M3M Jewel Shop for Rent, Sector 25 MG Road Gurgaon

Shop rent in M3M Jewel Sector 25 MG Road Gurgaon is published by floor, which is unusual and useful: Rs 500 per sq ft a month on the ground, Rs 300 on the first, Rs 250 on the second.

Read that card as a forecast rather than a price list. A landlord charging half as much for the second floor is telling you, in writing, that it expects roughly half the footfall to get there. That is the most honest piece of information available about this building, and it should decide which floor you take before the rent does.

What each floor costs

All three are before maintenance and before GST. In a managed retail development the maintenance line is a real second rent, and it is the number that moves after you have signed.

Whether the discount is a bargain depends entirely on your business

If you sell on impulse — accessories, a phone accessory counter, an ice cream brand — the second floor at half the rent is not a saving, it is a slow closure. Passing trade does not climb two flights, and the rent card is pricing exactly that.

If customers come to you by appointment or by intention — a clinic, a salon, a studio, a training centre, a destination food counter — then the second floor at Rs 250 is arguably the best value retail space on this stretch of MG Road, and the card tells you why nobody is competing with you for it. The landlord has discounted for a weakness that does not apply to you.

That is the decision. Not "can I afford Rs 500", but "does my customer arrive by accident or on purpose".

143 square feet, honestly

The smallest units here are about 143 sq ft. That is a counter, a display and a person — not a shop with a stockroom behind it. At Rs 500 a foot on the ground floor it is roughly Rs 71,500 a month for space you will be restocking daily from somewhere else.

For a single-product brand or a food kiosk that is exactly right and the small footprint is why an MG Road address is reachable at all. For conventional retail that needs depth, it is the wrong building, and no floor discount fixes that.

The question to ask before the rent

Ask in writing whether the lease is a straight per-square-foot rent, a minimum guarantee plus a share of revenue, or a pure revenue share. Managed retail developments use all three, and the published Rs 500, Rs 300 and Rs 250 are per-square-foot figures.

The difference is not academic. A straight rent is a fixed cost you must cover in a bad quarter. A minimum guarantee plus share caps your downside and takes your upside. A pure share aligns you with the landlord and is rare. If the lease you are handed carries a share component, every number on this page needs redoing before you sign it.

What else to settle

• The maintenance rate per square foot and what it covers — air conditioning, common-area staffing, security, marketing, food-court services.
• The deposit. Six to twelve months is usual on high-street retail, and on a ground-floor unit here that is Rs 4.3 lakh to Rs 8.6 lakh.
• The fit-out window and what the landlord contributes, and whether rent runs during it.
• Exclusivity — whether the landlord can let the unit beside you to your nearest competitor.
• The occupation certificate for your floor. Some listing pages still describe this project as under construction while the market treats it as delivered; in a mixed retail, food court and office building, floors are certified at different times.
• Who the landlord legally is. The project is registered with HARERA as RC/REP/HARERA/GGM/635/367/2022/110, with Lekh Buildtech Private Limited named as promoter — M3M is the brand. The entity on your lease should be the one entitled to let the unit.

Our view

The useful thing about this building is that the floor discount is published rather than hidden. Rs 500, Rs 300, Rs 250 is a footfall forecast written down, and it does most of your site-selection work for you.

If your business lives on passing trade, the ground floor is the only floor here and the rent is the rent. If it does not, the second floor at half the price is genuinely good value on an established high street, and the card is explaining why it is available. Either way, settle the maintenance rate and the revenue-share question before you negotiate the rent at all — those two decide more of your monthly outgoing than the headline does.

If you are buying rather than leasing, the same rent card is what makes the yield calculable, and that arithmetic is on retail shop for sale in M3M Jewel. For office space on the same road see JMD Empire Square on MG Road, and for another M3M commercial building a few corridors out, M3M Urbana Business Park.

Frequently asked questions

What is the shop rent in M3M Jewel Sector 25 MG Road Gurgaon?

It is published by floor: about Rs 500 per sq ft a month on the ground floor, Rs 300 on the first and Rs 250 on the second, plus maintenance. On the smallest unit of about 143 sq ft, the ground floor is roughly Rs 71,500 a month before maintenance and GST.

Why does the second floor cost half the ground floor?

Because the landlord expects roughly half the footfall. In a destination retail building, people reach the upper levels through the food court and the entertainment anchor rather than off the street, so the rent card is pricing the difference honestly. Read it as a forecast: if your business needs passing trade, that discount is not a saving.

What is the smallest shop I can take here?

About 143 sq ft. That is kiosk scale — enough for a counter, a display and a person, and not enough for a stockroom. It suits a single-product brand, a service counter or a food kiosk far better than it suits conventional retail.

Is the rent a flat rate or a revenue share?

Ask, in writing, before anything else. Managed retail developments commonly offer a straight per-square-foot rent, a minimum guarantee plus a share of revenue, or a pure share. The published Rs 500, Rs 300 and Rs 250 are per-square-foot figures; if the lease you are offered carries a revenue-share component, it is a different deal and needs its own arithmetic.

What does maintenance add?

It is quoted separately from the rent and in a managed retail development it is substantial — air conditioning, common-area staffing, security, marketing and the food-court services all sit in it. Get the rate per square foot and what it covers before you agree a rent, because it is the line that moves after you have signed.

Is M3M Jewel RERA registered?

Yes, as RC/REP/HARERA/GGM/635/367/2022/110, dated 28 November 2022. The promoter named on the registration is Lekh Buildtech Private Limited; M3M is the brand it is marketed under. Ask that the entity on your lease deed matches the one entitled to let the unit.