Vasant Square Mall Office for Sale, Vasant Kunj New Delhi

Vasant Square Mall is a finished retail and office building in the Vasant Kunj community centre, at Plot A, Sector B, Pocket V, New Delhi, built by Suncity Projects, which keeps its own registered office in the building. A mall directory dates its start to 2008. One listing describes two basements, a lower ground floor, a ground floor and three floors above, with shops mainly on the ground level and offices on the rest; sizes of about 2,25,000 sq ft and about 2,50,000 sq ft are both printed. Regus runs a business centre on Level 3, and banks take space on the office levels.

The row this page replaces printed about Rs 22,000 to Rs 28,000 per sq ft and named the building itself as the developer. The two office asks found on 30 September 2026 sit at the top of that range: Rs 27,419 for 1,550 sq ft and Rs 25,862 for 1,450 sq ft. The rents say something narrower. At the quoted Rs 120 a month an office is worth about Rs 20,600 a foot at a 7 per cent return, and only a unit let at Rs 150 or more supports the asks.

What sellers ask inside the mall

The two office figures come from one portal's project page for Suncity Vasant Square, seen in two versions: they may be two units or the same page updated. Either way they put a ready office of about 1,500 sq ft at Rs 3.75 crore to Rs 4.25 crore. The showroom is a shop and is priced as one, at Rs 31,111; it is shown so a buyer does not mistake a shop's rate for an office's. Two pre-leased offices are also on offer, a 1,280 sq ft unit and a 3,874 sq ft unit, and neither prints a sale price in the text read.

Listings near the mall that prove nothing

Search results for the mall also return offices described as near it:

• 2,280 sq ft at Rs 7.52 crore, printed as Rs 33,000 a foot (Rs 7,52,00,000 / 2,280 = Rs 32,982).
• 1,555 sq ft at Rs 1.65 crore, Rs 10,611 a foot.
• 980 sq ft at Rs 65 lakh, Rs 6,633 a foot.

At a Rs 120 rent the last two would return 13.6 and 21.7 per cent a year, far above the 5.5 to 7 per cent that this site's pages find for let offices in Saket and Jasola. They are in other buildings, below ground, or wrongly priced. None of them belongs in a valuation of Vasant Square Mall, and a buyer shown one by a broker should ask for the building name on the title deed.

The leases behind the price

Rs 5,81,100 over 3,874 sq ft is exactly Rs 150, and Rs 1,92,000 over 1,280 is exactly Rs 150. The Vuclip lease is the most detailed record found, and also the oldest: on its own dates it started in January 2013, rose 15 per cent to about Rs 172.50 in 2016, and ran for nine years, so it reached its end around the start of 2022. A seller still quoting it needs to show a renewal or a new tenant. The 1,280 sq ft listing prints no date at all. So Rs 150 is what the building could earn from a single office tenant in the 2010s; the only current quote found is Rs 120. For the locality, a guide read on 25 September puts ordinary Vasant Kunj office space at Rs 50 to Rs 120 and its premium zones and mall complexes at Rs 90 to Rs 180.

The yield at each ask

The yield is a year's rent divided by the price: Rs 120 x 12 is Rs 1,440, and Rs 1,440 over Rs 27,419 is 5.3 per cent. For 7 per cent, Rs 22,000 a foot needs a rent of about Rs 128 and Rs 28,000 needs about Rs 163. At a 6 per cent return, about where this site's pages find let offices in Jasola trading, the same figures need Rs 110 and Rs 140. So:

• Vacant office, on the Rs 120 quote: about Rs 20,600 at 7 per cent, Rs 24,000 at 6 per cent.
• Office let at Rs 150 on a current, registered lease: about Rs 25,700 at 7 per cent, up to Rs 30,000 at 6 per cent.
• The Rs 27,419 ask: fair for a let office at Rs 150 with years of lock-in left; about Rs 3,000 to Rs 7,000 a foot too high for an empty one.

What the mall's troubles mean for an office owner

This site's rent page for Vasant Square Mall sets out the problem from a tenant's side: a mall that has struggled to fill its shops for years, a visitor's account of broken tiles and failing washrooms, a Big Bazaar anchor whose parent company, Future Retail, was ordered liquidated on 27 July 2024, and three far larger malls on Nelson Mandela Marg in the same locality. A tenant can use that to bargain. An owner carries it. Empty shops mean fewer units paying for lifts, air conditioning and security, and an office owner's share of maintenance can rise with vacancy. An empty office in a half-let building also takes longer to re-let.

The offices have done better than the shops. Regus, HDFC Securities, Braemar ACM Shipbroking India, ICICI Bank, IndusInd Bank and State Bank of India all appear on tenant lists, and two let offices at Rs 150 show that single office tenants have paid well here. The honest reading is that an office in Vasant Square Mall is worth buying only with a tenant already in it, a lease in hand, and a price set on that lease.

