Vipul Tech Square Office for Sale, Sector 43 Gurgaon

Vipul Tech Square is a three-tower office campus of about 5.56 acres on Golf Course Road, Sector 43, Gurugram, built by Vipul Limited and listed by the developer's own investor presentation among its delivered projects. One of its towers, about 2,85,000 sq ft, was built for Dell. The rest of the campus was sold in units, so what a buyer meets is a handful of resale offices, some vacant and some with tenants paying rent.

The row this page replaces printed about Rs 18,000 to Rs 24,000 per sq ft with no unit behind it. Four priced asks came back on 30 September 2026, and they run from Rs 19,028 to Rs 29,257 per sq ft. The two let offices among them are priced to return 5.0 and 5.25 per cent gross on their own rents. That is a thin return for Golf Course Road, and it is where the argument about price should start.

Four asks, each divided by its area

The working, line by line. Rs 3,17,00,000 divided by 1,666 is Rs 19,028. Rs 3,38,00,000 over 1,254 is Rs 26,954, and Rs 1,35,00,000 over 500 is Rs 27,000. For the furnished office the listing prints Rs 29,257 a foot; Rs 12.11 crore over 4,138 gives Rs 29,265, the small gap being rounding in the crore figure. One portal's resale page puts the building's small offices at 500 to 1,260 sq ft for Rs 1.3 crore to Rs 3.4 crore, which matches the two vacant asks.

Two search summaries also carried Golf Course Road asks of Rs 19,318 to Rs 29,098 and a Rs 50,000 office in Sector 31. None of those was tied to this building, so none is used here.

The yield sellers are asking a buyer to accept

A let office is worth its rent. The 1,666 sq ft unit earns Rs 1,32,197 a month, which is Rs 15,86,364 a year; against Rs 3.17 crore that is 5.0 per cent, exactly the return the listing prints. The furnished 4,138 sq ft unit earns Rs 128 a foot, Rs 5,29,664 a month or Rs 63,55,968 a year; against Rs 12.11 crore that is 5.25 per cent, again as printed. Both listings' sums check, which is more than most can say.

The vacant offices have no tenant, so their yield depends on what they would let for. Tower C is quoted at Rs 100 a month for new leases. Rs 100 is Rs 1,200 a year, and Rs 1,200 divided by Rs 27,000 is 4.4 per cent, before any months spent empty. By comparison, let offices in Vipul Square across the sector are priced at 6.2 to 6.8 per cent, and in MPD Tower on the same road at 6 to 7 per cent.

What a Rs 100 rent will support

• At 7 per cent: Rs 1,200 divided by 0.07 is about Rs 17,143 a foot.
• At 6 per cent: Rs 20,000.
• At 5.25 per cent, the return the furnished let office is priced at: about Rs 22,857.

So the old band's range of Rs 18,000 to Rs 24,000 is roughly what a bare office let at Rs 100 is worth, if a buyer accepts 5 to 6.5 per cent. The vacant asks at about Rs 27,000 sit above it: at that price a Rs 100 lease returns 4.4 per cent. They need a discount of about Rs 4,100 to Rs 7,000 a foot, or a rent of about Rs 118 (at 5.25 per cent) to Rs 135 (at 6 per cent) that nothing found here pays on a bare office.

The cheapest ask is the most interesting. The 1,666 sq ft office is let at about Rs 79, a fifth below the Rs 100 quoted for Tower C today. If that lease is renewed at Rs 100, the same Rs 19,028 buys a 6.3 per cent return (Rs 1,200 over Rs 19,028). If the tenant leaves at the end of its five years, the buyer carries an empty office until the next one arrives. Which of those happens depends on the lease, not the brochure.

Lease terms that come with the let units

The furnished 4,138 sq ft office is sold with a nine-year lease, a two-year lock-in, a 15 per cent rise after three years and a deposit of four months' rent. At Rs 5,29,664 a month the deposit is about Rs 21.2 lakh, which passes to the buyer and is normally netted off the price. That escalation takes the rent from Rs 128 to about Rs 147, and the yield on the asking price from 5.25 to about 6.0 per cent, once three years have run from the lease start. Ask for that date: if the lease is already three years old, the rise is close.

The 1,666 sq ft office carries a five-year lease with a lock-in. The listing does not say how much of the five years has run, and that is the one number that decides whether Rs 3.17 crore is fair.

The Dell tower and the rest of the campus

Summaries of the project describe three towers, each of three basements, a ground floor and four upper floors, with about 5,00,000 sq ft saleable in all, on 5.56 acres. One tower of about 2,85,000 sq ft was custom-built for Dell. Zomato and Fareportal are also named among occupiers, and a coworking operator runs a managed centre in the complex. Tower C, the one most often offered for lease, is marketed with floors of up to about 36,000 sq ft.

These numbers do not reconcile tidily: a Dell tower of 2,85,000 sq ft would leave about 2,15,000 sq ft for the other two, and a five-storey tower with 36,000 sq ft floors would be about 1,80,000 sq ft on its own. Some figures probably count basements or common areas. For a buyer it matters only at the unit level: take the super area from the conveyance deed, and divide the price by that.

The completion year could not be established from the sources read. No listing prints a registration number, and a finished building sold unit by unit needs none; the documents that settle its status are the occupation certificate for the tower and the chain of registered deeds.

