Sector 23, Gurgaon, presents a dynamic real estate market with an average asking price of ₹15,447 per sq ft. The market shows a positive price trend, with prices rising from ₹10,525 per sq ft in June 2025 to ₹15,447 per sq ft by March 2026. Rental yields stand at a promising 2.18%, with average studio apartments renting for ₹22,486 per month and 1 BHK units fetching ₹26,528 per month, indicating strong rental demand.
Sector 23 in Gurgaon is experiencing a notable upswing in property values, with the average asking price currently at ₹15,447 per sq ft. This upward trajectory is evident in the quarterly price trends, which show a consistent increase from ₹10,525 per sq ft in June 2025 to ₹15,447 per sq ft by March 2026, surpassing the micromarket rate in recent quarters. Rental demand remains robust, contributing to a rental yield of 2.18%. The rental market is segmented, with studio apartments commanding an average of ₹22,486 per month and 1 BHK units averaging ₹26,528 per month. Villas are priced higher at an average of ₹34 per sq ft, while apartments are available at ₹28 per sq ft. Notably, the "New Launch" property status shows a significant price increase of 25.16% to ₹8,477 per sq ft, contrasting with the "Well Occupied" status at ₹15,520 per sq ft. Among neighboring areas, Sector 2 commands the highest rental rates at ₹31 per sq ft, followed by Palam Vihar Extension at ₹27 per sq ft.
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The property market in Sector 23, Gurgaon, is demonstrating a healthy upward price trend. Quarterly data indicates a consistent rise in location rates, starting from ₹10,525 per sq ft in June 2025 and climbing to ₹15,447 per sq ft by March 2026. This growth significantly outpaces the micromarket rates in the latter part of the forecast period, suggesting strong localized demand and value appreciation within Sector 23 itself.
Sector 23's real estate market offers distinct price points for different property types. Apartments, the dominant segment, are priced at ₹15,447 per sq ft, reflecting a 6.57% increase. Villas, however, are priced significantly higher at ₹24,550 per sq ft, though they have experienced a notable decline of -17.85%. This suggests a premium for villa living despite a recent market adjustment.
The property status in Sector 23 reveals interesting market dynamics. 'Well Occupied' properties, representing immediate availability, are priced at ₹15,520 per sq ft with a modest 2.47% increase. In contrast, 'New Launch' projects are available at a more accessible ₹8,477 per sq ft, yet they show a remarkable surge of 25.16%, indicating strong buyer interest and potential for future appreciation.
Sector 23 in Gurgaon commands an average asking price of ₹15,447 per sq ft, positioning it as a significant market within the region. Neighboring areas show varied price points; Sector 22, for instance, is priced higher at ₹21,467 per sq ft, while Sector 23A is considerably more affordable at ₹6,535 per sq ft. Areas like Palam Vihar hover around ₹11,844 per sq ft, indicating Sector 23's premium standing. Carterpuri Village and Sector M 1 offer mid-range options around ₹10,000 per sq ft, providing diverse investment opportunities within proximity.
Premium residential developments in Sector 23 are setting high benchmarks for asking prices. Ansal Plaza Sector-23, located in central Gurgaon, is currently priced at ₹15,520 per sq ft, showing a 2.47% increase. MDS Jai Shri, also in Sector 23, is priced at ₹8,477 per sq ft, reflecting a substantial 25.16% growth. These projects represent key investment opportunities for buyers seeking value and growth potential in prime locations.
Ansal Plaza Sector-23, a key residential project in Sector 23, offers rentals at ₹26 per sq ft with a 4% year-on-year increase. MDS Jai Shri, another notable project, has current rental rates of ₹23 per sq ft with no change reported. Dwarkadhis City, also in Sector 23, shows a decrease of -27.59% in rental rates, now averaging ₹21 per sq ft.
Rental rates in Sector 23 are structured across various BHK configurations, with studio apartments averaging ₹22,486 per month and 1 BHK units fetching ₹26,528 per month. Demand increases with size, as 2 BHK apartments command ₹34,985 per month, 3 BHKs are at ₹48,690 per month, and larger 4 and 5 BHK units are priced at ₹61,470 and ₹1.12 Lakh per month, respectively. These rates reflect the diverse rental needs within the residential apartment segment.
Rental rates in the vicinity of Sector 23 show varied performance. Sector 2 leads with an average rental rate of ₹31 per sq ft, experiencing a 6.9% increase. Palam Vihar Extension and Noble Enclave are priced at ₹27 per sq ft, while Sector 22b and Palam Vihar offer rates of ₹27 and ₹24 per sq ft, respectively. Sector 23a registers at ₹25 per sq ft, indicating a competitive rental landscape across these neighboring areas.
In Sector 23, apartments are available for rent at an average of ₹28 per sq ft, showing a slight decrease of -3.45%. Villas, on the other hand, command higher rental rates at ₹34 per sq ft, with a modest increase of 3.03%. This segmentation highlights a preference for villas among renters seeking larger spaces, despite apartments forming the bulk of the rental market.
