Global Foyer Office Space for Sale, Golf Course Road Gurgaon

Global Foyer is the glass-fronted mall and office block on Golf Course Road in Sector 43, about 300 metres from the Sector 42-43 Rapid Metro station. It has three basements, a ground floor and eight floors above: shops, showrooms and restaurants on the ground, first and second floors, offices from the third to the eighth. It was finished around 2010 by Global Realty, a brand of the Rajdarbar group, whose real estate company is Rajdarbar Realty Limited; that company is the builder to name on any document. The nearest metro is Sector 42-43 on the Rapid Metro line. Anyone searching for Global Foyer office space for sale wants two numbers: what a let office costs here and what it pays. This page used to print neither. It said Price on Call and labelled a sixteen-year-old building a New Launch.

The one priced sale on the listings read for this page answers both. A fully furnished 1,616 sq ft office let to a multinational at Rs 125 per sq ft a month is offered at Rs 4.04 crore. That is Rs 25,000 per sq ft, and a 6.0 per cent gross yield. Everything below is about whether that price is fair, and what the other numbers in circulation mean.

At a glance

The ask, divided out

Rs 4,04,00,000 over 1,616 sq ft is exactly Rs 25,000 per sq ft. The rent is 1,616 times Rs 125, or Rs 2,02,000 a month and Rs 24.24 lakh a year. Rs 24.24 lakh over Rs 4.04 crore is 6.0 per cent, which is the return the listing itself prints. The lease is a fresh nine-year term from October 2023 with a lock-in of four and a half years, so the tenant is bound until about April 2028. The office comes with 15 workstations, two cabins, a conference room, a meeting room, a reception and a pantry, all fitted by the owner.

That is a full price. A second furnished office of 1,450 sq ft is on the market near the metro with no figure printed, and one broker page says units start from Rs 1.25 crore without giving an area, so neither can be divided. We print no rate for them.

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

This site carried two more pages for offices here. One is a pre-leased office of 1,663 sq ft in Global Foyer, Sector 43, printed as price of call. The other, titled Global Foyer office for sale on Golf Course Road, gives no size and printed a rate of about Rs 18,000 to Rs 22,000 per sq ft. Both name this building, and there is only one Global Foyer on Golf Course Road, so both belong here and now fold into this page. The group's other Global Foyer, in Palam Vihar, is a block of serviced flats and not an office building.

The 1,663 sq ft and 1,616 sq ft offices may be the same unit measured two ways; a difference of 47 sq ft is typical of a super area quoted before and after a remeasurement. Ask for the unit number and the tenant's name before treating them as two offices. Anyone who searched for the 1663 sq ft pre-leased office by that number has found it here.

The rent, and where the old band came from

Offices in Global Foyer let at about Rs 100 to Rs 130 per sq ft a month on the listings read for this page, which this site's Global Foyer rent page sets out for a tenant:

• Rs 100 and Rs 110 on two leasing pages for the building.
• Rs 105 for a 5,400 sq ft fully furnished office.
• Rs 125 on the 1,616 sq ft unit, let to a multinational in 2023, and on another furnished office of about the same size.
• Rs 130 for a furnished office of 3,000 sq ft.

Nearby buildings agree. MPD Tower, about the same distance from the same metro station, lets at Rs 100 to Rs 105, as the MPD Tower rent page shows, and Vipul Tech Square in Sector 43 at about Rs 100 on its rent page. This site's Golf Course Road office page quotes premium towers, Global Foyer among them, at Rs 130 to Rs 260. The listings for this building do not reach that high: Rs 130 is the top we found, and it is for furnished space.

Now the old band. Rent divided by yield gives the value of a let office. At Rs 110 a month one sq ft earns Rs 1,320 a year; at a 6 per cent yield that is worth Rs 22,000, and at 7 per cent Rs 18,860. So the old Rs 18,000 to Rs 22,000 is what the building's middle rent is worth at the corridor's usual yields. It was a fair band for an office let at Rs 110. It is too low for one let at Rs 125, where 6 per cent gives Rs 25,000 and 7 per cent gives Rs 21,430.

Is Rs 25,000 fair?

It is at the top of the range. This site's Golf Course Road page puts the corridor's sale rates at Rs 12,000 to Rs 25,000 per sq ft and gross yields at about 7 to 9 per cent. At 6.0 per cent this ask pays less than the corridor norm. For comparison, Vipul Square in the same sector trades at about Rs 16,000 to Rs 17,300 on rents near Rs 90, a 6.2 to 6.8 per cent yield, and Veritas Tower in Sector 53 is valued at Rs 18,200 to Rs 24,000.

