Spaze Palazo Office for Sale, Sector 69 Gurgaon

Spaze Palazo is a finished office and retail building on the Southern Peripheral Road in Sector 69, Gurugram, built by the Spaze Group. The developer describes offices on levels 2 to 12 and shops, restaurants and entertainment on levels 0 and 1. One project listing puts it at over 3.5 lakh sq ft on about 3.4 acres, and a broker page gives parking for more than 400 cars. The offices were sold to individual owners, many of them investors, and a good share of what comes up for sale is let.

The row this page replaces printed about Rs 9,000 to Rs 13,000 per sq ft with no working. No listing read on 29 September 2026 gives a price and a size for the same office, so that band cannot be checked against a dated ask. What can be checked is the rent: four let or offered offices publish theirs, and at a 7 per cent return they value a let office at about Rs 10,300 to Rs 11,100 per sq ft. The old band's middle is in the right place; its bottom is too low for a let office and its top would need a rent of about Rs 76.

The rents that set the price

The arithmetic: Rs 50,000 over 840 is Rs 59.52. Rs 99,280 over 1,641 is Rs 60.50. The 900 sq ft office at Rs 62 pays Rs 55,800 a month, and the 2,508 sq ft office at Rs 65 pays Rs 1,63,020. The three OYO units add up: 1,218 plus 720 plus 570 is 2,508.

What the let offices are worth

Each value is the yearly rent divided by 0.07. At 6.5 per cent, which some buyers accept for a long lock-in, the OYO office would be worth Rs 3.01 crore, or Rs 12,000 a foot; at 7.5 per cent it would be Rs 2.61 crore, or Rs 10,400. The 1,641 sq ft lease's 15 per cent step every three years lifts its rent to about Rs 69.60 in year four, which is part of why a buyer might pay nearer 6.5 per cent for it.

OYO is a hospitality company, and a lease to it in an office building is worth reading closely: check the use permitted by the building's approvals, whether the unit is run as offices or as rooms, and what happens to the lease if the operator exits.

The ticket bands, and why they do not divide

Three portal and broker bands exist, and none pairs a price with a size. One broker page gives Rs 65 lakh to Rs 3.5 crore for carpet areas of about 300 to 1,500 sq ft. Read end to end, that would be about Rs 21,700 to Rs 23,300 per sq ft of carpet, which on a Rs 65 rent would return 3.3 to 3.6 per cent; either the band mixes shops with offices or the ends do not pair. One portal gives Rs 6 lakh to Rs 72 lakh, and another Rs 12.96 lakh to Rs 1.85 crore, with built-up areas starting at 117 sq ft. Those low tickets are almost certainly kiosks or small shops on the retail levels, not offices. None of these bands should be used as a per-foot price. A buyer should ask for the unit's super area, carpet area and floor, and divide.

How it compares

M3M Urbana in Sector 67, a newer building up the road, sells at Rs 11,000 and up on higher rents. Splendor Trade Tower in Sector 65 trades let floors at Rs 12,500 to Rs 12,900 on Rs 78. Spaze iTech Park in Sector 49, the group's older Sohna Road IT park, lets for less and sells plain offices at Rs 8,500 to Rs 9,800. Spaze Palazo sits between the two groups: rents a few rupees above Sohna Road, and a price that should follow. The corridor's letting market is on the Southern Peripheral Road office page, and other let offices on the pre-leased page.

Who this suits

It suits an investor who wants a let office of 900 to 2,500 sq ft for Rs 1 crore to Rs 3 crore on a nine-year lease, and who buys where the lease rent divided by the price comes to 7 per cent or close to it. It suits an owner-occupier who wants a small office with parking near the Southern Peripheral Road. It does not suit a buyer who takes a ticket band as a price, anyone paying Rs 13,000 for a vacant office that lets at Rs 60, or a team that needs a metro nearby.

Before you pay anything

1. Super area, carpet area and floor of the unit; levels 0 and 1 are retail.
2. The lease: tenant, rent per sq ft, lock-in, escalation, deposit, and the remaining term.
3. The yield: rent times 12, divided by the price. Below 6.5 per cent, ask why.
4. Use: whether the tenant's use matches the building's approvals, especially for a hospitality tenant.
5. Maintenance: rate and who pays it; no listing found publishes it.
6. Title: the occupation certificate for the building and the seller's conveyance deed.

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

Frequently asked questions

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

No listing found on 29 September 2026 prints both a price and a size for one Spaze Palazo office, so there is no dated per-foot ask to divide. Ticket bands run from Rs 65 lakh to Rs 3.5 crore on one broker page, with smaller bands on two portals. Valued on the leases that are published, a let office is worth about Rs 10,300 to Rs 11,100 per sq ft at a 7 per cent return.

What rent does an office in Spaze Palazo earn?

Rs 59.50 to Rs 65 per sq ft a month. An unfurnished 840 sq ft office asks Rs 50,000, which is Rs 59.52; a let 1,641 sq ft office pays Rs 99,280, which is Rs 60.50; a let 900 sq ft office pays Rs 62; and a 2,508 sq ft office let to OYO pays Rs 65. Offices of 570, 800 and 1,200 sq ft are also offered at Rs 65.

What is a pre-leased office in Spaze Palazo worth?

At 7 per cent: the 900 sq ft office at Rs 62 earns Rs 6,69,600 a year and is worth about Rs 95.7 lakh; the 1,641 sq ft office at Rs 99,280 a month earns Rs 11,91,360 and is worth about Rs 1.70 crore; the 2,508 sq ft office let to OYO earns Rs 19,56,240 and is worth about Rs 2.79 crore. That is Rs 10,371 to Rs 11,143 per sq ft.

What are the lease terms on let offices in Spaze Palazo?

Nine-year leases on all three let offices found. The lock-in period runs one, two and three years; deposits three months on the 1,641 sq ft office and six months on the OYO office; and the 1,641 sq ft lease carries a 15 per cent escalation every three years.

How big is Spaze Palazo?

One project listing gives over 3.5 lakh sq ft built up on about 3.4 acres. The developer describes offices on levels 2 to 12 and retail and entertainment on levels 0 and 1, and a broker page gives parking for more than 400 cars. Office carpet areas of about 300 to 1,500 sq ft are listed.

Where is Spaze Palazo and how far is the metro?

On the Southern Peripheral Road in Sector 69, Gurugram, close to Sohna Road. One project listing puts it within 8 km of the Sector 55-56 Rapid Metro station, so it is a building reached by road.

Does Spaze Palazo have a RERA number?

No registration number was found in the sources read, and the completion year could not be established either, so it is not known whether one applies. The developer lists Spaze Palazo as delivered. Ask for the occupation certificate for the building and the seller's conveyance deed before paying.