As of March 2026, the average asking price in Sector 23, Gurgaon, stands at ₹15,447 per sq ft. This represents a notable appreciation of 6.57% from the previous period, indicating a positive trend in property values within the locality.
Property prices in Sector 23, Gurgaon, have shown a significant upward trajectory over the past year. From June 2025 to March 2026, the average location rate increased from ₹10,525 per sq ft to ₹15,447 per sq ft. This upward movement, particularly the substantial jump from Sep 2025 to Mar 2026, suggests growing demand and potentially a strengthening market.
Sector 23, Gurgaon, has an average asking price of ₹15,447 per sq ft as of March 2026. This is higher than several surrounding micromarkets, such as Sector 1 (₹7,221 per sq ft) and Carterpuri Village (₹10,174 per sq ft), which have seen no change in rates. However, Sector 22 commands a higher average rate at ₹21,467 per sq ft, having appreciated by 2.31%.
In Sector 23, Gurgaon, apartments are priced at an average of ₹15,447 per sq ft as of March 2026, showing a 6.57% appreciation. Villas, on the other hand, are priced higher at ₹24,550 per sq ft, but have experienced a significant depreciation of 17.85% over the comparable period, suggesting a shift in demand or market dynamics between these property types.
In Sector 23, Gurgaon, 'Well Occupied' properties have an average price of ₹15,520 per sq ft as of March 2026, with a modest appreciation of 2.47%. In contrast, 'New Launch' properties are priced lower at ₹8,477 per sq ft, but have seen a substantial increase of 25.16%, indicating strong initial interest and potential for future growth in newly launched projects.
As of March 2026, Ansal Plaza Sector-23 in Sector 23, Gurgaon, has the highest listing rate at ₹15,520 per sq ft, showing a 2.47% appreciation. Following this is MDS Jai Shri, also in Sector 23, with a listing rate of ₹8,477 per sq ft, which has seen a significant 25.16% increase. These rates reflect the current market positioning of these projects.
The average rental rate in Sector 23, Gurgaon, is ₹28 per sq ft as of March 2026. With an average sale price of ₹15,447 per sq ft, the rental yield stands at 2.18%. This yield suggests the potential return on investment for property owners through rental income relative to the capital invested in purchasing property in this area.
In Sector 23, Gurgaon, rental costs vary significantly by BHK configuration. As of March 2026, Studio apartments rent for an average of ₹22,486 per month, while 1 BHK units are around ₹26,528. Larger configurations command higher rents, with 2 BHK apartments averaging ₹34,985, 3 BHKs at ₹48,690, 4 BHKs at ₹61,470, and 5 BHKs reaching ₹1.12 Lakh per month, reflecting the demand for varied living spaces.
Rental rates around Sector 23, Gurgaon, show considerable variation. Sector 2, for instance, has the highest average rental rate at ₹31 per sq ft, appreciating by 6.9%. Palam Vihar Extension and Noble Enclave are at ₹27 per sq ft. In contrast, Choma shows a significantly lower average rental rate of ₹19 per sq ft, having depreciated by 36.67%, indicating a more affordable rental market in that specific area.
As of March 2026, apartments in Sector 23, Gurgaon, have an average rental rate of ₹28 per sq ft, which has seen a slight depreciation of 3.45%. Villas, however, command a higher rental rate of ₹34 per sq ft, with a positive appreciation of 3.03%. This suggests that villas are currently more in demand for rentals or offer a premium compared to apartments in this locality.
Among the projects in Sector 23, Gurgaon, Ansal Plaza Sector-23 is listed with the highest current rental rate at ₹26 per sq ft, showing a 4% appreciation. MDS Jai Shri follows with a rental rate of ₹23 per sq ft and no change in rate. Dwarkadhis City is also listed, with a rental rate of ₹21 per sq ft, but has experienced a significant depreciation of 27.59%.
In Sector 23, Gurgaon, the current average asking price is ₹15,447 per sq ft as of March 2026. The provided data indicates that the Government Registration Rate is ₹0 per sq ft. This significant difference suggests that the listed asking prices do not directly reflect government-mandated registration values, a common scenario in many real estate markets.
Sector 23, Gurgaon, shows a mixed picture for end-users and investors as of March 2026. The average asking price has appreciated by 6.57% to ₹15,447 per sq ft, indicating capital appreciation potential for investors. However, the rental yield is 2.18%, which might be considered moderate. End-users may find the variety of BHK configurations and the overall price appreciation appealing, while investors should weigh the yield against the capital growth prospects.
As of March 2026, 'New Launch' properties in Sector 23, Gurgaon, are priced at ₹8,477 per sq ft, but have experienced a substantial 25.16% appreciation. This contrasts with 'Well Occupied' properties, which are priced higher at ₹15,520 per sq ft and have appreciated by a more modest 2.47%. The significant growth in new launches suggests strong market absorption and potential for future value appreciation in these newer developments.
Property Valuation 
