DLF Corporate Park Office for Sale, MG Road Gurgaon

DLF Corporate Park is a finished office park on MG Road in DLF Phase 3, Sector 24, Gurugram, about 0.3 km from the Guru Dronacharya metro station. DLF built it in 1996 to a design by Hafeez Contractor: seven square blocks of three to eight office floors on 3.65 acres, about 2.75 lakh sq ft, with basement parking for about 400 cars. In 1997 GE Capital took eight floors here for the back office that became Genpact. The blocks were built to be sold, and the park is now owned unit by unit.

The row this page replaces printed one rate and then gave example tickets of Rs 1.2 crore for about 1,550 sq ft and Rs 7 crore for about 7,500 sq ft, which divide to about Rs 7,700 and Rs 9,300 per sq ft. The page contradicted itself. Priced asks now run about Rs 18,400 to Rs 22,600 per sq ft, on rents of Rs 100 to Rs 160, for a yield of about 6 to 8 per cent.

What sellers ask, divided by the area

• A 2,253 sq ft office let to a Japanese company at Rs 116 on a six-year lease with a three-year lock-in, offered at Rs 5.1 crore: Rs 5,10,00,000 over 2,253 is Rs 22,636 per sq ft.
• Offices in Tower 4B of 1,553 to 4,064 sq ft at Rs 3.5 to Rs 7.46 crore, listed in April 2026: about Rs 22,537 at the small end and Rs 18,356 at the large end, if the smallest price goes with the smallest unit, which the listing does not quite say.
• Pre-leased units of 1,615, 1,784, 1,810, 5,100 and 5,200 sq ft are on a broker's list without published prices.

A portal's averages, Rs 12,400 for Sector 24 and Rs 17,600 for the wider micro-market, sit under every priced ask, because they mix in older and smaller stock. On the listings that print a price and an area, the park trades at about Rs 18,400 to Rs 22,600, with larger floors cheaper per sq ft and let units at the top.

The two one-unit pages that now fold into this one

This site carried two separate pages for pre-leased offices in DLF Corporate Park, both printing a call-for-price label and a new-launch status. They now fold into this page.

The 5,100 sq ft unit matches a pre-leased 5,100 sq ft office a broker lists in the park without a price. At the middle of the priced band it would be about Rs 10.5 crore; its own lease will decide. The second page gave no size, so it cannot be priced at all.

The rent, and the yield it produces

Offices let at about Rs 100 to Rs 160 per sq ft a month. The priced lease pays Rs 116. Listings on a coworking site for Tower 1 and Tower 3B quote Rs 160, one of them a 6,500 sq ft Tower 1 floor offered unfurnished on a 36-month lock-in, and another listing Rs 100. Maintenance is quoted on request, so ask for it and for who pays it. This site's Corporate Park rent page follows the asks floor by floor.

Now divide. The Japanese-tenant unit earns Rs 2.61 lakh a month, Rs 31.36 lakh a year: 6.15 per cent on Rs 5.1 crore. An office bought near Rs 18,400 and let at Rs 100 would earn 6.5 per cent. One let at Rs 160 on Rs 22,600 would earn 8.5 per cent. Rs 160 is an ask for an unfurnished floor, not a signed rent, and the one lease with a figure on it pays Rs 116. So the realistic yield is about 6 to 8 per cent gross. The old page's claim of 6 to 9 per cent is about right; it was the price beside it that was wrong.

How to price a unit here

Price a let unit from its rent: rent divided by yield. At Rs 116 and 6 per cent, an office is worth about Rs 23,200 per sq ft, which is where the Japanese-tenant unit sits. At Rs 100 and 6.5 per cent it is about Rs 18,500, the large-floor end of Tower 4B. Compare the road: Emaar Capital Tower, a few minutes away at Sikanderpur, asks Rs 26,000 to Rs 30,500 at Rs 140 to Rs 170; Sewa Corporate Park near IFFCO Chowk asks Rs 20,500 to Rs 26,200 let at 5.5 per cent; ABW Tower about Rs 18,000 upstairs. The road as a whole is on the MG Road office page.

