Vatika Triangle Office for Sale, Sushant Lok Gurgaon

Vatika Triangle is a 2003 office building at Block A, Sushant Lok Phase 1, on Mehrauli-Gurgaon Road, with the MG Road metro station within about 0.5 km. It is small by today's standards: two basements, a ground floor and seven upper floors, about 1,30,000 sq ft. It has been sold off to investors in pieces, and what is on the market now is mostly small let offices of 325 to 570 sq ft, with one larger block and one full-floor lot. On 30 September 2026 the asks ran from Rs 15,000 to Rs 27,781 per sq ft, and the let units return 6.0 to 7.4 per cent gross.

The row this page replaces printed a band of about Rs 18,000 to 24,000 per sq ft marked as an estimate. The middle of it is roughly where the building trades, but its ends were too narrow on both sides: small let units sell for as little as Rs 15,000, and the one full-floor lot asks nearly Rs 27,800. Unlike most offices on this road, the returns here are respectable, and the reason is the size of the units.

Small let offices, divided

The working for each line: price over area gives the rate, rent over area gives the rent per foot, and twelve months' rent over the price gives the return. Rs 39,000 times 12 is Rs 4,68,000; on Rs 70 lakh that is 6.69 per cent, and on Rs 63 lakh 7.43 per cent. Rs 44,850 times 12 is Rs 5,38,200, or 7.18 per cent of Rs 75 lakh; the listing prints 7.0 per cent, a slight understatement. Rs 75,000 times 12 is Rs 9,00,000, exactly 6 per cent of Rs 1.5 crore. The 1,025 sq ft office, let for five years with three and a half years' lock-in at Rs 78, returns Rs 936 a year on Rs 15,600, also 6 per cent.

The spread in price per foot, Rs 15,000 to Rs 26,316, follows the rent almost exactly. The 570 sq ft office asks the most because it earns the most per foot. So in this building, the useful question is not "what is the rate per sq ft" but "what does the lease pay, and for how long".

The 900 sq ft office and its printed 6.5 per cent

A 900 sq ft office asks Rs 1.7 crore. Rs 1,70,00,000 divided by 900 is Rs 18,889 a foot; the portal prints Rs 18,860, close enough that the difference is probably rounding in the price. It prints a 6.5 per cent return but no rent. Working backwards, 6.5 per cent of Rs 1.7 crore is Rs 11,05,000 a year, which would need a rent of about Rs 92,083 a month, or Rs 102 a foot. That is within the building's range, but it is a derived figure, not one the listing shows. Ask for the lease before relying on it.

A full floor at Rs 46 crore

The largest lot is a pre-rented block of 16,558 sq ft at Rs 46 crore. Rs 46,00,00,000 divided by 16,558 is Rs 27,781 a foot, the highest rate in the building. The floor plate is about 16,250 sq ft, so this is roughly one whole floor. The rent was not printed. To return 7 per cent the block would need Rs 3.22 crore a year, about Rs 162 a foot a month; to return 6 per cent, about Rs 139. The best rent found on a small unit is Rs 132, and in this building the larger lease found, 1,025 sq ft at Rs 78, pays less per foot, not more. Unless the lease shows a rent near Rs 140, the block is priced above what it earns.

What tenants pay to lease here

Offices to let are quoted at Rs 90 a foot bare shell and Rs 120 furnished on a 3,600 sq ft space, with other listings at Rs 105 and Rs 123. One page asks for a minimum lease of 36 months with six months' deposit. An older broker page still lists raw offices at Rs 40 to Rs 50, furnished at Rs 60 to Rs 70 and serviced at Rs 100 to Rs 120; those ranges sit far below every signed lease on the sale listings and look out of date. The signed leases, Rs 78 to Rs 132, are the evidence to trust.

From today's asking rents, a vacant office is worth:

• At Rs 90 bare shell: Rs 1,080 a year, divided by 0.07, Rs 15,429 a foot; by 0.065, Rs 16,615.
• At Rs 105: Rs 18,000 at 7 per cent, Rs 19,385 at 6.5.
• At Rs 120 furnished: Rs 20,571 at 7 per cent, Rs 22,154 at 6.5.

So a vacant bare office should cost about Rs 15,400 to Rs 18,000, and a furnished one Rs 20,000 to Rs 22,000. Asks above that need a lease in hand that pays for them.

Why the returns beat City Point's

The developer's other MG Road building, Vatika City Point, completed in 2008, asks Rs 21,000 to Rs 22,500 for most let offices, and those return 4.4 to 5.75 per cent. Vatika Triangle is five years older and returns 6 to 7.4 per cent. Two things explain it. The units are smaller, and small offices let for more per foot: a 325 sq ft office here pays Rs 120, while City Point's 3,565 sq ft lease pays Rs 82. And the building is older and shorter, so buyers pay less for each rupee of rent. The trade-off is the risk: a 325 sq ft tenant can leave once its lock-in ends, and there are many small offices on the road competing for the next one.

Priced against MG Road and Sector 43

Vatika Triangle overlaps nearly every MG Road building because its units range so widely. Its small let offices at Rs 15,000 to Rs 17,300 compete with Vipul Square in Sector 43 and Delta Square, while its best-let units compete with Salcon Platina Tower. The road's full list is on the MG Road office page, offices within a walk of a station on the offices near metro page, and leasing in the colony on the Sushant Lok office rent page. For a newer Vatika building on Golf Course Road, see Vatika Atrium in Sector 53.

