Sahara Mall Office for Sale, MG Road Gurgaon

Sahara Mall is one of Gurgaon's oldest malls, opened in March 2001 on the Mehrauli-Gurgaon road in Sector 28, next to DLF Phase 1. It covers about 3.89 acres and about 2.6 lakh sq ft, with a PVR cinema on the top floor; the Big Bazaar that anchored it for years has closed. The offices on its upper floors are small units owned by individual buyers, and a few come up for sale.

Offices ask about Rs 9,700 to Rs 16,000 per sq ft. The row this page replaces printed a band of about Rs 16,000 to Rs 22,000, which starts where the market tops out: no ask above Rs 16,000 was found. This page shows each ask divided out, the rent and yield, and the Sahara group's court case a buyer needs to read.

What sellers ask, divided by the area

• A furnished 1,800 sq ft office on the second floor at Rs 1.75 crore: Rs 1,75,00,000 over 1,800 is Rs 9,722 per sq ft.
• A broker quote of Rs 16,000 per sq ft for offices from 1,100 sq ft: 1,100 times Rs 16,000 is Rs 1.76 crore.
• One portal's average of about Rs 15,000 per sq ft for the mall, a figure without a unit behind it.

The first two cannot both describe the same market. Almost the same money, Rs 1.75 to Rs 1.76 crore, buys 1,800 sq ft on one listing and 1,100 sq ft on the other. The cheaper figure is a specific unit with a floor and a fit-out; the dearer one is a broker's per sq ft line. Neither is a registered sale, and no sale deed for the mall was found to settle it. On what can be tied to the building, an office here asks about Rs 9,700 to Rs 16,000 per sq ft, and a buyer should start from the lower figure.

The rent, and the rental yield

Offices let at about Rs 80 per sq ft a month, rising to Rs 110 furnished: 1,100 sq ft at Rs 90,000 a month (Rs 82), 1,800 sq ft on the first floor at Rs 80, and a furnished 1,100 sq ft office at Rs 110. A 1,180 sq ft retail unit asks Rs 70. One listing states maintenance of about Rs 30 on top.

The arithmetic: Rs 80 times 12 is Rs 960 a year; over Rs 9,722 that is 9.9 per cent. Rs 110 times 12 is Rs 1,320; over Rs 9,722, 13.6 per cent. The furnished yield assumes the furniture is already paid for and lasts, which it does not forever. The tenant usually pays the maintenance, but in an empty month the owner pays Rs 30 on a rent of nothing. No let unit with a price and a named tenant was found, so these are sums on asking figures, not returns anyone has banked.

The Sahara group's court case

Sahara Mall was built by the Sahara India Pariwar group. The group has spent more than a decade in the Supreme Court over refunds to investors in its bonds, and in September 2025 it asked the court to approve the sale of more than 88 properties to Adani Properties, with the money going to the refund account run under the market regulator. Reports list headline assets, such as Aamby Valley and a Mumbai hotel, and say the package spans several states including Haryana, but they do not list every property. Whether Sahara Mall, its common areas or any unsold units are in it could not be established.

For a buyer of one office this matters in two ways. First, the title chain: a unit sold by the group to a first buyer and then resold should show a clean registered deed at each step, and a charge search should show no attachment. Second, the building's management: if the group's remaining interest in the mall changes hands, the maintenance agency and its charges may change too. Ask the seller and the mall's management office both questions in writing.

The building and the metro

The mall opened in 2001, so lifts, air conditioning and washrooms are of that age unless an owner has refitted. Offices are shop-sized units of about 1,100 to 1,800 sq ft on the upper levels, not floor plates. Sikanderpur station, on the Yellow Line and the Rapid Metro, is about 0.42 km away by one route guide, and MG Road station about 500 m by another. For resale and letting, that metro access is the mall's strongest point. Registration under RERA does not apply to a building finished in 2001.

How it compares on MG Road

Sahara Mall is the cheapest mall office on the road to buy and to rent. At the lower ask its price-to-rent ratio beats the newer buildings; at Rs 16,000 it is about level with Delta Square, which lets for half as much again. More on the road is on the MG Road office page and the MG Road real estate guide; let stock across the city is on the pre-leased property page, and stations on the page on offices near a metro station.

Who this suits, and who should look elsewhere

It suits a buyer with about Rs 1.75 crore who wants a small office a short walk from Sikanderpur, either to use or to let to a small firm, and who will buy near Rs 10,000 rather than Rs 16,000. It does not suit a buyer who wants a large office in one piece, one who wants a building without an owner-group court case in its history, or one who pays above Rs 16,000 on the strength of an old band.

Before you pay anything

1. The title: a registered deed in the seller's name for the unit number, the chain back to the first sale by the group, and a charge search.
2. The Adani sale: a written answer from the mall's management on whether any part of the mall is in the package.
3. Maintenance: the latest bills; one listing says about Rs 30.
4. Area: super and carpet, both in writing; prices here are on super area.
5. The lease, if let: tenant, rent, lock-in and deposit.
6. The arithmetic: rent times twelve over price, at the price you will actually pay.
7. Stamp duty: 7 per cent for a man, 5 per cent for a woman and 6 per cent jointly in Gurugram, plus registration.

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

Frequently asked questions

What is the price of office space in Sahara Mall, Gurgaon?

About Rs 9,700 to Rs 16,000 per sq ft. A furnished 1,800 sq ft office on the second floor asks Rs 1.75 crore, which is Rs 9,722 per sq ft. A broker quotes offices from 1,100 sq ft at Rs 16,000, about Rs 1.76 crore, and one portal puts the mall's average near Rs 15,000.

Why do the two Sahara Mall asks differ so much?

Rs 1.75 crore buys 1,800 sq ft on one listing and about 1,100 sq ft on the other, so one of them is out of line. The cheaper figure is a specific furnished unit; the dearer one is a broker's per sq ft quote without a unit number. A registered sale deed would settle it, and none was found, so the page prints both.

What rent does an office in Sahara Mall earn?

About Rs 80 per sq ft a month for an unfurnished or lightly furnished office and up to Rs 110 furnished, with maintenance of about Rs 30 on top on the one listing that states it. A retail unit of 1,180 sq ft asks Rs 70.

What is the rental yield on a Sahara Mall office?

At Rs 80 a month an office earns Rs 960 a year per sq ft: 9.9 per cent gross on Rs 9,722 and 6.0 per cent on Rs 16,000. If the owner pays the Rs 30 maintenance while the unit is empty, that falls fast. No let unit with a named tenant and a price was found to confirm a real yield.

Is Sahara Mall part of the Sahara-Adani property sale?

It could not be established. In September 2025 the Sahara group asked the Supreme Court to approve selling more than 88 properties to Adani Properties to fund refunds to investors. Published reports name the headline assets but not every property. Office units here are owned by individual buyers, but a buyer should confirm the seller's title and whether the mall's common areas or unsold units are caught by the sale.

When was Sahara Mall built, and how big is it?

It opened in March 2001 on about 3.89 acres, with about 2.6 lakh sq ft, on the Mehrauli-Gurgaon road in Sector 28 next to DLF Phase 1. PVR is on the top floor; the Big Bazaar store that anchored it has closed.

Which metro station is nearest to Sahara Mall?

Sikanderpur, on the Yellow Line and the Rapid Metro, about 0.42 km away by one route guide; another puts MG Road station about 500 m away.