Iris Tech Park Office for Sale, Sohna Road Gurgaon

Iris Tech Park is a finished office park of three towers on about 5 acres on main Sohna Road, Gurugram, built by Trehan IRIS and completed in 2010. Most listings put it in Sector 48; a few say Sector 49, because the park sits where the two sectors meet on Sohna Road. Each tower is ground plus ten floors over three basements, and the park totals roughly 3.36 to 3.70 lakh sq ft. The row this page replaces printed a single figure of about Rs 9,920 per sq ft marked as pre-leased. That figure is real, but it is one let unit, not the building.

Offices ask about Rs 8,200 to Rs 10,250 per sq ft and let at about Rs 55 to Rs 62 a month for furnished space. That works out to a gross yield of roughly 6.6 to 8 per cent on asking figures, which is at the upper end for a 2010 building on this road.

What sellers ask, divided by the area

• A 2,349 sq ft office at Rs 1.93 crore: Rs 1,93,00,000 over 2,349 is Rs 8,216 per sq ft. The listing prints Rs 8,203, a little below its own numbers.
• The same 2,349 sq ft size at Rs 2 crore on a second listing: Rs 8,514 per sq ft, though the listing prints Rs 8,503. The gap is small, but it shows the rate on a portal is often typed in, not worked out.
• A 3,000 sq ft furnished office at Rs 2.54 crore: Rs 8,467 per sq ft.
• A 2,580 sq ft office at Rs 2.27 crore on one listing, Rs 8,798 per sq ft, and at Rs 2.58 crore on another, Rs 10,000 per sq ft. That is either the same unit at two prices or two units with a Rs 31 lakh gap between them.
• A 2,000 sq ft furnished office on the fifth floor at Rs 1.8 crore: Rs 9,000 per sq ft.
• An 8,500 sq ft office at Rs 8.5 crore: Rs 10,000 per sq ft, a round rate multiplied out.
• The smallest unit found, 1,367 sq ft from Rs 1.40 crore: about Rs 10,241 per sq ft, the top of the range, as small units usually are.
• A let unit of 3,746 sq ft at Rs 9,920 per sq ft: 3,746 times 9,920 is Rs 3,71,60,320, about Rs 3.72 crore.

One portal's own average for the park moved from Rs 8,750 to Rs 9,000 per sq ft during the April to June quarter of 2026, which sits in the middle of the asks above. On what can be tied to the building, the rate is about Rs 8,200 to Rs 10,250, with vacant furnished units at the bottom and small units and let units at the top.

The one-unit page that now folds into this one

This site carried a separate page for a pre-rented office in Iris Tech Park. It printed no area and no price, only an invitation to call. It now folds into this page. The only let unit with a published price is the 3,746 sq ft office above, so that is the unit the table uses.

A let office sells for more than a vacant one because the buyer gets the rent from day one. Here the premium is modest: Rs 9,920 against a portal average of about Rs 9,000, roughly 10 per cent. That premium only holds if the lease is as good as the listing says, so read it before paying for it.

The rent, and the yield it produces

Asking rents for furnished offices run at about Rs 55 to Rs 62 per sq ft a month:

• A 7,781 sq ft fully furnished office, with 45 workstations, eight cabins and two conference rooms, at Rs 55.
• A private office on a coworking page at Rs 60.
• An 812 sq ft furnished office at Rs 48,000 a month: Rs 48,000 over 812 is Rs 59 per sq ft.
• The let 3,746 sq ft unit, on a fresh furnished lease at Rs 62, with a nine-year term, a 42-month lock-in and a 15 per cent increase after three years.

Maintenance runs about Rs 18.50 to Rs 20 a month on top. In most Sohna Road office leases the tenant pays these maintenance charges, but the lease decides.

Now divide. The let unit's Rs 62 is Rs 744 a year per sq ft, which on Rs 9,920 is 7.5 per cent gross. In rupees: Rs 62 on 3,746 sq ft is Rs 2,32,252 a month, Rs 27,87,024 a year, against Rs 3.72 crore. Rs 60 on a Rs 9,000 office is 8 per cent, and Rs 55 on a Rs 10,000 office is 6.6 per cent. If the owner ends up paying Rs 20 of maintenance, the let unit's 7.5 per cent falls to (62 minus 20) times 12 over 9,920, about 5.1 per cent. The 15 per cent step after three years lifts the rent to about Rs 71.30 and the gross yield on today's price to about 8.6 per cent, if the tenant stays past the lock-in.

The building, and the figures that do not agree

The developer's own page describes three towers on about 5 acres on Sohna Road, with a low retail block where a McDonald's drive-through takes two floors. Leasing pages give each tower as ground plus ten floors over three basements. Two sets of numbers conflict:

• Size. Leasing pages give about 3.36 to 3.70 lakh sq ft built up; one broker page prints 3.36 million sq ft. Three ten-storey towers on 5 acres cannot hold 3.36 million sq ft, so the lakh figure is the one to use. The approved building plan and the occupation certificate settle it.
• Leased area. A trade report quoted the developer as having let about 2.75 lakh sq ft, more than 70 per cent of the park; a property blog's headline turned that into almost 3 million sq ft. The trade report, which quotes the developer, is the one that fits.

