Property rates in Sector 23 average ₹14,550 per sq ft. This central Gurgaon location has seen recent price adjustments, reflecting a dynamic residential landscape. The market offers a range of living options, from well-occupied residential units to new launch projects that have seen significant price appreciation. With a rental yield of 2.31%, the area continues to attract interest from both homebuyers and investors looking for established, well-connected residential hubs in Gurgaon.
Insights for Sector 23, Gurgaon Real Estate Market Overview
Sector 23 is a well-established residential pocket in central Gurgaon, characterized by a mix of ready-to-move and new-launch housing options. Price trends have shown moderate fluctuations over the recent quarters, aligning with broader market corrections while maintaining steady demand for diverse property types. The rental market is particularly active, offering a range of configurations from studios to spacious 6 BHK units to accommodate varied tenant requirements. Recent project developments indicate a healthy supply pipeline, with specific projects showing strong growth in capital values.
Average property rates in Sector 23 currently stand at ₹14,550 per sq ft.
The rental yield in this sector is 2.31%, with average monthly rents for 3 BHK units reaching ₹48,000.
New launch projects have experienced a notable price increase of 41.7%, reaching ₹13,000 per sq ft.
Rental rates for apartments and villas are consistent at ₹50 per sq ft across several surrounding areas.
Ansal Plaza Sector-23 remains a key project, with a current rental rate of ₹26 per sq ft.
Market Strengths
A diverse residential rental market with options ranging from studios to 6 BHK units.
Strong capital growth in the new launch segment at 41.7%.
A stable rental yield of 2.31% for residential properties.
Competitive rental rates for 1 BHK and 2 BHK units at ₹23,900 and ₹33,850 per month, respectively.
Proximity to established areas like Sector 22, which maintains a high price benchmark of ₹21,250 per sq ft.
Market Challenges
The villa segment has seen a price adjustment of -17.85%, indicating a cooling demand for high-end independent units.
Well-occupied residential projects have experienced a -8.61% shift in asking rates.
The broader property market in Sector 23 reflects a -5.83% change, suggesting a period of price consolidation.
Investment Opportunities
The 2.31% rental yield offers a steady income stream for investors in the residential apartment segment.
New launch projects in Sector 23 have demonstrated strong capital appreciation of 41.7%.
Studio apartments are available at an average monthly rent of ₹16,950, catering to the growing demand for compact living spaces.
Investors can target 3 BHK units, which command an average monthly rent of ₹48,000, reflecting strong tenant demand.
Top Localities in Sector 23, Gurgaon
Sector 21
Avg Price₹ 10,750 /Sq.Ft.
Avg Rent₹ 21 /Sq.Ft.
YIELD
+ 2.34
LISTINGS
3
Sector M 1
Avg Price₹ 10,250 /Sq.Ft.
LISTINGS
3
Sector 1
Avg Price₹ 7,200 /Sq.Ft.
Avg Rent₹ 31 /Sq.Ft.
YIELD
+ 5.17
LISTINGS
14
Price Trend
Sector 23, Gurgaon Property Price Trends and Appreciation
Property rates in Sector 23 have experienced slight shifts, with the average rate moving from ₹14,500 in late 2025 to ₹14,600 by September 2026. This trend highlights a stabilizing market environment after reaching a peak of ₹15,450 per sq ft in March 2026. These quarterly movements reflect the balance between buyer demand and the influx of new residential supply in central Gurgaon.
The surrounding micro-markets exhibit varied price points, reflecting the diverse nature of Gurgaon's real estate. Sector 22 commands a premium at ₹21,250 per sq ft, while Sector 111 also maintains a higher price bracket at ₹16,900 per sq ft. In contrast, locations such as Palam Vihar and Sector 2 offer more accessible entry points at ₹12,600 and ₹12,300 per sq ft, respectively. These differences provide potential buyers with a wide spectrum of investment choices based on their budget and proximity preferences.
