Gurgaon
Sector 23 has experienced consistent upward momentum in property values, reaching an average of ₹15,450 per sq ft. The market displays a balanced mix of well-occupied residential projects and new developments that cater to a wide demographic of homebuyers and investors. Rental activity is equally active, with a broad range of BHK configurations ensuring steady demand across the locality. This combination of capital appreciation and consistent rental interest makes the area a notable residential destination in Gurgaon.
As of March 2026, the average asking price in Sector 23 is ₹15,450 per sq ft. This figure reflects an appreciation of 6.57% compared to previous periods, indicating a steady demand for residential properties within this locality.
Property price trends in Sector 23 have shown a consistent upward trajectory from June 2025 to March 2026. The average asking price rose from ₹10,550 per sq ft in June 2025 to ₹11,950 in September 2025, reaching ₹14,500 in December 2025 and finally ₹15,450 per sq ft as of March 2026, signaling strong buyer confidence and sustained market growth.
Property rates in Sector 23, currently at ₹15,450 per sq ft, sit in the mid-to-high range compared to surrounding neighbourhoods. For instance, Sector 22 commands a higher rate of ₹21,450 per sq ft, which has appreciated by 2.31%, while Palam Vihar offers a more accessible entry point at ₹11,850 per sq ft, having appreciated by 5.43% as of March 2026.
As of March 2026, apartments in Sector 23 are priced at an average of ₹15,450 per sq ft, showing an appreciation of 6.57%. In contrast, villas are priced at ₹24,550 per sq ft, which represents a significant depreciation of 17.85% compared to previous periods, suggesting a shift in demand or a correction in the luxury villa segment.
Property status significantly influences pricing in Sector 23, with 'Well Occupied' projects currently averaging ₹15,500 per sq ft, reflecting an appreciation of 2.47% as of March 2026. Meanwhile, 'New Launch' properties are priced at ₹8,500 per sq ft, which has seen a substantial appreciation of 25.16% over the same period, indicating high investor interest in upcoming developments.
As of March 2026, the average rental rate in Sector 23 is ₹28 per sq ft, which has experienced a depreciation of 3.45% compared to previous periods. The locality currently offers a rental yield of 2.17%, a key metric for investors to evaluate the potential annual income relative to the capital investment required for property ownership in this area.
Rental rates in Sector 23 vary by unit size, catering to a diverse tenant base as of March 2026. Monthly rents start at ₹22,500 for a Studio, ₹26,550 for a 1 BHK, ₹35,000 for a 2 BHK, ₹48,700 for a 3 BHK, ₹61,450 for a 4 BHK, and reach ₹1.12 Lakh for a 5 BHK apartment, reflecting the premium commanded by larger living spaces.
Among the prominent projects in Sector 23, Ansal Plaza Sector-23 leads with a current rental rate of ₹26 per sq ft, which has appreciated by 4% as of March 2026. MDS Jai Shri follows with a rate of ₹23 per sq ft, showing stable pricing with 0% change, while Dwarkadhis City is currently at ₹21 per sq ft, having seen a depreciation of 27.59% compared to previous periods.
The rental yield of 2.17% in Sector 23, as of March 2026, serves as a benchmark for investors to assess the income-generating potential of their assets. While the yield provides a snapshot of annual rental returns, investors should weigh this against the capital appreciation trends, such as the 6.57% increase in apartment prices, to determine if the locality aligns with their long-term wealth creation goals.
As of March 2026, both apartments and villas in Sector 23 command an average rental rate of ₹50 per sq ft. While apartment rental rates have seen a depreciation of 3.45%, villa rental rates have appreciated by 3.03%, highlighting a divergence in performance between these two property types in the rental market.
The price trend data for Sector 23, showing a steady rise from ₹10,550 per sq ft in June 2025 to ₹15,450 per sq ft in March 2026, suggests a market with strong, consistent demand. For prospective buyers, this trajectory indicates that waiting to purchase may result in higher entry costs, making it essential to monitor these quarterly fluctuations when planning an investment.
Rental rates across micromarkets near Sector 23 show significant variance as of March 2026. While areas like Sector 1, Sector 23a, and Sector 22 all command an average rental rate of ₹50 per sq ft, their growth trajectories differ; for instance, Sector 1 has seen a 16% appreciation, whereas Choma has experienced a sharp depreciation of 36.67%.
