Millennium Plaza Office for Sale, Sector 27 Gurgaon

Two dated asking prices exist for office space in Millennium Plaza, and between them they tell a story the listings do not. In one, 1,300 sq ft is offered at Rs 1.83 crore, which is Rs 14,077 per sq ft. In the other, listed on 14 February 2026, 1,378 sq ft is offered at Rs 2.50 crore — Rs 18,142 per sq ft.

That is a rise of about 29 per cent in the asking rate. The first listing carries no date we can verify, so we will not put a number of years on it; what we can say is that the rent has not moved between them. the letting side of this building is still quoted at Rs 90 per sq ft a month in Tower A and Rs 100 in Tower B. This site holds both halves of the transaction, so it can do the division nobody publishes.

The yield, worked from both sides

Rs 100 a month is Rs 1,200 a square foot a year. Divide that by each of the two asking prices:

The price went up by 29 per cent and the rent stayed where it was, so the yield fell by about a fifth. That is the whole finding, and it is arithmetic rather than opinion: a buyer at today's ask is being charged for a rent rise that has not happened yet.

And the maintenance, which changes the answer again

Millennium Plaza charges maintenance of about Rs 18 per sq ft a month — Rs 216 a year. In a strata-titled office building the question of who pays it is settled in the lease, not by custom, and small units are often let with the landlord carrying it.

If you are the landlord paying maintenance, Rs 1,200 becomes Rs 984, and 6.6 per cent becomes 5.4 per cent. On Tower A's Rs 90, it becomes 4.8 per cent. That is below what a fixed deposit pays, before a single month of vacancy, before brokerage, before the repairs that a twenty-year-old air-conditioning plant eventually asks for.

So the single most valuable sentence in a purchase agreement here is the one that says who pays maintenance during a letting. It is worth more than a one per cent discount on the price.

Rs 16,000 is not this building's number

A caution, because we ran into it ourselves. Search for a sale rate in Millennium Plaza and a figure of Rs 16,000 per sq ft comes back looking like the building's own. It is not. It is the top of a Rs 9,000 to Rs 16,000 range that the same agency publishes for Golf Course Extension Road, a different corridor several kilometres away, and it has been attached to this building by the machinery in between.

The two numbers that are genuinely this building's are the ones at the top of this page, and both come with a unit size attached. Treat any rate quoted without a size and a date as a rate for somewhere else.

What 9,300 square feet means for a buyer

Tower B is fourteen floors of about 9,300 sq ft, roughly 1,30,200 sq ft in total, on a three-acre site. Units come to market between about 1,130 and 7,500 sq ft.

For a tenant that is a limit: you cannot take 15,000 contiguous square feet here at any rent. For a buyer it is something slightly different, and slightly worse. Small floor plates mean the building is owned by many small owners rather than one institution, and that has three consequences a first-time commercial buyer rarely prices in.

Your resale market is other small buyers. A fund buying income wants a whole floor with one tenant on a long lease. A 1,378 sq ft suite cannot offer that, so the exit is to another individual, and individuals disappear from the market in exactly the years you would want to sell.

You do not control the building. Lift replacement, facade repair, the diesel bill and the quality of the security staff are decided by an owners' association, and your vote is proportional to a small area. When the association underspends, your tenant leaves and your rent is the one that adjusts.

The maintenance rate is not yours to set. Rs 18 per sq ft is the figure this building has arrived at. Against the four-figure ladder this research has built — about Rs 14.60 in Jasola, Rs 18 on MG Road, Rs 19 on Golf Course Road, Rs 26 at Gold Souk — it sits mid-table, and the direction of travel in an ageing building is upward.

A pre-leased suite here is not a pre-leased floor

Most buyers arriving at this price come looking for a pre-leased office, and the phrase does a lot of hidden work. A pre-leased floor of 9,300 sq ft on one lease to one company is an income asset a fund will bid for. A pre-leased suite of 1,378 sq ft is a tenancy, and when that tenant leaves you are re-letting a small office in competition with every other small owner in the same lobby.

So ask for the lease, not the label: the tenant's name, the rent per sq ft, the escalation, the lock-in, the unexpired term and the security deposit. On the nine-year leases this research has read elsewhere in Gurugram, the unexpired term has been worth about eleven per cent of value on its own. A pre-leased unit with eight months left is priced as a vacant one.

