MGF Plaza Mall Office for Sale, MG Road Gurgaon

MGF Plaza Mall is an older shopping building on MG Road near IFFCO Chowk, Gurugram, with electronics and home-goods showrooms and bank branches below and offices and shops on its upper floors. The row this page replaces sold it as offices at about Rs 14,000 to 20,000 per sq ft. Searches on 30 September 2026 found no office in the building offered for sale with a price. The two priced sales are shops, at Rs 16,581 and Rs 19,091 per sq ft, and the one office rent found, Rs 60 a month, supports about Rs 10,300 a foot for an office at a 7 per cent return. So the old band describes the shops, not the offices.

Which building this is

The mall appears under several names: MGF Plaza Mall in directories, Plaza Mall on a leasing site and a project page, and M G F Plaza Mall in a business listing. It is a separate building from MGF Metropolitan, MGF Metropolis and MGF Megacity further along the same road. A project page credits MGF as the builder and one leasing site names Emaar MGF. MGF's own websites, read on 30 September 2026, list the group's Gurgaon malls as Metropolitan and Mega City, plus Metropolis on the older site, and do not show Plaza Mall. The group does not present the building as one of its malls today, which fits a building sold off floor by floor to individual owners.

The location is plain enough, on MG Road by IFFCO Chowk, but the sector is disputed. A project page, a resale listing and a leasing site put it in Sector 28; one business directory gives Sector 29 and another files it under Sushant Lok near IFFCO Chowk. A bank branch at the mall uses the 122002 postcode and a coworking centre in the building uses 122001. None of that matters to the price, but it matters to the paperwork: the address on the sale deed and the conveyance deed is the one that counts.

The two priced sales are shops

The working: Rs 2,10,00,000 over 1,100 sq ft is Rs 19,091, and Rs 2,26,00,000 over 1,363 sq ft is Rs 16,581. The portal's average for the building, about Rs 16,600 a foot, is the second figure rounded. Neither listing gives the floor. Upper-floor shops here let at Rs 85 a month on the leasing site this site read on 29 September 2026, for 2,770 sq ft on the second floor and 2,560 sq ft on the third. At Rs 85, a foot earns Rs 1,020 a year: 6.2 per cent on the Rs 16,581 ask and 5.3 per cent on Rs 19,091. At 7 per cent, an upper-floor shop letting at Rs 85 is worth about Rs 14,571. A ground-floor shop with frontage on MG Road would let for more and could justify more; the listings do not say which these are.

An office's value, worked from its rent

This site's rent page for the building found one office to let: 1,400 sq ft, semi-furnished, at Rs 84,000 a month, which is Rs 60 a foot. A second search on 30 September 2026 returned the same 1,400 sq ft semi-furnished office still offered for lease. That single rent is the only evidence of what an office here earns, so the value below is derived from it and labelled that way.

Each figure is Rs 60 times 12, which is Rs 720 a year, divided by the return. Run the old band the same way: at Rs 14,000 a foot a Rs 60 rent gives a gross rental yield of 5.1 per cent, and at Rs 20,000 a rental yield of 3.6 per cent. To earn 7 per cent at Rs 14,000, an office here would have to let at about Rs 82; at Rs 20,000, about Rs 117. Nothing in the building was found letting as an office at either rent.

Why the old band fits the shops and not the offices

Rs 14,000 to Rs 20,000 brackets both shop asks found here, and it matches the portal's building average. It also matches the spread of MG Road office asks in general: one portal puts the road's office sale rates at Rs 12,000 to Rs 25,000, with a 1,000 sq ft office at Rs 1.4 crore (Rs 14,000) and a pre-leased 2,155 sq ft office at Rs 4.1 crore (Rs 19,025) in unnamed buildings. But Plaza Mall's offices let for the least on the road, so they cannot carry the road's average price. A buyer who pays Rs 16,000 for an office here is paying a shop's price for an office's rent.

Who is on the upper floors

• A coworking centre on the fourth floor, Unit A, with desks from about Rs 7,000 to Rs 8,999 a month on two coworking pages. So the building has at least four floors above the ground, and some of its office area is taken in large blocks.
• Banks and an insurer: branches of ICICI Bank, Punjab National Bank and Bank of India, and an LIC office, on a mall directory.
• Showrooms: electronics and appliance brands including Canon, Dell, HP, LG, Panasonic and Whirlpool, and a Vijay Sales store.