Seven blocks, one name

The park is seven blocks, named 1, 2A, 2B, 3A, 3B, 4A and 4B, each built independently of the others so that space could be sold in different sizes. They differ: Tower 1 is two basements, ground and three floors, while Tower 4B is two basements, ground and eight floors of about 7,400 sq ft each, some 66,600 sq ft. InterGlobe's corporate office is in Block 2B, and the tenant list has included ICICI Bank and a number of finance and consumer companies. Some portals file the park under Garden Estate. Name the block and floor on every quote, because a low-rise block and an eight-storey one are different buildings.

Registration and title

The park was finished in 1996, long before Haryana began registering projects, so no RERA number applies. One portal prints HRERA 660 of 2017 against it; that number belongs to Emaar's Palm Drive Sky Terraces in Sector 66. DLF does not list the park in its own office portfolio, because it sold the blocks; each unit is bought from its owner. A purchase rests on the registered conveyance deed, the occupation certificate and the lease in place, and a thirty-year-old chain of title deserves a full read.

Who this suits, and who should look elsewhere

A let unit suits an investor who wants a company tenant beside a metro station on MG Road at about 6 per cent, for Rs 3.5 to Rs 10.5 crore. A vacant floor suits an occupier who wants a self-contained block office near the Delhi border. It does not suit a buyer who expects a modern tower: this is a 1996 building, and lifts, services and fire systems should be checked. It does not suit a buyer who reads a coworking rent as a bare lease. More let stock is on the pre-leased property page.

Before you pay anything

1. The block and floor: 1, 2A, 2B, 3A, 3B, 4A or 4B.
2. The lease: tenant, rent, start date, lock-in, deposit and step-ups.
3. The arithmetic: rent times twelve over price, against 6 to 8 per cent.
4. The building: the last upgrade of lifts and services in a 1996 block.
5. The title: the full chain from DLF to the seller, and a charge search.

Frequently asked questions

What is the price of office space in DLF Corporate Park, MG Road?

Priced asks run about Rs 18,400 to Rs 22,600 per sq ft. A 2,253 sq ft office let to a Japanese company at Rs 116 asks Rs 5.1 crore, Rs 22,636 per sq ft. Tower 4B offices of 1,553 to 4,064 sq ft are listed at Rs 3.5 to Rs 7.46 crore, about Rs 18,400 to Rs 22,500. The old page's price and its own example tickets did not agree with each other.

What rent does an office in DLF Corporate Park earn?

About Rs 100 to Rs 160 per sq ft a month. The priced lease pays Rs 116; listings for Tower 1 and Tower 3B quote Rs 160, one of them an unfurnished 6,500 sq ft Tower 1 floor, and another listing Rs 100. Maintenance is quoted on request. The rent on the lease you buy, not the building average, sets the price.

What is the rental yield on a pre-leased office in DLF Corporate Park?

About 6.2 per cent on the priced lease: Rs 116 on 2,253 sq ft is Rs 31.36 lakh a year, over Rs 5.1 crore. An office bought near Rs 18,400 and let at Rs 100 would yield about 6.5 per cent; one let at Rs 160 on Rs 22,600 would yield 8.5 per cent. Six to eight per cent is the realistic range.

When was DLF Corporate Park built, and who designed it?

In 1996, to a design by Hafeez Contractor: seven square blocks of three to eight office floors on 3.65 acres, about 2.75 lakh sq ft with basement parking for about 400 cars. In 1997 GE Capital took eight floors here for the back office that became Genpact, which is often dated as the start of India's outsourcing industry.

Which metro station is nearest to DLF Corporate Park?

Guru Dronacharya on the Yellow Line, about 0.3 km away, with Sikanderpur about 1.2 km away. The park is on MG Road in DLF Phase 3, Sector 24, near the Delhi border and NH-48.

Does DLF still own DLF Corporate Park?

No. The blocks were built to be sold to end users in various sizes, and the park does not appear in DLF's own office rental portfolio. A buyer buys from an individual owner, so the title chain and any charge on the unit matter more than the DLF name.

Does DLF Corporate Park have a RERA number?

No, and none applies to a building finished in 1996. One portal prints an HRERA number against it, but that number belongs to a different Emaar project in Sector 66. A purchase rests on the conveyance deed, the occupation certificate and the lease in place.