Paras Trade Centre Office for Sale, Gwal Pahari Gurgaon

Paras Trade Centre is an eight-storey office building on the Gurgaon Faridabad Road at Gwal Pahari, by Paras Buildtech, with possession given in late 2013 on one portal. It has two basements, a ground floor and seven upper floors, about 1,93,231 sq ft built up, floors of about 25,000 sq ft, and strata units of about 200 to 3,000 sq ft.

The row this page replaces printed a band of about Rs 8,000 to Rs 11,000 per sq ft. The one priced ask found on 29 September 2026 is a 569 sq ft office at Rs 65 lakh, or Rs 11,424 per sq ft, with the same-sized unit shown elsewhere at Rs 66.55 lakh. So the market sits at or a little above the old ceiling, and the old floor is about 30 per cent under it. One small unit is thin evidence, and the page says so.

What sellers ask

The arithmetic: Rs 65,00,000 divided by 569 is Rs 11,424 per sq ft. The second page gives only the price and the rate; Rs 66,55,000 divided by Rs 11,675 is 570 sq ft. A 569 sq ft office, a 570 sq ft shop and a 570 sq ft furnished office in the same building are almost certainly one unit relisted, with the price moved by Rs 1.55 lakh and the use changed on one page. Before paying for a shop, check the deed: an office-use unit relabelled as retail on a listing is still an office, and a shop on an upper floor of an office building rarely lets as a shop.

What the price earns

No rent is published for the building: every lease listing found marks it price on request. The benchmark is the Sohna Road range for buildings of a similar age, about Rs 50 to Rs 65 per sq ft a month, from this site's refreshed pages for ILD Trade Centre and JMD Megapolis.

• At Rs 50: 569 times Rs 50 is Rs 28,450 a month, Rs 3,41,400 a year. On Rs 65 lakh that is 5.25 per cent gross.
• At Rs 65: 569 times Rs 65 is Rs 36,985 a month, Rs 4,43,820 a year. On Rs 65 lakh that is 6.8 per cent.
• To earn 7 per cent, the unit must let for Rs 4.55 lakh a year: Rs 37,917 a month, or Rs 66.6 per sq ft, just above the top of the corridor range.

Turn it round. If the unit lets at Rs 55, a mid-point, a 7 per cent buyer would pay Rs 55 times 12 divided by 7 per cent, or Rs 9,429 per sq ft, Rs 53.6 lakh for 569 sq ft. At Rs 65 and 7 per cent it is Rs 11,143, Rs 63.4 lakh. So the Rs 65 lakh ask only works for an investor if the unit is let, or can be let, at the very top of the range. The yield is before maintenance on a vacant unit, property tax, and the months it takes to find a tenant in a building where a leasing site shows up to 63,840 sq ft on offer.

What a purchase costs

Stamp duty in Haryana's urban areas is about 7 per cent for a man and 5 per cent for a woman, plus a registration fee, and 1 per cent TDS applies to a purchase above Rs 50 lakh. The larger rows are the same rates multiplied out, not asks: no unit above 570 sq ft was found with a price.

The building

Two basements, ground and seven floors, about 1,93,231 sq ft built up and floors of about 25,000 sq ft. Eight floors of 25,000 sq ft is 2,00,000 sq ft, about 3.5 per cent over the built-up figure, so the numbers agree. Parking is one car per 1,000 sq ft in the basements, on the lease listings. The building has power backup and round-the-clock security on the listings. The address is printed three ways: Gwal Pahari on the Gurgaon Faridabad Road, Sector 2 Gwalpahari, and Sector 65 on one portal. The Sector 65 filing is a portal's; the deed will carry the revenue estate.

Location

There is no metro station near the building: a listing puts Sikanderpur, on the Yellow Line, within about 10 km. Tenants' staff come by car along the Faridabad road through the Aravalli ridge. That is the main reason the building's rents, and so its prices, sit at about half of Golf Course Road's. Gwal Pahari is growing as a housing area, with Paras Manor by the same developer under construction nearby, which may add local demand for small offices over time; it has not shown up in any published rent yet.