Three things argue for paying near the ask. The rent is high for the corridor, Rs 125 against Rs 100 in the neighbouring towers. The lock-in runs to about 2028. And most nine-year leases in Gurugram step the rent up every three years, which would put the first step-up for a lease from October 2023 at about October 2026. If that step is the common 15 per cent, the rent goes to about Rs 144 and the yield on Rs 4.04 crore to about 6.9 per cent. Ask for the lease and read the escalation clause before you believe that; it is the whole case for the price.

Against it: the rent includes furniture the owner paid for, which wears out and which a new tenant may not want, so part of that Rs 125 is a return on fittings rather than on the space. Our view is that a buyer should open at about 6.5 per cent on the current rent, which is about Rs 23,080 per sq ft or Rs 3.73 crore for the 1,616 sq ft office, and move towards Rs 4.04 crore only if the lease shows a step-up that falls within the next few months.

Registration and title

Global Foyer was complete and let years before the Haryana authority began registering projects in 2017, so there is no RERA number and none is needed. A portal page carrying registration fields for this building is a template. A purchase here rests on three documents: the registered conveyance deed in the seller's name, the occupation certificate for the building, and the lease in place. Ask also for the maintenance agency's no-dues letter and the current rate of maintenance per sq ft, because in a mall-and-office block the shops downstairs and the offices upstairs often pay different rates.

Who this suits, and who should look elsewhere

It suits an investor who wants a let office of about 1,500 to 1,700 sq ft on Golf Course Road, beside the Rapid Metro, with a multinational tenant locked in until 2028, and who accepts a 6 per cent start in return for a step-up. It suits a firm that wants a small furnished office in a building with restaurants and showrooms downstairs. It does not suit a buyer who wants 7 per cent or more from day one; Sohna Road and older Golf Course Road blocks pay that, at a lower rent and with a longer tenant queue. More let offices across the city are on the pre-leased property page, and stamp duty on a commercial purchase is set out on the Gurgaon registration charges page.

Before you pay anything

1. The lease: tenant, start date, lock-in, deposit and, above all, the step-up clause.
2. The unit number and the deed area, so 1,616 and 1,663 sq ft can be matched or told apart.
3. The furniture: who owns it, what it is worth, and whether the tenant's rent is split between space and fit-out.
4. The title: a registered conveyance with no charge on it, and the occupation certificate.
5. Maintenance: the office rate, who pays it, and the no-dues letter.

Frequently asked questions

What is the price of office space for sale in Global Foyer?

The one priced ask read in September 2026 is a fully furnished 1,616 sq ft office let at Rs 125 per sq ft a month, offered at Rs 4.04 crore. That is exactly Rs 25,000 per sq ft. An older page on this site printed Rs 18,000 to Rs 22,000, which fits an office let at Rs 110 rather than one let at Rs 125.

What rent does an office in Global Foyer earn?

About Rs 100 to Rs 130 per sq ft a month on the listings read for this page. Leasing pages quote Rs 100 and Rs 110, a 5,400 sq ft furnished office Rs 105, the 1,616 sq ft unit let to a multinational Rs 125, and a 3,000 sq ft furnished office Rs 130. Neighbouring MPD Tower, near the same metro station, lets at Rs 100 to Rs 105.

What is the rental yield on a pre-leased office in Global Foyer?

About 6.0 per cent gross on the priced ask. The 1,616 sq ft office earns Rs 2,02,000 a month, or Rs 24.24 lakh a year, against Rs 4.04 crore. If the lease from October 2023 steps up 15 per cent after three years, the rent rises to about Rs 144 and the yield to about 6.9 per cent, so read the escalation clause first.

Who built Global Foyer, and when?

Global Realty, a brand of the Rajdarbar group, whose real estate arm is Rajdarbar Realty Limited; some listings name the company as Global Realty Venture. The building was finished around 2010, with three basements, a ground floor and eight upper floors. Shops and restaurants take the ground to second floors and offices the third to eighth. The group also uses the Global Foyer name in Palam Vihar.

Does Global Foyer have a RERA number?

No, and none applies. Global Foyer on Golf Course Road was finished and let around 2010, and Haryana began registering projects only in 2017. A buyer relies instead on the registered conveyance deed in the seller's name, the building's occupation certificate and the lease in place. Any portal page showing registration fields for this building is filling in a template.

Is Global Foyer near the metro?

Yes. The building stands on Golf Course Road in Sector 43, about 300 metres from the Sector 42-43 station of the Rapid Metro, which runs to Cyber City and meets the Delhi Metro Yellow Line at Sikanderpur. That walk from the station is one reason offices here let at Rs 125 while some older Golf Course Road blocks let at Rs 100.