Emaar Colonnade Retail Shop for Sale, Sector 66 Gurgaon

A retail shop for sale in Emaar Colonnade Sector 66 Gurgaon is advertised with a ticket price and almost never with a rate, and the two questions a shop buyer actually has — what does a square foot cost, and what does that square foot earn — go unanswered on nearly every page that ranks for it.

The resale evidence gives a rate of about Rs 38,000 per sq ft. A 443 sq ft unit in the complex is listed at Rs 1.7 crore, pre-leased at Rs 77,000 a month. Divide and you get Rs 38,375 per sq ft of capital and Rs 174 per sq ft a month of rent — a gross yield of 5.4 per cent before maintenance, property tax and the vacancy you will eventually have.

The two numbers, and the gap between them

Here is the part worth slowing down for. A separate listing in the same complex offers a 500 sq ft ground-floor shop on lease at Rs 90 per sq ft a month — Rs 45,000 a month. If you bought a shop here at Rs 38,375 per sq ft and let it at Rs 90, the yield would be 2.8 per cent, not 5.4.

Those are three quotes from three listings, not an index, and they should not be averaged into a single reassuring figure. What they tell you is that the rent attached to a pre-leased unit here is roughly double the rate a vacant unit is being offered at. That can be entirely legitimate — a stronger tenant, a corner unit, a lease signed years ago with escalations run through it, a bigger frontage — and it can also be a lease written to make a sale possible.

One document settles it: the lease deed. Read the tenant's name, the start date, the escalation clause, the lock-in and the security deposit, and check the rent against the bank statement rather than the brochure. A 5.4 per cent yield on a lease with two years left and no lock-in is a 2.8 per cent yield with a delay in it.

What is actually being sold here

Emaar Colonnade sits on Golf Course Extension Road in Sector 66, Gurugram. It is a completed, mixed commercial block: roughly 200 high-street retail units on the lower levels with about fifteen floors of office space above them, and units marketed from about 500 sq ft to 1,600 sq ft, with some listings quoting up to 2,000 sq ft. Retail entry tickets are advertised from about Rs 1.14 crore.

The distinction between the retail and the office product in the same building matters more than it looks. They are bought at similar rates per sq ft and they let on completely different logic: a shop lives or dies on footfall past its own shutter, an office suite on the floor plate and the parking. A buyer who shops on rate alone can easily pay a retail rate for a unit that will only ever let as an office.

How it compares with the rest of Golf Course Extension Road

Ready commercial in this corridor is expensive relative to raw new-build: under-construction commercial space around Golf Course Extension Road is quoted from about Rs 11,000 per sq ft. That is not the same product and the difference is not markup. A Rs 11,000 rate buys a floor in a building that has no tenants, no rent for three or four years, and construction risk against a developer's schedule. Rs 38,000 buys a shutter that is open, in a block that is occupied, with a rent already flowing.

Whether that premium is worth paying is an arithmetic question, not an opinion. Three to four years of no income, plus the risk, against a yield of between 2.8 and 5.4 per cent from day one. If the honest answer on your unit is nearer 2.8, the premium is very hard to justify; at 5.4 with a real tenant on a long lock-in, it is defensible.

The costs the ticket price does not include

• Stamp duty and registration. Haryana charges 7 per cent for a male buyer inside municipal limits, 5 per cent for a female buyer and 6 per cent joint, plus a slab registration fee that reaches its Rs 50,000 cap from Rs 90 lakh. On Rs 1.7 crore that is up to about Rs 12.4 lakh.
• GST. Nil on a completed property holding its completion certificate — which is one of the quiet advantages of buying ready here rather than under construction.
• Maintenance. Commercial common-area maintenance in Gurugram runs roughly Rs 15 to Rs 30 per sq ft a month. On 443 sq ft that is Rs 6,600 to Rs 13,300 a month, and on a 5.4 per cent gross yield it takes about a percentage point off before you have paid property tax.
• TDS. 1 per cent under Section 194-IA on a purchase above Rs 50 lakh, and 10 per cent under Section 194-I on the rent once it crosses Rs 6 lakh a year. The rent here does.

Frequently asked questions

What is the price per sq ft of a shop in Emaar Colonnade Sector 66 Gurgaon?

About Rs 38,000 per sq ft on the resale evidence. A 443 sq ft unit is listed at Rs 1.7 crore, which is Rs 38,375 per sq ft. Advertised entry tickets start from about Rs 1.14 crore, and units are marketed from roughly 500 sq ft to 1,600 sq ft, so the ticket you are quoted depends almost entirely on the size and the floor rather than on any change in the rate.

What rental yield does a shop here give?

Between about 2.8 and 5.4 per cent gross, and which end you land on is the whole question. A pre-leased 443 sq ft unit at Rs 1.7 crore carries a rent of Rs 77,000 a month, which is 5.4 per cent. A vacant 500 sq ft ground-floor shop in the same complex is being offered on lease at Rs 90 per sq ft a month, and at that rate the same capital returns 2.8 per cent. Get the lease deed and the bank statement before you accept the higher number.

Is Emaar Colonnade ready to move, and is it registered?

It is a completed and occupied commercial complex on Golf Course Extension Road. On registration the records disagree. A Haryana RERA register entry returned by a search on 30 September 2026, and one listing site, give Colonnade in Sector 66, promoted by Emaar India Limited, registration 156 of 2017 dated 28 August 2017; this page earlier treated the complex as built before the Real Estate (Regulation and Development) Act applied, with no registration. The HRERA register settles it, so look the number up there before paying a token. Ask also for the occupation certificate, the conveyance deed for the specific unit, the maintenance dues position and, where the unit is let, the lease deed.

What size shops are available in Emaar Colonnade?

Units are marketed from about 500 sq ft to 1,600 sq ft, with some listings quoting sizes up to 2,000 sq ft. The complex holds roughly 200 high-street retail units on its lower levels with about fifteen floors of office space above, so the small end of the range is genuinely small retail and the large end overlaps with office floor plates.

How does buying ready here compare with under-construction commercial nearby?

Under-construction commercial around Golf Course Extension Road is quoted from about Rs 11,000 per sq ft against roughly Rs 38,000 here. The gap is not markup, it is three or four years of no rent plus construction risk, and nil GST on a completed property against 5 per cent on an under-construction one. Run those years against the yield your own unit actually earns before deciding which is better value.

What should I check before buying a shop in this complex?

Five things. The lease deed, if the unit is pre-leased — tenant, start date, lock-in, escalation, deposit. The rent against the landlord's bank statement rather than the brochure. The maintenance rate and the dues outstanding on that unit. The occupation certificate and the conveyance chain. And the unit's actual frontage and footfall, walked at 7pm on a Saturday, because a shop on the wrong side of a block lets for what an office lets for.

Our view

A shop here is a reasonable income asset at the right yield and an expensive one at the wrong yield, and the difference between those two is a document you are entitled to read. The complex itself is sound: ready, occupied, on a corridor with real commercial depth, and with nil GST because it is complete. What is not sound is buying at Rs 38,000 per sq ft on the strength of a rent you have not verified, when a vacant unit two doors down is being offered at a rate that would halve your return.

In short: about Rs 38,000 per sq ft, a yield of 5.4 per cent on the pre-leased evidence and 2.8 per cent on the vacant asking rate, and a lease deed standing between those two numbers.

For the same sector at a different address, our page on Elan Empire in Sector 66 covers a shop product quoted by the square foot rather than by the ticket, which is the cleaner comparison. For the office side of the same trade, see offices for sale in Omaxe Gurgaon Mall, and for an older anchor unit with a settled rent, the M2K anchor shop in Sector 51.