On registration: Millennium Plaza was completed well before the Haryana Real Estate Regulatory Authority began registering projects, so there is no RERA number to ask for here, and a seller offering one is describing something else. What governs a resale suite instead is its chain of title, the conveyance or sub-lease under which it is held, and the owners' association's rules and no-dues position.

Two addresses, one building, and why it matters at the registry

CBRE and JLL both list this building as Millennium Plaza, Sushant Lok Phase I, Sector 43, Gurugram 122022. The sale listings, and this site's own row, call it Sector 27. Both are in use, because Sushant Lok Phase I straddles the sector boundary.

For a tenant that is trivia. For a buyer it is not. A title search runs on the description in the deed, and a rate comparison run on the wrong sector will pull in the wrong buildings — Sector 43 and Sector 27 do not trade at the same number. Before you pay an earnest-money deposit, read the sector, khasra and building description on the seller's own chain of title, and use that description for every comparison afterwards.

Where the rate sits against what this batch has measured

Rs 18,142 per sq ft buys a small suite in a 2000s-era building two metro stops from MG Road. For scale: the cheapest commercial floor area this research has found anywhere in Gurugram is about Rs 3,077 per sq ft built-up in the Pace City industrial estate, and that comes with a land-use question attached. An off-highway building at Sector 15 lets at Rs 70 against this building's Rs 100.

The premium is the metro, and the metro is real. Whether it is worth six per cent instead of eight is the buyer's decision, made with the numbers on the table rather than without them.

What to settle before you pay a deposit

• Which tower, and which floor. Tower B rents 11 per cent above Tower A. Any price comparison that does not name the tower is not a comparison.
• Who pays maintenance under the existing or intended lease. This is worth 120 basis points of yield.
• Whether the unit is currently let, to whom, and for how long. A vacant suite and a let suite are different assets at the same price.
• The sector in the chain of title, and whether the dues to the owners' association are clear.
• The unit size basis. Both readings on this page are quoted on a stated area; establish whether it is carpet, built-up or super area before dividing anything by it.

Frequently asked questions

What does office space cost to buy in Millennium Plaza, Sector 27 Gurgaon?

Two dated asks exist: 1,300 sq ft at Rs 1.83 crore, which is Rs 14,077 per sq ft, and 1,378 sq ft at Rs 2.50 crore listed on 14 February 2026, which is Rs 18,142 per sq ft. Both are asking prices rather than registered transactions, so treat them as the top of the range a seller will open at.

What rental yield does that produce?

At the Rs 18,142 ask, Tower B's Rs 100 per sq ft a month is a gross yield of 6.6 per cent and Tower A's Rs 90 is 5.9 per cent. At the older Rs 14,077 ask the same rents were 8.5 and 7.7 per cent. The price rose about 29 per cent while the rent did not move, which is why the yield fell by roughly a fifth.

Does maintenance come out of that yield?

It does if the landlord pays it, and in small strata units that is common. Maintenance of about Rs 18 per sq ft a month is Rs 216 a year, so a 6.6 per cent gross yield becomes about 5.4 per cent net, and Tower A's 5.9 becomes about 4.8. Settling who pays it is worth more than a one per cent discount on the price.

Is Millennium Plaza in Sector 27 or Sector 43?

Both descriptions are in use because Sushant Lok Phase I straddles the boundary: CBRE and JLL address the building as Sushant Lok Phase I, Sector 43, Gurugram 122022, while the sale listings say Sector 27. It does not matter to a tenant, but a buyer should use whatever the chain of title says, both for the title search and for any rate comparison.

How large are the units, and can I buy a whole floor?

Units come to market between about 1,130 and 7,500 sq ft, against a Tower B floor plate of roughly 9,300 sq ft over fourteen floors and about 1,30,200 sq ft in the tower. A whole floor would have to be assembled from several owners, which is rarely possible at one price and one time.

Why is Rs 16,000 per sq ft quoted for this building online?

Because it is not this building's figure. Rs 9,000 to Rs 16,000 is a range one agency publishes for Golf Course Extension Road, and it has been matched to Millennium Plaza by a search index rather than by anyone who visited. The two rates on this page each have a unit size and a date attached, which is the minimum test any commercial rate should pass.