancy, Reallearning Technologies, Sumantra Tech Services and FSL Software Technologies: a mix of industrial companies' offices and small technology firms. Two coworking operators run centres here too, which is useful for a team that wants to start with desks and move to its own unit in the same building.

Getting there

There is no metro on Sohna Road. The nearest station is Millennium City Centre, the old HUDA City Centre, at the end of the Yellow Line, about 7 km away. Staff will drive or use cabs, so parking matters more here than in the MG Road buildings: ask how many bays in the three basements come with your unit, and what an extra bay costs a month.

How it compares on Sohna Road

On Sohna Road, Vipul Trade Centre sits with ILD Trade Centre and Welldone Tech Park in a Rs 50 to Rs 60 band. Its sister building in Sector 43, Vipul Tech Square, lets at about Rs 100 because it is closer to Golf Course Road and the Rapid Metro. For a 5,000 sq ft office the difference is Rs 2 lakh a month. The road's other offices are on the Sohna Road office page, and the sector's on the Sector 48 office page. For a buyer rather than a tenant, JMD Megapolis is the nearest refreshed sale page.

Which Vipul building this is

Vipul Business Park is also in Sector 48 on Sohna Road, and search results mix the two. Vipul Trade Centre is the G+6 building of about 3,19,000 sq ft; Vipul Business Park is a separate block. One directory even places Vipul Trade Centre in Sector 56, which is wrong. Check the building name and sector on every quote.

The case against

• No metro within 7 km.
• No maintenance, deposit or escalation figure published.
• Furnished space offered below bare space, for reasons no listing explains.
• Completion year not established; the building is not new.
• Listings for Vipul Business Park mixed into search results.

Before you sign

1. Building: Vipul Trade Centre, not Vipul Business Park.
2. Carpet and super area of the unit, in writing.
3. Maintenance and whether a Rs 50 furnished rent includes it.
4. Parking bays with the unit, and the price of extra ones.
5. Deposit, lock-in and escalation in the term sheet.
6. Power backup coverage for air conditioning.

Frequently asked questions

What is the office rent in Vipul Trade Centre, Sohna Road?

About Rs 50 to Rs 60 per sq ft a month on the rates found. Leasing pages quote Rs 60 for office space in the building, and one listing offers semi-furnished and fully furnished offices at Rs 50. The old row's Rs 55 to Rs 65 was close. A general Sohna Road range of Rs 70 to Rs 120 printed on one page is not specific to this building and is not used.

Why is furnished space in Vipul Trade Centre offered below the bare rate?

It could not be established from the listing. A furnished office at Rs 50 against Rs 60 for bare space usually means an older fit-out, a smaller or less efficient unit, or a landlord keen to fill space. Inspect the furniture, cabling and air conditioning, and ask whether maintenance is included in the Rs 50.

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

For a 1000 sq ft office at Rs 60, about Rs 60,000 in rent plus Rs 10,800 of GST, about Rs 70,800 before maintenance. At Rs 50 it is Rs 50,000 plus Rs 9,000 of GST. A 5,000 sq ft office at Rs 60 is Rs 3 lakh plus Rs 54,000 of GST.

What are the maintenance charges in Vipul Trade Centre?

No maintenance figure was published for Vipul Trade Centre. Welldone Tech Park in the same sector charges Rs 20 on top of a Rs 55 rent, which is the order to expect. Ask for the rate and whether it includes air conditioning.

Which companies are in Vipul Trade Centre?

Tenants named on leasing pages include USG Boral Building Products India, Komatsu India, iZenBridge Consultancy, Reallearning Technologies, Sumantra Tech Services and FSL Software Technologies. Two coworking operators also run centres in the building.

How big is Vipul Trade Centre and how big are its floors?

About 3,19,000 sq ft on about 4.06 acres, with three basements, a ground floor and six upper floors. Floor plates are about 45,000 sq ft; seven floors of 45,000 is 3,15,000 sq ft, which squares with the total.

How far is Vipul Trade Centre from the metro?

About 7 km from Millennium City Centre, the old HUDA City Centre station at the end of the Yellow Line. There is no metro on Sohna Road, so this is a building for staff who drive or use cabs.