Sector 23 provides a range of residential options tailored to different lifestyle needs. Apartments currently average ₹14,600 per sq ft, showing a stable growth of 0.34%. Meanwhile, the villa segment is priced at ₹24,550 per sq ft, experiencing a market adjustment of -17.85%, which highlights the premium nature of independent housing in the area.
The market in Sector 23 offers flexibility for buyers at different stages of property ownership. New launch projects are currently priced at ₹13,000 per sq ft, marking a substantial increase of 41.7%. Conversely, well-occupied projects average ₹14,200 per sq ft with a -8.61% adjustment, while ready-to-move inventory is available at ₹8,850 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in Sector 23
Top Projectsin Sector 23
Lodha Golf Course Road is the top project in Sector 23.
Premium residential developments in Sector 23 set the benchmark for the local market. MDS Jai Shri leads with a significant price growth of 41.7%, now priced at ₹13,000 per sq ft. Ansal Plaza Sector-23 is another notable development at ₹14,200 per sq ft, while Dwarkadhis City provides an entry-level option at ₹8,850 per sq ft.
Project Name
Rate (₹/Sq.Ft)
Change %
Ansal Plaza Sector-23, Sector 23
26
4
Mds Jai Shri, Sector 23
23
-
Dwarkadhis City, Sector 23
21
-27.6
Top projects such as Ansal Plaza Sector-23 show strong rental performance with a 4% year-on-year increase, currently at ₹26 per sq ft. MDS Jai Shri maintains a stable rental rate of ₹23 per sq ft, while Dwarkadhis City has seen a -27.59% shift, currently priced at ₹21 per sq ft.
Rental Trends
Rental Trends and Average Rent in Sector 23, Gurgaon
Rental options in Sector 23 are varied, with monthly rates starting at ₹16,950 for studios. Larger configurations such as 4 BHK units average ₹70,300, while expansive 6 BHK homes command up to ₹2.38 Lakh per month, catering to diverse tenant preferences in the residential sector. Rental rates across neighboring areas are consistent, with locations like Sector 1, Carterpuri Village, and Sector 23a all averaging ₹50 per sq ft. While most areas maintain stable pricing, Sector 22 and Sector 22b have seen rental adjustments of -15.62% and -3.85%, respectively. The rental market for both apartments and villas in Sector 23 is currently positioned at an average of ₹50 per sq ft. Both segments have experienced year-on-year rental changes of -17.86% for apartments and -11.43% for villas. Top projects such as Ansal Plaza Sector-23 show strong rental performance with a 4% year-on-year increase, currently at ₹26 per sq ft. MDS Jai Shri maintains a stable rental rate of ₹23 per sq ft, while Dwarkadhis City has seen a -27.59% shift, currently priced at ₹21 per sq ft.
Rental options in Sector 23 are varied, with monthly rates starting at ₹16,950 for studios. Larger configurations such as 4 BHK units average ₹70,300, while expansive 6 BHK homes command up to ₹2.38 Lakh per month, catering to diverse tenant preferences in the residential sector.
Rental rates across neighboring areas are consistent, with locations like Sector 1, Carterpuri Village, and Sector 23a all averaging ₹50 per sq ft. While most areas maintain stable pricing, Sector 22 and Sector 22b have seen rental adjustments of -15.62% and -3.85%, respectively.
The rental market for both apartments and villas in Sector 23 is currently positioned at an average of ₹50 per sq ft. Both segments have experienced year-on-year rental changes of -17.86% for apartments and -11.43% for villas.
Frequently Asked Questions About Property Rates in Sector 23, Gurgaon
What is the current average asking price in Sector 23, Gurgaon?
As of September 2026, the average asking price in Sector 23 is ₹14,550 per sq ft. This figure reflects a depreciation of 5.83% compared to the previous period, indicating a market correction in the locality.
How have property prices in Sector 23 trended over the last year?
