The Sector 48 Gurgaon Office Market Overview highlights how the corporate belt along Sohna Road is maturing into one of Gurugram’s most active commercial corridors. Strong connectivity around Subhash Chowk, a rising stock of Grade A towers, and highly competitive rentals have driven a 133% QoQ increase in office transactions in Q1 2025. With upcoming metro projects and sustained corporate demand, Sector 48 is increasingly positioning itself as a cost-effective alternative to Golf Course Road and Cyber City.

If you’re evaluating the broader Gurugram office market and want to zoom in on Sector 48, this overview gives you a crisp, structured look at its micro-markets, buildings, rentals, and future outlook.

Sector 48 Gurgaon Office Market Overview: Connectivity & Access

Sector 48 benefits from being at the heart of the Sohna Road–Subhash Chowk growth corridor, with direct and indirect access to Gurugram’s top business hubs.

Key connectivity highlights:

Direct access to Subhash Chowk,

• National Highway 48 (NH-48)
• Golf Course Extension Road
• Sectors 47–49 residential and commercial belts

Proximity to major office hubs:

• Golf Course Road
• Cyber Hub / Cyber City
• MG Road
• Udyog Vihar

Upcoming metro connectivity:

• The planned Millennium City Centre–Cyber City metro line will include a station at Subhash Chowk, enhancing last-mile connectivity and making Sector 48 even more attractive for occupiers.

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Sector 48 Gurgaon Office Market Overview: Key Commercial Clusters

Sector 48 is not a single homogeneous office pocket; it is a blend of high-visibility frontage, campus-style IT parks, and inner mixed-use office streets. Broadly, occupiers can look at four key zones:

1. Subhash Chowk Frontage Zone
2. Sohna Road Central Commercial Belt
3. Tikri / Candor TechSpace Cluster
4. Inner Mixed-Use Business Pockets Near Residential Areas

Let’s break each down.

Subhash Chowk Frontage Zone

Key Buildings:

• Bestech Business Tower
• JMD Megapolis

This is the most visible commercial face of Sector 48 office spaces, located right on Subhash Chowk. It offers:

• Direct visibility from NH-48
• Seamless access to Southern Peripheral Road (SPR)
• Immediate adjacency to dense mid- to high-income residential catchments

Office Towers at a Glance

This zone suits occupiers looking for front-facing branding, easy commuter access, and a mix of mid- to large-format office options.

Sohna Road Central Commercial Belt

Key Buildings:

• Capital Business Park – Tower B
• Spaze Edge (and surrounding mixed commercial strip)

This belt is ideal for companies keen to avoid Golf Course Road-level rentals while still enjoying modern, premium-grade amenities and a strong corporate environment.

Office Towers at a Glance

This micro-zone is particularly suitable for GCCs, enterprise back-offices, and premium SMEs seeking sustainable buildings and easy amenities.

Tikri / Candor TechSpace Cluster

Key Buildings:

• Candor TechSpace (48/Tikri)

• Welldone Tech Park

This is the largest concentration of offices within Sector 48 and functions as a full-fledged IT/ITeS campus cluster, appealing to large-format occupiers.

Office Towers at a Glance

Ideal for enterprises scaling up in tech, ITES, and shared services, this cluster enables campus-style expansion, integrated amenities, and efficient large-floor configurations.

Sector 48 Gurgaon Office Market Overview: Inner Mixed-Use Pockets

Key Building Types:

• Local commercial blocks in Premium Floors area

• Standalone offices along inner sector roads

This stretch forms the inner commercial fabric of Sector 48—compact, neighborhood-oriented, and dominated by plug-and-play units adjacent to residential communities.

Office Stock at a Glance

These pockets are preferred by startups, healthcare practices, boutique agencies, and local offices that value proximity over large-scale corporate campuses and want to avoid daily congestion.

Rental Price Trends in Sector 48 Gurgaon

The following rates are indicative, based on third-party platforms. Realsta does not guarantee these prices. For current, asset-specific numbers, please speak to us directly.

Overall, Grade A rentals in Sector 48 remain competitive, especially versus saturated corridors like Golf Course Road and Cyber City, allowing occupiers to optimize both cost and quality.

Commercial Growth Drivers in Sector 48 Gurgaon

Several structural and cyclical factors are pushing Sector 48 commercial offices into a strong growth phase:

Increasing corporate demand

• Realsta’s Q1 2025 market activity report indicates a 133% quarter-on-quarter jump in office transactions along this corridor, underlining robust occupier interest.

Proximity to leading hubs

• Through Subhash Chowk and the Sohna Road–NH-48 spine, Sector 48 connects efficiently to Golf Course Road, Cyber City, MG Road, and Udyog Vihar, giving companies multi-corridor access.

Upcoming infrastructure & continuous upgradation

• Road improvements and the proposed metro line with a station at Subhash Chowk are steadily enhancing accessibility and long-term asset value.

Presence of flexible office formats

• From coworking units and small commercial suites to large Grade A floor plates, Sector 48 offers flexible leases, varied sizes, and plug-and-play options, aligning with the new-age occupier’s need for agility.

Leasing Comparison: Sector 48 vs Other Prime Corridors

The Sector 48 Gurgaon Office Market Overview shows a corridor that is:

• More affordable than premium zones like Golf Course Road
• Still offering sufficient vacancy for expansion and new entries
• Experiencing higher leasing momentum, especially among value-seeking occupiers

This combination of competitive rentals + available supply + growth in demand positions Sector 48 as a strategic hub for both new entrants and relocating corporates.

Future Outlook for Sector 48 Gurgaon Commercial Real Estate

Short-Term (0–2 Years)

• Continued absorption of existing inventory, especially Grade A and campus-style assets

• Gradual rental appreciation as vacancy tightens in better-located buildings

• Material improvement in metro and suburban connectivity, further strengthening occupier confidence

Medium-Term (3–5 Years)

• Planned and organic campus expansion along the Sohna Road corridor

• Rising share of GCCs, shared services, and tech back-offices choosing Sector 48 over more expensive hubs

• Rental growth trajectory likely to surpass some neighbouring corridors, especially where current rentals are already at the upper end of the spectrum

Summary

This Sector 48 Gurgaon Office Market Overview has outlined the major commercial pockets, key buildings, indicative rentals, and the growth story of the micro-market. Sector 48 is steadily evolving into a high-conviction office destination with:

• Strong Subhash Chowk–centric connectivity
• A rich mix of frontage offices, IT campuses, and inner mixed-use pockets
• Competitive Grade A rentals compared to saturated and premium-priced hubs
• A robust pipeline of demand from IT/ITeS, GCCs, BFSI, consulting, and startups

Overall, the outlook for Sector 48 is decidedly positive, with multiple Grade A assets emerging to bridge the gap left by constrained supply in Golf Course Road, Cyber City, and other established hubs.

About Realsta

With over ₹1,360 crore in advised capital and 22 lakh sq. ft. of commercial real estate in Gurugram, Realsta focuses on disciplined, high-conviction CRE investments across the city’s most active micro-markets.

By combining:

• Deep on-ground operating insight
• Local market intelligence
• Strong capital deployment capabilities

Realsta curates, builds, and scales strategic commercial real estate assets in Gurgaon that deliver sustainable, long-term value for both occupiers and investors.