Gurgaon
Sector 23 has established itself as a resilient residential hub in Gurgaon, characterized by consistent pricing and a diverse range of property options. The market has seen a notable shift in value over the last year, with apartment prices and villa segments responding to changing buyer demand. Rental demand remains healthy, supported by a variety of unit configurations ranging from studio apartments to spacious 6 BHK homes, catering to a wide demographic of residents. The presence of well-established projects ensures a steady supply of quality housing, while new launches provide entry-level opportunities for those looking to invest in the area's future growth.
As of June 2026, the average asking price in Sector 23 is ₹15,450 per sq ft. This figure reflects an appreciation of 6.57% compared to the previous period, indicating a positive trend in property valuation within this locality.
Property price trends in Sector 23 have shown significant movement over the past year. As of June 2026, the location rate stands at ₹14,200 per sq ft, following a period of fluctuation where rates were recorded at ₹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. These shifts suggest a dynamic market environment that investors and buyers should monitor closely.
The average asking price in Sector 23, currently at ₹15,450 per sq ft, sits in the mid-to-high range compared to its neighbours. For instance, Sector 22 commands a higher rate of ₹21,450 per sq ft (up 2.31%), while Palam Vihar offers a more accessible entry point at ₹11,850 per sq ft, which has appreciated by 5.43%. Other surrounding areas like Sector 111 and Sector 113 are priced at ₹16,150 per sq ft and ₹15,750 per sq ft respectively, showing the relative positioning of Sector 23 in the broader regional market.
As of June 2026, there is a distinct pricing gap between property types in Sector 23. Villas are currently priced at an average of ₹24,550 per sq ft, which represents a depreciation of 17.85% compared to the previous period. In contrast, apartments are priced at ₹14,200 per sq ft, reflecting a depreciation of 7.95% over the same timeframe.
Property rates in Sector 23 vary significantly based on the development status of the project as of June 2026. Well-occupied properties command an average price of ₹15,500 per sq ft, showing an appreciation of 2.47%. Meanwhile, new launch projects are priced at ₹9,150 per sq ft, which has seen a substantial appreciation of 35.45% compared to the previous period, signaling strong interest in emerging supply.
The rental market in Sector 23 currently features an average rental rate of ₹28 per sq ft, which has seen a depreciation of 3.45% as of June 2026. The area offers a rental yield of 2.17%, a key metric for investors to consider when evaluating the income-generating potential of their property against the current capital investment required for ownership.
Rental rates in Sector 23 vary significantly by unit size as of June 2026. Monthly rents start at ₹22,500 for a Studio and ₹22,800 for a 1 BHK, scaling up to ₹32,500 for a 2 BHK and ₹55,450 for a 3 BHK. For larger requirements, 4 BHK units average ₹69,000 per month, while premium 5 BHK and 6 BHK configurations command significantly higher rents of ₹1.12 Lakh and ₹2.33 Lakh per month, respectively.
As of June 2026, the top projects by rental rates in Sector 23 include Ansal Plaza Sector-23, which has a current rental rate of ₹26 per sq ft (up 4%), followed by MDS Jai Shri at ₹23 per sq ft (stable at 0% change), and Dwarkadhis City at ₹21 per sq ft (which has seen a depreciation of 27.59%). These projects represent the primary rental supply in the locality, with rates reflecting their specific amenities and positioning within the micromarket.
The rental yield of 2.17% in Sector 23, as of June 2026, serves as a benchmark for investors to assess the annual return on investment from rental income relative to the property's purchase price. While this yield provides a baseline for income potential, investors should balance it against the current capital appreciation trends and the specific property type—such as apartments versus villas—to determine the overall suitability of the investment for their portfolio.
The top projects by listing rates in Sector 23 as of June 2026 are Ansal Plaza Sector-23, priced at ₹15,500 per sq ft with an appreciation of 2.47%, and MDS Jai Shri, priced at ₹9,150 per sq ft, which has experienced a notable appreciation of 35.45%. These projects highlight the range of price points available in the locality, catering to different segments of the residential market.
