Spaze iTech Park Office Space for Sale, Sector 49 Gurgaon

Spaze iTech Park is the largest office address on Sohna Road: two towers on about 10 acres in Sector 49, finished in 2011 by Spaze Towers, the Spaze Group company, and sold floor by floor to hundreds of small owners. That strata ownership is the fact that shapes every price here. There is no developer inventory and no single landlord, so what a buyer meets is a crowd of resale asks for small offices, a few let blocks, and a rent that has sat near Rs 50 to Rs 60 a foot for years.

The row this page replaces printed a rate of Rs 8,000 to 11,000 per sq ft with nothing behind it, and one of the stub pages folding in printed Rs 2.69 crore to Rs 3.37 crore for a single office. The rate was close; the stub was not. Read on 26 September 2026, the dated asks divide to Rs 8,000 to Rs 13,000 per sq ft, with most of them between Rs 8,500 and Rs 10,800, and the building lets at Rs 50 to Rs 63 per sq ft a month. At that rent a bare office is worth about Rs 8,600 to Rs 9,400 a foot on a 7 per cent yield, which is where the honest asks sit.

The asks, divided

The yield column takes Rs 55 a month, the middle of the building's rent, which is Rs 660 a foot a year, and divides it by the rate. The 9,000 sq ft block is the one ask where the lease is published: Rs 5.67 lakh a month on 9,000 sq ft is Rs 63 a foot, Rs 68 lakh a year, and on Rs 9.72 crore that is 7.0 per cent, exactly what the listing claims. It checks out because the rent is above the building's average and the office is furnished, which the tenant pays for.

The 500 sq ft office at Rs 13,000 is the other end. Small offices always ask more per foot, since more buyers can afford them, but a 500 sq ft room still lets for about Rs 55, and at Rs 13,000 that is a 5 per cent return. Buyers of the smallest units are paying for the low entry ticket, not for the income.

What the portal average hides

One portal puts the building at Rs 11,300 per sq ft for the second quarter of 2026, up from Rs 10,700. That average is higher than five of the six dated asks above. It is pulled up by the small and furnished units, which dominate the listings, and it is the number a seller will quote. It should not be the number a buyer pays for a bare office: at Rs 11,300 a 7 per cent return needs a rent of Rs 66 a month, and the building's open-market rent is Rs 50 to Rs 60.

So a fair price depends on what is being bought. A bare office with no tenant is worth Rs 8,600 at a Rs 50 rent and Rs 9,400 at Rs 55, both on 7 per cent. A furnished office with a tenant paying Rs 60 or more can fairly ask Rs 10,000 to Rs 10,800. Above that, the buyer is paying for a small ticket or for hope.

The rent

Asking rents on the listings run Rs 50, Rs 55 and Rs 60 per sq ft a month, and let units carry Rs 50 on a 2,000 sq ft furnished office, about Rs 55.60 on a 1,923 sq ft office let for Rs 1.07 lakh on a fresh nine-year lease, and Rs 63 on the furnished 9,000 sq ft block. That agrees with this site's Sector 49 rent page, which puts the sector at Rs 40 to Rs 70, and with ILD Trade Centre down the road at about Rs 50. Maintenance is extra and no listing publishes it; ask for the current rate and who carries it under the lease.

How it compares on Sohna Road

Welldone Tech Park in Sector 48, another strata IT building of about the same age, resells at Rs 7,100 to Rs 8,800. Omaxe Gurgaon Mall in the same sector asks Rs 10,700 to Rs 12,200 for its office floors. Spaze iTech Park sits between them: better tenants and larger floors than Welldone, a plainer product than a mall's upper floors. Its dated asks of Rs 8,000 to Rs 9,800 for plain offices put it at the Welldone end, which is the right end for a building of this age letting at Rs 55.

The old pages that fold into this one

Six one-unit pages for this building now fold into this page. All of them name Spaze I-Tech Park in Sector 49, so all of them are this building. Five printed no price, only a request to call. One, a pre-rented office with no size, printed Rs 2.69 crore to Rs 3.37 crore marked as an estimate, and the arithmetic explains it: 1,923 sq ft at Rs 14,000 a foot is Rs 2.69 crore, and that multiplied by 1.25 is Rs 3.37 crore. It was a formula run on the 1,923 sq ft office. That office lets for Rs 1.07 lakh a month, Rs 12.84 lakh a year, so at Rs 2.69 crore it would have returned 4.8 per cent and at Rs 3.37 crore 3.8 per cent. On a 7 per cent yield it is worth about Rs 1.83 crore.

The 961 sq ft office is almost exactly half of the 1,923 sq ft one, which is how these floors were sold: modules that owners combine or split. The valuation range is the fair band from the arithmetic above, not an ask; a furnished office on a good lease can sit at the top of it or a little over.