Property prices in Sector 23 have shown a fluctuating trajectory throughout 2026. Data from September 2026 shows an average rate of ₹14,600 per sq ft, following a rise from ₹14,550 per sq ft in June 2026, a dip to ₹15,450 per sq ft in March 2026, and a base of ₹14,500 per sq ft in December 2025. This movement suggests a volatile market environment where buyers should monitor quarterly shifts closely before finalizing investment decisions.
What is the price difference between apartments and villas in Sector 23?
As of September 2026, apartments in Sector 23 command an average price of ₹14,600 per sq ft, which has appreciated by 0.34% compared to the prior period. In contrast, villas are priced at ₹24,550 per sq ft, reflecting a significant depreciation of 17.85% over the same timeframe. This stark difference highlights that villas currently represent a higher-premium segment that has seen a sharper price adjustment.
How do property rates in Sector 23 compare to nearby areas?
Property rates in Sector 23, currently at ₹14,550 per sq ft, sit in the mid-range when compared to surrounding localities. Nearby, Sector 22 commands a higher average of ₹21,250 per sq ft (depreciated by 1.1%), while Sector 111 is priced at ₹16,900 per sq ft (appreciated by 4.6%). More affordable options are available in Palam Vihar at ₹12,600 per sq ft (appreciated by 6.27%) and Sector 2 at ₹12,300 per sq ft (depreciated by 2.68%), providing a range of entry points for different budgets.
What is the rental yield in Sector 23 and what does it signify for investors?
The rental yield in Sector 23 stands at 2.31% as of September 2026. This percentage represents the annual rental income relative to the property's capital value, serving as a key metric for investors to assess the income-generating potential of their residential assets in the area.
What is the typical monthly rent for different BHK configurations in Sector 23?
Rental rates in Sector 23 vary significantly by unit size as of September 2026. Studio apartments average ₹16,950 per month, while 1 BHK units are at ₹23,900 per month. Larger configurations see higher demand, with 2 BHK units at ₹33,850, 3 BHK units at ₹48,000, 4 BHK units at ₹70,300, 5 BHK units at ₹1.12 Lakh, and 6 BHK units reaching ₹2.38 Lakh per month. This tiered pricing allows tenants to choose based on space requirements and budget.
Which projects in Sector 23 command the highest rental rates?
As of September 2026, the top projects by rent in Sector 23 include Ansal Plaza Sector-23 at ₹26 per sq ft (appreciated by 4%), MDS Jai Shri at ₹23 per sq ft (stable at 0% change), and Dwarkadhis City at ₹21 per sq ft (depreciated by 27.59%). These rates reflect the premium or utility value associated with these specific developments within the locality.
How does the status of a project affect property rates in Sector 23?
Project status significantly impacts pricing in Sector 23 as of September 2026. Ready To Move projects are priced at ₹8,850 per sq ft (stable at 0% change), while Well Occupied projects average ₹14,200 per sq ft (depreciated by 8.61%). New Launch projects are currently at ₹13,000 per sq ft, showing a substantial appreciation of 41.7%, which may signal high developer confidence or specific market demand for new inventory.
What are the top residential projects in Sector 23 based on listing rates?
The prominent projects in Sector 23 by listing rates as of September 2026 are Ansal Plaza Sector-23 at ₹14,200 per sq ft (depreciated by 8.61%), MDS Jai Shri at ₹13,000 per sq ft (appreciated by 41.7%), and Dwarkadhis City at ₹8,850 per sq ft (stable at 0% change). These figures provide a snapshot of the current market valuation for these specific residential addresses.
How should a buyer interpret the rental rate differences across property types in Sector 23?
As of September 2026, rental rates for both villas and apartments in Sector 23 are averaging ₹50 per sq ft. However, the trends differ: villa rentals have depreciated by 11.43%, while apartment rentals have seen a sharper depreciation of 17.86%. Investors should note that while the current per-sq-ft rental rate is identical, the recent downward pressure on apartment rents has been more pronounced.