South Delhi offices for comparison

On these figures, put as Vasant Square vs Saket, the mall asks what DLF South Court and Salcon Rasvilas ask at the low end, but on a lower rent and in a weaker building. Against Jasola, DLF Towers and Salcon Aurum sell at Rs 21,000 to Rs 24,000 on rents of Rs 100 to Rs 120, next to a metro station. Vasant Square's Rs 120 quote is level with Jasola's rents, which makes Jasola's prices, not Saket's, the fair comparison for an empty office here. The sources read do not give a metro distance for the mall.

Documents and questions for this purchase

1. Title. The conveyance or sub-lease deed, and whether the plot is freehold or held on lease and from whom. The deed must name Vasant Square.
2. The lease: tenant, start date, rent per sq ft, lock-in left, escalation and deposit. The Vuclip lease shows how old a quoted lease can be.
3. Super and carpet area of the unit, and which floor: lower ground, ground and upper floors are different products here.
4. Maintenance: the current rate, last year's actual spend, and arrears on the unit. Get it in writing, because in an under-let mall it is the figure most likely to rise.
5. The occupation certificate for the building.
6. Stamp duty is charged at Delhi's rates on the higher of the price and the circle-rate value, plus the registration fee; 1 per cent TDS applies on a price above Rs 50 lakh.

This suits an investor who buys a let office with a current lease at Rs 150 or more and prices it at 6 to 7 per cent on that rent, and a firm that wants its own South Delhi office close to the airport and will occupy it. It does not suit a buyer of an empty office at Rs 27,000 a foot, anyone relying on the Vuclip lease without proof it was renewed, or anyone who confuses the near-mall listings with the mall.

Frequently asked questions

What does an office in Vasant Square Mall cost to buy?

One portal's page for the building showed ready offices from Rs 4.25 crore for 1,550 sq ft on 30 September 2026, which is Rs 4,25,00,000 divided by 1,550, or Rs 27,419 per sq ft. Another version of the same page showed Rs 3.75 crore for 1,450 sq ft, Rs 25,862 a foot. A 450 sq ft showroom in the mall asks Rs 1.4 crore, Rs 31,111 a foot. No other office inside the mall was found with a price.

What rent does an office in Vasant Square Mall earn?

About Rs 120 per sq ft a month on a coworking site's quote read by this site on 25 September. Two let units offered for sale carry Rs 150: a 1,280 sq ft office let to a foreign company at Rs 1,92,000 a month, and a 3,874 sq ft office let to Vuclip at Rs 5,81,100 a month on a lease that began in January 2013.

What is the rental yield on a Vasant Square Mall office at today's asks?

At a Rs 120 rent, the Rs 27,419 ask returns 5.3 per cent gross and the Rs 25,862 ask 5.6 per cent. At Rs 150 the same asks return 6.6 and 7.0 per cent. For a 7 per cent return an office letting at Rs 120 should cost about Rs 20,571 a foot, and one let at Rs 150 about Rs 25,714.

Who built Vasant Square Mall, and when did it open?

Suncity Projects Pvt Ltd, which keeps its registered office in the building. A mall directory gives 2008 as the year it started. One listing describes two basements, a lower ground floor, a ground floor and three floors above; sizes of about 2,25,000 and 2,50,000 sq ft are both in print. The occupation certificate and the approved plan settle both.

Which companies have offices in Vasant Square Mall?

Regus runs a business centre on Level 3. Listings also name HDFC Securities, Natural Energy System, Braemar ACM Shipbroking India, ICICI Bank, IndusInd Bank and State Bank of India. Some lists still include Future Retail, which the tribunal ordered liquidated on 27 July 2024, so treat any tenant list or directory as a lead to check, not a fact.

Why are some Vasant Kunj offices near the mall listed at Rs 6,600 or Rs 10,600 a sq ft?

Those listings are described as near Vasant Square Mall, not in it. A 980 sq ft office at Rs 65 lakh is Rs 6,633 a foot and a 1,555 sq ft office at Rs 1.65 crore is Rs 10,611. At a Rs 120 rent they would return 21.7 and 13.6 per cent, which no office inside the mall does. They are either in other buildings, below ground, or priced wrong, and they say nothing about the mall's own value.

Does the mall's weak retail matter to someone buying an office in it?

Yes, in two ways. A mall with empty shops and worn common areas spreads its maintenance over fewer paying units, which raises the owner's running cost, and it makes re-letting an empty office slower. But the offices have held banks, Regus and a shipbroker, and a let office is bought for its lease. Buy one with a tenant and a lease you have read, not an empty one on hope.

What is the Vasant Square Mall address and pin code, and how near is the metro?

Vasant Square Mall, Plot A, Sector B, Pocket V, Community Centre, Vasant Kunj, New Delhi 110070. The developer's registered office is at LGF-10 in the building and Regus is on Level 3. Its location is the Vasant Kunj community centre, in the same locality as the three larger malls on Nelson Mandela Marg. None of the sources read named the nearest metro station or gave a distance to one, so a firm whose staff come by metro should time the trip before buying.