The building

Tower A has 13 storeys of about 45,000 sq ft, some 5,85,000 sq ft built up; Tower B has 12 storeys of about 85,000 sq ft, some 10,20,000 sq ft. The two add up to about 1.6 million sq ft, against a figure of "more than 1.4 million" that the listings repeat. Both towers are recorded as complete in 2011. The developer's page describes offices, a business lounge, restaurants and retail on the ground levels; the listings add a food court, a gym and a hypermarket. Tower A's tenants in circulation include Fiserv India, JK Cement, Compass Group India, Forbo Flooring and Edureka.

Registration and paperwork

No listing prints a registration number. One calls the project RERA-approved without naming one, which is not the same thing. A building completed in 2011 predates the Haryana authority's registrations, which began in 2017, so the documents that close a sale here are the occupation certificate for the tower, the seller's conveyance deed, the lease and the maintenance agreement. Stamp duty in Haryana is 7 per cent for a man, 5 per cent for a woman and 6 per cent jointly, plus the registration fee; there is no GST on a completed resale, and TDS at 1 per cent applies above Rs 50 lakh.

Who this suits

An investor who wants a small let office on Sohna Road for under Rs 1 crore and will buy only where the rent in the lease, divided by the price, comes to 7 per cent or more. A small company that wants to own 800 to 2,000 sq ft rather than rent it. Not anyone paying the portal average for a bare office, and not a buyer of the smallest rooms who expects them to earn like the bigger ones. For let offices in newer buildings, see this site's pre-leased page.

Before you pay anything

1. The rent in the lease, per sq ft a month. Rs 50 to Rs 60 is the market; divide the annual rent by the price and walk away below 6.5 per cent.
2. Tower and floor. Tower A's 45,000 sq ft floors and Tower B's 85,000 sq ft floors let differently.
3. Maintenance rate and who pays it, which no listing publishes.
4. The occupation certificate and the conveyance deed, since there is no registration number to check.
5. Furniture. A furnished office asks more; confirm whether the tenant or the owner owns the fit-out.

Frequently asked questions

What is the price of office space for sale in Spaze iTech Park?

The dated asks read on 26 September 2026 divide to Rs 8,000 to Rs 13,000 per sq ft. A 1,000 sq ft office asks Rs 80 lakh, an 834 sq ft office Rs 82 lakh, a furnished 851 sq ft office Rs 79 lakh, a let 9,000 sq ft block Rs 9.72 crore and a 500 sq ft room Rs 65 lakh. Most plain offices sit between Rs 8,500 and Rs 9,800 a foot.

What is the office rent in Spaze iTech Park Sector 49?

Rs 50 to Rs 60 per sq ft a month on the asking listings, and Rs 50 to Rs 63 on let units. A 1,923 sq ft office is let for Rs 1.07 lakh a month on a fresh nine-year lease, about Rs 55.60 a foot, and a furnished 9,000 sq ft block for Rs 5.67 lakh, which is Rs 63. Maintenance is charged on top and is not published.

What yield does a pre-leased office in Spaze iTech Park return?

At a Rs 55 rent, Rs 660 a foot a year, an office bought at Rs 8,000 returns 8.3 per cent, at Rs 9,830 about 6.7, and at Rs 13,000 only 5.1. The furnished 9,000 sq ft block let at Rs 63 returns exactly the 7 per cent its listing claims on Rs 9.72 crore. Divide the rent written into the lease by the price before accepting any quoted return.

Is Rs 11,300 per sq ft the right price for Spaze iTech Park?

Not for a bare office. That is one portal's average for the second quarter of 2026, pulled up by small and furnished units. At Rs 11,300 a 7 per cent yield needs a Rs 66 rent, and the building lets for Rs 50 to Rs 60. A bare office is worth about Rs 8,600 to Rs 9,400 a foot on that rent; a furnished, well-let one can justify Rs 10,000 to Rs 10,800.

Who developed Spaze iTech Park and when was it completed?

Spaze Towers, the Spaze Group's development company, built it on about 10 acres on Sohna Road in Sector 49. Both towers are recorded as completed in 2011. The offices were sold in small modules to individual owners, so today every sale is a resale from one of those owners, often with a tenant already in place, and the developer no longer holds stock to sell.

Does Spaze iTech Park have a RERA number?

No listing prints one, and one that calls the project RERA-approved gives no number. The towers were completed in 2011, about six years before the Haryana authority began registering projects, so none would be expected. Ask instead for the occupation certificate for the tower, the seller's conveyance deed, the lease in force and the maintenance agreement, and have the sale deed name the tower and floor.

How big are the towers at Spaze iTech Park?

Tower A has 13 storeys with floors of about 45,000 sq ft, some 5,85,000 sq ft in all. Tower B has 12 storeys with floors of about 85,000 sq ft, some 10,20,000 sq ft. Together that is about 1.6 million sq ft, more than the 1.4 million the listings round to. Individual offices run from about 500 sq ft to blocks of 9,000 and 11,000 sq ft.