The mix tells a buyer two things. Office tenants here share lifts and parking with shoppers, which keeps rents low. And a unit that a coworking operator or a bank would take is worth more than a small room behind a showroom, because the tenant is steadier.

MG Road offices for sale, side by side

The figures come from this site's pages on each building. Palm Court, on a Rs 55 to Rs 70 rent, has one let office priced at about Rs 8,800, and Sahara Mall offices ask Rs 9,700 to Rs 16,000 on about Rs 80. MGF Megacity has the same problem as Plaza Mall, with shops priced and offices not, and MGF Metropolis is where Rs 20,000 office asks are backed by Rs 100-plus rents. MGF Metropolitan prices shops from Rs 25,000 beside a metro station. On its Rs 60 rent, a Plaza Mall office sits with Palm Court and below Sahara Mall. The road's full office stock is on the MG Road office page and the wider market on the MG Road real estate page.

What could not be established

The year the mall opened, its floor count, its total area, the maintenance rate and any office sale price were not found in the sources read on 29 and 30 September 2026. No registration applies to a mall of this age, but that is inferred from its long trading history, not from a certificate; ask for the occupation certificate. No builder page for the mall was found either, so there are no official photos of Plaza Mall to point to; see the unit, the lifts and the parking in person.

What to ask a seller here

1. Is it an office or a shop on paper? The approved use on the building plan and the conveyance deed decides what a tenant may do with it.
2. The floor, the super area and the carpet area. Mall units often carry a large loading on common areas.
3. The lease, if let: tenant, rent per sq ft, lock-in, escalation and deposit. At Rs 60, a price above about Rs 10,300 returns under 7 per cent.
4. Maintenance: the rate, the arrears and who runs the building now that MGF does not list it.
5. The occupation certificate and the seller's title chain back to the builder.
6. Stamp duty: 7 per cent for a man, 5 per cent for a woman or 6 per cent jointly in Haryana, plus the registration fee, and 1 per cent TDS above Rs 50 lakh.

Leasing rather than buying? The MGF Plaza Mall rent page covers the office and shop rents in the building.

Frequently asked questions

What is the price of office space for sale in MGF Plaza Mall?

No office in MGF Plaza Mall was found for sale with a price on 30 September 2026. The only priced sales in the building are shops, at Rs 16,581 and Rs 19,091 per sq ft. Worked from the one office rent found, Rs 60 a month, an office is worth about Rs 10,300 a foot at a 7 per cent return; that is a derived value, not an ask.

What do shops in MGF Plaza Mall sell for?

Two asks were found: a 1,100 sq ft shop on resale at Rs 2.1 crore, which is Rs 2,10,00,000 divided by 1,100, or Rs 19,091 per sq ft, and a portal's starting price of Rs 2.26 crore for 1,363 sq ft, or Rs 16,581. The same portal gives an average of about Rs 16,600 for the building.

What is an office in MGF Plaza Mall worth on its rent?

At Rs 60 a month, a foot of office earns Rs 720 a year. At a 7 per cent return that supports about Rs 10,286 a foot, at 6 per cent Rs 12,000 and at 8 per cent Rs 9,000. A 1,400 sq ft office would be worth about Rs 1.44 crore at 7 per cent.

Who built MGF Plaza Mall?

Directories and a project page credit MGF, and one leasing site names Emaar MGF. MGF's own websites list its Gurgaon malls as Metropolitan and Mega City and do not show Plaza Mall, so the group does not market it today. The seller's title chain and the building's occupation certificate name the builder for certain.

Is MGF Plaza Mall in Sector 28 or Sector 29?

Sources differ. A project page, a resale listing and a leasing site put it in Sector 28; a business directory gives Sector 29, and another lists it under Sushant Lok, near IFFCO Chowk. The sale deed and the conveyance deed of the unit record the legal address, so use those.

How far is MGF Plaza Mall from the metro?

The mall is near IFFCO Chowk, which has a Yellow Line station, but no source found gives a walking distance. One store listing describes it as near the HUDA City Centre station, which is further south. Walk it from IFFCO Chowk before buying if tenants will depend on the metro.

How does MGF Plaza Mall compare with other MG Road malls for buying an office?

It has the lowest office rent this site has found on the road, Rs 60, against Rs 65 to Rs 100 in MGF Megacity and Rs 100 to Rs 140 furnished in MGF Metropolis, where offices ask Rs 20,500 to Rs 24,000. Sahara Mall offices ask Rs 9,700 to Rs 16,000 on an Rs 80 rent. On rent, a Plaza Mall office belongs at the bottom of that range.