A 2003 building: what that means for a buyer

Completed in 2003, two basements, a ground floor and seven upper floors on floors of about 16,250 sq ft; eight above-ground levels at that plate give the 1,30,000 sq ft the databases print. The developer describes 12,077 square metres of space in an open office hall format, which converts to about 1,30,000 sq ft, so the figures agree. Coworking operators occupy large parts of it: Vatika Business Centre, the developer's own, on the second floor, and 91 Springboard. Those two are the only companies in Vatika Triangle that the sources read name. The let units on sale are mostly 325 to 570 sq ft, so most other occupiers are small offices; the seller or the maintenance office can say who sits on the floors around a unit. Some portals file the building under Sector 28 rather than Sushant Lok.

No RERA number applies to a building of this age. The things that matter are older: the seller's conveyance deed, the occupation certificate, a search for any loan on the unit, and the state of the lifts, cooling and power back-up in a 23-year-old building, since maintenance costs rise with age. Vatika Limited's insolvency case was confined by the appeal tribunal on 27 March 2026 to its Aspirations housing project in Sector 88B; offices here belong to investors and are outside it. On 28 September 2026 the Enforcement Directorate arrested the company's chairman and managing director, Anil Bhalla, and promoter Gautam Bhalla in a money-laundering case over undelivered plots in Vatika India Next; that case, too, is about the plotted township rather than this building.

Who it suits

No owner or tenant reviews of Vatika Triangle were among the pages read, so this verdict rests on the leases and prices above. It suits an investor with Rs 60 lakh to Rs 1.6 crore who wants a let office near a metro station at 6 to 7 per cent gross and accepts that small tenants turn over more often. It suits a small firm that wants to own 300 to 1,000 sq ft on MG Road rather than rent it. It does not suit a buyer who wants a new building, one who will pay Rs 27,781 a foot for a floor whose rent is not shown, or one who buys on a printed return without the lease.

Before buying a let unit

1. The lease itself: tenant, rent, start date, lock-in end, step-up and deposit. On a small unit the lock-in date is the most important line.
2. Super and carpet area of the unit and its floor.
3. The rent history: whether the tenant has renewed before, and at what step-up.
4. Maintenance and power back-up charges, and who pays them; no listing publishes them.
5. Title: the conveyance deed, the occupation certificate and a search for any charge on the unit.
6. For the full floor: the rent roll, every lease and its expiry, before any talk of Rs 46 crore.

This page shows charts of the asks and returns, not photos of Vatika Triangle. The developer's own Vatika Triangle pages are the place to look for pictures of the building, and a visit shows what pictures leave out: the lifts, the cooling plant and the common areas of a building now 23 years old.

Frequently asked questions

What is the price of an office for sale in Vatika Triangle?

Rs 15,000 to Rs 27,781 per sq ft on the asks found on 30 September 2026. The small let offices run from Rs 63 lakh for 365 sq ft to Rs 1.5 crore for 570 sq ft; a 900 sq ft office asks Rs 1.7 crore, about Rs 18,889 a foot; a let 1,025 sq ft office asks Rs 15,600 a foot; and a whole let block of 16,558 sq ft asks Rs 46 crore. The cheapest ticket seen is Rs 39.5 lakh, size not given.

What return do the let offices in Vatika Triangle give?

Between 6.0 and 7.4 per cent a year gross on the listings that print both rent and price. A 570 sq ft office at Rs 75,000 a month on Rs 1.5 crore returns 6.0 per cent; 325 sq ft at Rs 39,000 on Rs 70 lakh, 6.7 per cent; 365 sq ft at Rs 39,000 on Rs 63 lakh, 7.4 per cent; 500 sq ft at Rs 44,850 on Rs 75 lakh, 7.2 per cent; and 1,025 sq ft at Rs 78 a foot on Rs 15,600, 6.0 per cent.

What rent does an office in Vatika Triangle earn?

Signed leases on the sale listings pay Rs 78 to about Rs 132 per sq ft a month, the highest on the smallest units. Offices to let are quoted at Rs 90 bare shell and Rs 120 furnished on 3,600 sq ft, with other listings at Rs 105 and Rs 123. One page asks for a minimum lease of 36 months and six months' deposit.

What does a whole floor of Vatika Triangle cost?

One pre-rented block of 16,558 sq ft, about one full floor, is listed at Rs 46 crore, which is Rs 46,00,00,000 divided by 16,558, or Rs 27,781 per sq ft. Its rent was not printed, so its return cannot be worked out. At 7 per cent that price would need a rent of about Rs 162 a foot, above anything found in the building.

How old is Vatika Triangle, and does it have a RERA number?

It was completed in 2003, with two basements, a ground floor and seven upper floors, about 1,30,000 sq ft in all on floors of about 16,250 sq ft. The developer states 12,077 square metres, which converts to the same area. No RERA number applies to a building finished more than a decade before Haryana began registering projects; a buyer relies on the conveyance deed and the occupation certificate.

Is Vatika Triangle in Sushant Lok or Sector 28?

Both descriptions point to one building. Its address is Block A, Sushant Lok Phase 1, on Mehrauli-Gurgaon Road, usually shortened to MG Road, and some property databases and portals file it under Sector 28. Search under all three names when comparing listings.

Is Vatika Triangle near a metro station?

Yes. The nearest metro station is MG Road on the Yellow Line, which listings put within about 0.5 km, a short walk. That, and the small units, is why its rents per sq ft are close to those of newer buildings on the road.

What is the pin code of Vatika Triangle in Gurugram?

None of the sources read printed a postal code. The address they give is Block A, Sushant Lok Phase 1, Mehrauli-Gurgaon Road, Gurugram, and some databases file the same building under Sector 28, so take the pin code from the seller's conveyance deed or a maintenance bill for the unit rather than from a listing.