One leasing site also titles a let unit "Welldone Iris Tech Park". Galaxy Welldone Tech Park is a separate building in Sector 48, with its own sale page. A buyer should confirm the tower and unit number on the lease and the title deed, not on a listing headline.

Who works there

Tenants named on leasing pages include State Bank of India, AIG Business Solutions, Prometric Testing, Stago India, Mayekawa India, Hear.com, Data Bridge Market Research, Oodles Technologies and India Accelerator, with a coworking operator on at least one floor. That spread of small and mid-sized firms is typical of Sohna Road: plenty of demand for 1,000 to 8,000 sq ft, and few single tenants taking whole floors.

How it compares on Sohna Road

Nearby, Universal Trade Tower in Sector 49 asks about Rs 7,600 to Rs 12,000 with a developer in insolvency, Spaze iTech Park in Sector 49 about Rs 8,000 to Rs 13,000, and JMD Megapolis in Sector 48 about Rs 10,100 to Rs 12,000. Iris Tech Park sits in the lower middle of that set, with a developer still active and a park that is largely let. Leasing in the sector is on the Sector 48 office rent page, the road's offices are on the Sohna Road office page, and more let stock is on the pre-leased property page.

Who this suits, and who should look elsewhere

It suits an investor who wants a let office of 2,000 to 4,000 sq ft on Sohna Road for Rs 1.8 to Rs 3.7 crore at a gross yield near 7 to 8 per cent, and who reads the lease before paying for it. It suits an occupier who wants to own a furnished floor-part in a finished park instead of renting. It does not suit a buyer who needs a metro station, 7.5 km away; one who counts a yield without asking who pays maintenance; or one who wants a new building, since the park is 16 years old.

Before you pay anything

1. The title: a registered conveyance deed in the seller's name, the tower and unit number, and a charge search.
2. The area: super area and carpet area, and which one the price divides by.
3. The lease, if let: the tenant, the rent, the lock-in end date, the deposit and the escalation.
4. Maintenance: Rs 18.50 to Rs 20, and who pays it under the lease.
5. The arithmetic: rent times twelve over the all-in price, including stamp duty.

Frequently asked questions

What is the price of office space in Iris Tech Park?

About Rs 8,200 to Rs 10,250 per sq ft. A 2,349 sq ft office asks Rs 1.93 crore, Rs 8,216 per sq ft; a 3,000 sq ft office Rs 2.54 crore, Rs 8,467; a 2,000 sq ft office on the fifth floor Rs 1.8 crore, Rs 9,000; and an 8,500 sq ft office Rs 8.5 crore, Rs 10,000. The smallest unit found, 1,367 sq ft, starts at Rs 1.40 crore, about Rs 10,241. A let unit of 3,746 sq ft asks Rs 9,920, about Rs 3.72 crore.

What rent does an office in Iris Tech Park earn?

About Rs 55 to Rs 62 per sq ft a month for furnished space. A 7,781 sq ft furnished office asks Rs 55, a private office Rs 60, an 812 sq ft furnished office Rs 48,000 a month, which is Rs 59 per sq ft, and a fresh furnished lease on a unit for sale was signed at Rs 62. Maintenance of about Rs 18.50 to Rs 20 a month comes on top.

What is the rental yield on a pre-leased office in Iris Tech Park?

About 6.6 to 8 per cent gross on asking figures. The let 3,746 sq ft unit at Rs 9,920 per sq ft with rent of Rs 62 gives Rs 744 a year per sq ft, which is 7.5 per cent. Rs 60 on a Rs 9,000 office is 8 per cent, and Rs 55 on Rs 10,000 is 6.6 per cent. If the owner pays the Rs 20 maintenance, the 7.5 per cent falls to about 5.1.

Who is the developer of Iris Tech Park, and when was it built?

Trehan IRIS, the Trehan group's commercial arm, also listed as Trehan Builders. The park was completed in 2010. It is pre-RERA, so there is no registration number; a purchase rests on the conveyance deed, the occupation certificate and any lease in place.

How big is Iris Tech Park?

About 5 acres, with three towers of ground plus ten floors over three basements, and roughly 3.36 to 3.70 lakh sq ft built up. One broker page prints 3.36 million sq ft, ten times too high for three ten-storey towers; the lakh figure is the one that fits the buildings.

Which companies are in Iris Tech Park?

Tenants named on leasing pages include State Bank of India, AIG Business Solutions, Prometric Testing, Stago India, Mayekawa India, Hear.com, Data Bridge Market Research, Oodles Technologies and India Accelerator, and a McDonald's drive-through occupies two floors of a low block. The developer said in the trade press that more than 70 per cent of the park was let.

How far is Iris Tech Park from the metro?

The nearest metro station is Millennium City Centre, about 7.5 km away, long known as HUDA City Centre; the airport is about 20.5 km away. It is a road-served building on main Sohna Road, so staff without cars rely on cabs and buses.