Ocus Technopolis Office for Sale, Sector 54 Gurgaon

Ocus Technopolis is a finished office building on Golf Course Road in Sector 54, Gurugram, opposite HDFC Bank near Suncity and about half a kilometre from the Sector 53-54 Rapid Metro station. Ocus Group built it in 2006: seven floors over two basements, about 1,26,000 sq ft, with floors of about 18,000 sq ft. It is let to finance firms, banks and design consultancies. The row this page replaces printed about Rs 20,000 to Rs 26,000 per sq ft, and no listing found supports the top of that band.

Priced asks run about Rs 16,500 to Rs 18,000 per sq ft, and offices let at Rs 70 to Rs 110 a month. Divided, that is a gross yield of about 5.8 to 6.5 per cent, near a metro station on Golf Course Road.

What sellers ask, divided by the area

• A 783 sq ft furnished office let to a finance advisory firm at Rs 80, a five-year lease from June 2023 with a two-year lock-in, at Rs 1.30 crore: Rs 1,30,00,000 over 783 is Rs 16,603 per sq ft. The listing prints Rs 16,696, which would come to Rs 1.307 crore; its own price and area give Rs 16,603.
• A vacant office in the building quoted at Rs 18,000 per sq ft.
• Pre-rented units quoted by a broker at Rs 16,500 to Rs 18,000 per sq ft.
• A portal range of Rs 3.25 to Rs 13.5 crore, with no sizes, so it cannot be divided.

So the building trades at about Rs 16,500 to Rs 18,000. Two leases on the market print a return of 6.5 per cent without a price; at 6.5 per cent their rents would support about Rs 18,300 and Rs 19,400 per sq ft, which is where a good lease could take a unit.

The one-unit page that now folds into this one

This site carried a separate page for a 3,103 sq ft pre-leased office in Ocus Technopolis, printing a call-for-price label and a new-launch status. A broker lists the same unit: let to a multinational that takes 6,383 sq ft in all, at Rs 105 a month, Rs 3,25,815, furnished, on a fresh nine-year lease with a three-year lock-in and a 15 per cent step-up after three years, with a stated return of 6.5 per cent and no price.

Rs 3,25,815 a month is Rs 39.1 lakh a year. At the 6.5 per cent the listing states, that supports about Rs 6.02 crore. At the building's top ask of Rs 18,000, the unit would be Rs 5.59 crore and yield 7.0 per cent. Either figure is defensible; the lease decides which a seller can hold to.

The rent, and the yield it produces

Offices let at about Rs 70 bare to Rs 110 furnished per sq ft a month, with Rs 80, Rs 90, Rs 99 and Rs 105 in between on listings and leases. No maintenance rate is published; ask for it and for who pays it.

Divide. The 783 sq ft unit at Rs 80 earns Rs 7.52 lakh a year: 5.8 per cent on Rs 1.30 crore, which its listing rounds to 5.75. An office bought at Rs 18,000 and let at Rs 105 would earn 7.0 per cent; at Rs 16,500 and Rs 99, 7.2 per cent. So the yield is about 5.8 to 7 per cent gross, depending on how well the unit is let.

How it compares

On Golf Course Road and nearby, Emaar Capital Tower on MG Road asks Rs 26,000 to Rs 30,500 at Rs 140 to Rs 170, and DLF Corporate Park Rs 18,400 to Rs 22,600. Further south, Emaar Palm Square in Sector 66 prices offices at about Rs 12,100 to Rs 13,000. Ocus at Rs 16,500 to Rs 18,000 is fair for a 2006 building half a kilometre from a Rapid Metro station. The road's offices are on the Golf Course Road office page.

Registration and title

The building was finished in 2006, eleven years before Haryana began registering projects, so no RERA number applies. A registration certificate from 2024 gives an address in Ocus Technopolis; it belongs to another Ocus project whose office is in the building, not to this one. A purchase rests on the registered conveyance deed, the occupation certificate and the lease in place.

Who this suits, and who should look elsewhere

A let unit suits an investor who wants a company tenant on Golf Course Road beside a Rapid Metro station at about 6 to 7 per cent, from about Rs 1.3 crore. A vacant unit suits a small firm that wants to own an office there. It does not suit a buyer expecting a new tower's finish, or one who has seen the old Rs 26,000 figure and thinks it describes the building.

Before you pay anything

1. The floor and unit, and the super area.
2. The lease: tenant, rent, start date, lock-in, deposit and step-ups.
3. The arithmetic: price over area, and rent times twelve over price.
4. Maintenance: the rate, who pays it, and a no-dues letter.
5. The title: the conveyance deed, the occupation certificate and a charge search.

Frequently asked questions

What is the price of office space in Ocus Technopolis?

About Rs 16,500 to Rs 18,000 per sq ft. A 783 sq ft let office asks Rs 1.30 crore, Rs 16,603 per sq ft, and a vacant office is quoted at Rs 18,000; brokers put pre-rented units at Rs 16,500 to Rs 18,000. The old band of up to Rs 26,000 is not supported by any listing found.

What rent does an office in Ocus Technopolis earn?

About Rs 70 to Rs 110 per sq ft a month, from bare shell to fully furnished; leases on the market pay Rs 80, Rs 99 and Rs 105. No maintenance rate is published.

What is the rental yield on a pre-leased office in Ocus Technopolis?

About 5.8 per cent on the priced lease: Rs 80 on 783 sq ft is Rs 7.52 lakh a year on Rs 1.30 crore. Two other leases print 6.5 per cent without a price; at 6.5 per cent their rents of Rs 99 and Rs 105 would support about Rs 18,300 and Rs 19,400 per sq ft.

Is Ocus Technopolis near a metro station?

Yes. It is on Golf Course Road in Sector 54, opposite HDFC Bank near Suncity, about half a kilometre from the Sector 53-54 Rapid Metro station. Some listings call the address DLF Phase 5; it is one building.

When was Ocus Technopolis built, and how big is it?

In 2006, on the developer's own page: seven floors above two basements, about 1,26,000 sq ft built up, with floors of about 18,000 sq ft. It is sold unit by unit and was finished long before Haryana's registration rules, so no RERA number applies.

Which companies are in Ocus Technopolis?

Listings name Orbis Financial, RBL Bank, Yes Bank, HKS India and a flexible-workspace operator on the second floor of Tower A, among others. A registration certificate from 2024 carries an address in this building, but it belongs to another Ocus project that keeps its office here.

Who built Ocus Technopolis?

Ocus Skyscrapers Realty, the Ocus Group company, which publishes the building on its own site. Sources disagree about when the group began, so a buyer should rely on the title chain rather than the brand.