Gurgaon
Sector 23 presents a dynamic residential market in Gurgaon, characterized by a mix of established occupancy and emerging new projects. While the average apartment rate sits at ₹14,550 per sq ft, the area provides varied entry points for buyers, from ready-to-move projects to premium new launches. Rental activity is equally robust, with a healthy yield and a range of unit configurations catering to different lifestyle needs. The locality remains a key player within the broader central Gurgaon region, maintaining its appeal through strategic infrastructure and consistent project performance.
As of June 2026, the average asking price in Sector 23 is ₹14,550 per sq ft. This figure reflects a market depreciation of 5.83% compared to previous periods, suggesting a softening in demand or an adjustment in seller expectations within this specific locality.
The property price trajectory in Sector 23 has shown volatility over the past year. While the average asking price stood at ₹14,550 per sq ft in June 2026, it was ₹15,450 per sq ft in March 2026, ₹14,500 per sq ft in December 2025, and ₹11,950 per sq ft in September 2025. This indicates a fluctuating market where buyers and investors should carefully monitor quarterly shifts to time their entry effectively.
Property prices in Sector 23 vary significantly compared to neighbouring localities. As of June 2026, Sector 22 commands a higher average asking price of ₹21,250 per sq ft, which has depreciated by 1.1%. Conversely, Sector 2 offers a more accessible entry point at ₹12,300 per sq ft, having seen a depreciation of 2.68%. Understanding these regional price gaps helps investors identify value-for-money opportunities within the broader Central Gurgaon market.
As of June 2026, the average asking price for villas in Sector 23 is ₹24,550 per sq ft, which has experienced a depreciation of 17.85%. In comparison, apartments are priced at an average of ₹14,550 per sq ft, reflecting a depreciation of 5.83% over the same period. This significant price gap highlights the premium associated with villa living in the area compared to standard apartment units.
Property status plays a critical role in pricing within Sector 23 as of June 2026. Ready to move projects are currently priced at ₹8,850 per sq ft, showing stable pricing with 0% change. Well-occupied projects are valued at ₹14,200 per sq ft, reflecting a depreciation of 8.61%, while new launch projects are priced at ₹13,000 per sq ft, having seen a significant appreciation of 41.7%.
As of June 2026, the average rental rate in Sector 23 is ₹28 per sq ft, with rental rates remaining stable at 0% change. The area currently offers a rental yield of 2.31%. For investors, this yield provides a baseline for calculating potential annual income relative to the capital investment required for property acquisition in the locality.
Rental rates in Sector 23 vary by unit size to cater to diverse tenant profiles. As of June 2026, a Studio apartment averages ₹15,950 per month, while 1 BHK units rent for ₹24,650 per month. Larger configurations command higher premiums, with 2 BHK units at ₹36,250, 3 BHK at ₹48,700, 4 BHK at ₹78,900, 5 BHK at ₹1.12 Lakh, and 6 BHK units reaching ₹2.33 Lakh per month. These figures help tenants and landlords align their expectations with current market supply.
As of June 2026, top projects in Sector 23 by rental rates include Ansal Plaza Sector-23 at ₹26 per sq ft (appreciating by 4%), MDS Jai Shri at ₹23 per sq ft (stable at 0% change), and Dwarkadhis City at ₹21 per sq ft (depreciating by 27.59%). These rental rates reflect the project-specific amenities and location advantages that attract tenants in the current market.
The rental yield of 2.31% in Sector 23, as of June 2026, serves as a key indicator for investors evaluating the income-generating potential of residential assets. When compared to the average sale price of ₹14,550 per sq ft, this yield suggests that while the area may be attractive for long-term capital appreciation, rental income should be viewed as a supplementary return. Investors should balance this yield against the current market depreciation of 5.83% to assess the overall investment viability.
As of June 2026, prominent projects in Sector 23 include Ansal Plaza Sector-23, which is listed at ₹14,200 per sq ft (depreciating by 8.61%), MDS Jai Shri at ₹13,000 per sq ft (appreciating by 41.7%), and Dwarkadhis City at ₹8,850 per sq ft (stable at 0% change). These projects represent a mix of price points, allowing potential buyers to choose based on their budget and the specific appreciation or depreciation trends observed in each development.