Tech Square is not Vipul Square

Search results for this building return Vipul Square listings, and the reverse; most people who type Vipul Tech Square vs Vipul Square already hold a quote for one of them. Vipul Square is a single ten-storey block finished in 2003 inside Sushant Lok Phase I, asking about Rs 16,000 to Rs 17,300 a foot on this site's page for it. Tech Square is the three-tower campus on the Golf Course Road frontage. A seller quoting a Vipul Square price for a Tech Square office, or a buyer offering one, is off by about Rs 1,700 to Rs 13,300 a foot on the asks found. Put the building name, tower and floor on the draft agreement.

How it compares on Golf Course Road

Tech Square lets at about the same Rs 100 as MPD Tower and Paras Downtown Centre, but its sellers ask more for that rent than anyone else on the road. The case for paying a little more is the campus: a large, named occupier base and floors big enough to keep growing tenants. The case against is arithmetic. Veritas Tower, the newer building near the Sector 53-54 station, is valued at Rs 18,200 to Rs 24,000 on its rent, and Vipul Agora on MG Road asks Rs 13,000 to Rs 20,600. The road as a whole is on the Golf Course Road office page, and other let offices are on the pre-leased property page.

The developer

Vipul Limited is listed on the stock exchanges. The tribunal admitted it to insolvency in January 2020, and the appeal tribunal set that aside once the company settled with its creditor. In July 2021 a second petition, from the residents of Vipul Greens in Sector 48, was admitted over deposits the company had not refunded; where that case now stands could not be established. A Tech Square office sold years ago belongs to its owner, not to Vipul. The exposure is a unit whose first conveyance from Vipul was never registered, because putting that right needs a company signature.

Who should buy, and who should not

A buyer who wants a let Golf Course Road office near the Rapid Metro and will take 5 to 6 per cent for a nine-year lease with a step-up is who the furnished unit is priced for. An owner-occupier who wants 500 to 1,300 sq ft on the road can use the vacant asks as a starting point and push them toward Rs 20,000 to Rs 23,000. It is the wrong building for an investor who needs 7 per cent, for anyone paying Rs 27,000 for a vacant office on the strength of the name, and for a buyer who cannot get a registered chain of title back to Vipul.

Checks before paying

1. Building, tower and floor: Tech Square, not Vipul Square, written on the agreement.
2. The lease: tenant, start date, months left in the lock-in, next step-up date and the deposit held.
3. Rent against price: yearly rent divided by the price, before tax and maintenance.
4. Title: the registered conveyance in the seller's name and the chain back to Vipul Limited.
5. Occupation certificate for the tower, and the maintenance agency's no-dues letter.
6. Furniture: on a furnished unit, what the Rs 128 rent pays for, and who owns it at the end.

Taking space rather than buying it? The Vipul Tech Square rent page covers leasing in the campus, and the Vipul Square rent page covers the other Vipul block in the sector.

Frequently asked questions

What is the price of office space for sale in Vipul Tech Square?

Four priced asks were found on 30 September 2026, running from about Rs 19,028 to Rs 29,257 per sq ft. A let 1,666 sq ft office on the third floor is offered at Rs 3.17 crore (Rs 19,028 a foot), vacant offices of 500 and 1,254 sq ft at Rs 1.35 crore and Rs 3.38 crore (about Rs 27,000), and a furnished, let 4,138 sq ft office at Rs 12.11 crore (Rs 29,257 as printed). The smallest ticket found is Rs 1.35 crore.

What rent does an office in Vipul Tech Square earn?

Tower C is quoted at Rs 100 per sq ft a month for new leases. The two let offices on sale earn less and more than that: the 1,666 sq ft unit pays Rs 1,32,197 a month, about Rs 79 a foot, and the furnished 4,138 sq ft unit pays Rs 128, which includes its furniture.

What yield does a pre-leased office in Vipul Tech Square return?

About 5 to 5.25 per cent gross on the sellers' own figures. Rs 1,32,197 a month is Rs 15,86,364 a year, 5.0 per cent of Rs 3.17 crore; Rs 128 on 4,138 sq ft is Rs 63,55,968 a year, 5.25 per cent of Rs 12.11 crore. A vacant office bought at about Rs 27,000 and let at Rs 100 would return about 4.4 per cent.

How big is Vipul Tech Square, and which tower was built for Dell?

The campus covers about 5.56 acres with three towers, each described as three basements, a ground floor and four upper floors, and about 5,00,000 sq ft saleable in all. One tower of about 2,85,000 sq ft was built for Dell, and Tower C is marketed with floors of up to about 36,000 sq ft. Those figures come from different summaries and do not add up neatly, so rely on the plan and deed for the unit you buy.

Where is Vipul Tech Square, and how far is the metro?

On Golf Course Road in Sector 43, the side portals file under DLF Phase 5. The nearest metro station is Sector 42-43 on the Rapid Metro, about 0.5 km away, which connects to the Yellow Line at Sikanderpur. The building sits across the sector from Vipul Square in Sushant Lok Phase I. No source read printed a full postal address or pin code for the campus; the conveyance deed for a unit carries both, with the tower and floor.

How is Vipul Tech Square different from Vipul Square?

They are separate Vipul Limited buildings in the same sector. Tech Square is a three-tower campus on the Golf Course Road frontage, with Dell among its occupiers; Vipul Square is a single ten-storey block finished in 2003 inside Sushant Lok Phase I. Vipul Square's offices ask about Rs 16,000 to Rs 17,300 a foot on this site's sale page, well below the asks here.

What lease terms come with a let office in Vipul Tech Square?

The furnished 4,138 sq ft office comes with a nine-year lease, a two-year lock-in, a 15 per cent rise after three years and a deposit of four months' rent. The 1,666 sq ft office has a five-year lease. A buyer takes over the lease and the deposit, so read the deed for the months left in the lock-in.