How it compares

• JMD Megapolis on Sohna Road: let offices at Rs 10,134 to Rs 11,143 per sq ft at about 7 per cent, vacant ones up to Rs 15,000. It has a published rent; Paras Trade Centre does not.
• Universal Trade Tower in Sector 49: Rs 7,600 to Rs 12,000, with its developer through insolvency.
• Raheja Mall on Sohna Road: a 740 sq ft office at Rs 14,865, with no published rent.

At Rs 11,424, Paras Trade Centre is priced like a Sohna Road office with a tenant, but it has no metro, no published rent and no let unit on offer. A buyer can find let units at similar rates on Sohna Road with the lease in hand. Other small commercial buys are gathered on the commercial property under Rs 50 lakh page, and newer stock on the commercial property for sale page.

The case against

One priced unit, probably listed twice, is all the evidence there is. No rent is published, so the yield is a guess against another corridor's numbers. A leasing site shows up to 63,840 sq ft on offer, about a third of the building, which means a new owner competes with a lot of vacant space for tenants. The location has no metro. And a unit sold as a shop on one page and an office on another needs its permitted use checked before anyone pays.

Before you buy

1. The use in the deed: office or retail, and whether the unit on offer is the same one on two pages.
2. A tenant or a letting plan: at Rs 65 lakh for 569 sq ft, the unit needs about Rs 66.6 a month to earn 7 per cent.
3. Maintenance and property tax: the rates, and what an owner pays while the unit is empty.
4. Title and occupation certificate: the conveyance from Paras Buildtech and every transfer since.
5. Area: carpet and super area in writing, and a measurement.
6. Parking: whether a basement slot is attached to the unit.

Looking to lease rather than buy? The Paras Trade Centre rent page covers asking rents, maintenance, deposits and lock-ins in the building.

Frequently asked questions

What is the price of an office in Paras Trade Centre?

The one priced ask found is a 569 sq ft office at Rs 65 lakh, which is Rs 11,424 per sq ft. Another page shows a unit of about the same size at Rs 66.55 lakh, an average of Rs 11,675 per sq ft, which divides to 570 sq ft and is very likely the same office listed twice. So the market evidence is about Rs 11,400 to Rs 11,700 per sq ft on one small unit.

Is the old price band for Paras Trade Centre right?

It was a little low. The old band of about Rs 8,000 to Rs 11,000 per sq ft sits under both asks found, which are Rs 11,424 and Rs 11,675. On a 569 sq ft office, Rs 11,000 is Rs 62.6 lakh against an ask of Rs 65 lakh; Rs 8,000 would be Rs 45.5 lakh.

What rental yield does an office in Paras Trade Centre give?

No rent is published for the building. At the Sohna Road range of Rs 50 to Rs 65 a month, a 569 sq ft office earns Rs 3.41 to Rs 4.44 lakh a year, which on Rs 65 lakh is 5.25 to 6.8 per cent gross. It needs a rent of about Rs 66.6 to reach 7 per cent.

Is Paras Trade Centre a retail or an office building?

An office building with some retail. One page labels the Rs 66.55 lakh unit a retail shop, another sells a fully furnished office of about 570 sq ft, and a shop is offered for rent. Ask which it is, since the use written in the deed decides who can rent it.

How big is Paras Trade Centre?

Two basements, a ground floor and seven upper floors, about 1,93,231 sq ft built up, with floors of about 25,000 sq ft. Strata units run from about 200 to 3,000 sq ft.

Is Paras Trade Centre RERA registered?

No registration was found. One portal gives possession in the fourth quarter of 2013, before Haryana began registering projects in 2017. A resale rests on the conveyance deed and the occupation certificate; ask for both.

Where is Paras Trade Centre?

On the Gurgaon Faridabad Road at Gwal Pahari; one page says Sector 2, Gwalpahari, and one portal files it under Sector 65. There is no metro nearby; Sikanderpur on the Yellow Line is within about 10 km.