Property rates in Sector 23 average ₹15,450 per sq ft, reflecting a positive growth trend of 6.57%. The area features a mix of established residential options, such as Ansal Plaza Sector-23, alongside emerging new launches like MDS Jai Shri. With a rental yield of 2.17% and diverse housing options ranging from compact studios to spacious 5 BHK apartments, this location remains a significant residential hub within central Gurgaon.
Insights for Sector 23, Gurgaon Real Estate Market Overview
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.
Property values have shown a significant increase, rising to ₹15,450 per sq ft.
New launch projects like MDS Jai Shri are currently priced at ₹8,500 per sq ft, reflecting a 25.16% growth.
Rental rates for larger living spaces reach up to ₹1.12 Lakh per month for 5 BHK apartments.
The location maintains a rental yield of 2.17%, supported by diverse inventory including studio and multi-bedroom units.
Market Strengths
Strong capital appreciation in the apartment segment with a 6.57% increase.
Diverse rental portfolio ranging from ₹22,500 to ₹1.12 Lakh per month.
High growth observed in new launch projects at 25.16%.
Stable pricing in well-occupied residential developments.
Competitive rental yield of 2.17% for residential units.
Market Challenges
Villa property types have experienced a price correction of -17.85%.
Average rental rates for apartments have seen a slight decline of -3.45%.
Investment Opportunities
New launch projects offer a significant 25.16% growth potential at an entry price of ₹8,500 per sq ft.
The 2.17% rental yield provides a steady income stream for investors holding residential assets.
Studio apartments at ₹22,500 per month serve as a low-entry investment for the rental market.
Well-occupied projects like Ansal Plaza Sector-23 maintain a stable price growth of 2.47%.
Top Localities in Sector 23, Gurgaon
Sector 21
Avg Price₹ 10,750 /sqft
Avg Rent₹ 26 /sq
ft
YIELD
+ 2.90
LISTINGS
33
Sector M 1
Avg Price₹ 10,250 /sqft
LISTINGS
5
Sector 1
Avg Price₹ 7,200 /sqft
Avg Rent₹ 29 /sq
ft
YIELD
+ 4.83
LISTINGS
10
Price Trend
Sector 23, Gurgaon Property Price Trends and Appreciation
Property rates in Sector 23 have climbed steadily, moving from ₹10,550 per sq ft in June 2025 to ₹15,450 per sq ft by March 2026. This consistent upward trajectory highlights strong demand and growing investor confidence in the locality. The micromarket has also seen a corresponding rise, further confirming the region's overall market strength.
The surrounding micromarkets present a varied pricing landscape compared to Sector 23's average of ₹15,450 per sq ft. Sector 22 commands a premium at ₹21,450 per sq ft, while Palam Vihar Extension stands at ₹17,400 per sq ft. Conversely, options like Palam Vihar and Sector 2 are available at lower price points of ₹11,850 and ₹12,650 per sq ft, respectively. This range allows investors to choose between premium established sectors and more accessible residential pockets.
Sector 23 offers distinct residential segments that cater to different buyer needs. Apartments are the primary choice, averaging ₹15,450 per sq ft with a 6.57% increase. Meanwhile, villas are priced at ₹24,550 per sq ft, reflecting a market shift of -17.85%.
The market provides options for both immediate occupancy and future investment. Well-occupied projects average ₹15,500 per sq ft, showing a 2.47% increase, which appeals to those looking for ready homes. New launch developments are available at ₹8,500 per sq ft, marking a notable 25.16% growth for buyers planning for the future.
Project & Developer Insights
Top Residential Projects and Developers in Sector 23
Top Projectsin Sector 23
Shapoorji Pallonji The Dualis is the top project in Sector 23 with prices from ₹ 5.70 Cr to 7.20 Cr.
Premium residential choices in Sector 23 are anchored by notable projects that set the local pricing benchmark. Ansal Plaza Sector-23 is priced at ₹15,500 per sq ft, showing a 2.47% increase. MDS Jai Shri offers a more accessible entry point at ₹8,500 per sq ft, having experienced a significant 25.16% growth.
Key residential projects drive the rental market in Sector 23. Ansal Plaza Sector-23 leads with a current rental rate of ₹26 per sq ft and a 4% increase. MDS Jai Shri follows with a rate of ₹23 per sq ft, while Dwarkadhis City is priced at ₹21 per sq ft after a -27.59% change.
Rental Trends
Rental Trends and Average Rent in Sector 23, Gurgaon
Rental demand spans a wide spectrum of configurations, with studio apartments averaging ₹22,500 per month. Larger families can opt for 3 BHK units at ₹48,700 per month or expansive 5 BHK homes reaching ₹1.12 Lakh per month. Rental rates across the vicinity remain consistent, with areas like Sector 23a and Palam Vihar Extension averaging ₹50 per sq ft. While most neighboring sectors maintain steady rates, some have seen fluctuations, such as Sector 1 rising by 16% and Choma experiencing a -36.67% change. The rental market shows varied performance across property types in Sector 23. Apartments average ₹50 per sq ft with a -3.45% change, while villas also hold at ₹50 per sq ft, showing a 3.03% increase. Key residential projects drive the rental market in Sector 23. Ansal Plaza Sector-23 leads with a current rental rate of ₹26 per sq ft and a 4% increase. MDS Jai Shri follows with a rate of ₹23 per sq ft, while Dwarkadhis City is priced at ₹21 per sq ft after a -27.59% change.
Rental demand spans a wide spectrum of configurations, with studio apartments averaging ₹22,500 per month. Larger families can opt for 3 BHK units at ₹48,700 per month or expansive 5 BHK homes reaching ₹1.12 Lakh per month.
Rental rates across the vicinity remain consistent, with areas like Sector 23a and Palam Vihar Extension averaging ₹50 per sq ft. While most neighboring sectors maintain steady rates, some have seen fluctuations, such as Sector 1 rising by 16% and Choma experiencing a -36.67% change.
The rental market shows varied performance across property types in Sector 23. Apartments average ₹50 per sq ft with a -3.45% change, while villas also hold at ₹50 per sq ft, showing a 3.03% increase.
Frequently Asked Questions About Property Rates in Sector 23, Gurgaon
What is the current average asking price in Sector 23, 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.
How have property price trends in Sector 23 evolved recently?
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.
How do property rates in Sector 23 compare to other nearby areas?
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.
What is the price difference between apartments and villas in Sector 23?
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.
How does property status affect pricing in Sector 23?
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.
What is the average rental rate and rental yield for properties in Sector 23?
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.
What are the typical monthly rental rates for different BHK configurations in Sector 23?
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.
Which projects in Sector 23 command the highest rental rates?
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.
How should investors interpret the rental yield data for Sector 23?
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.
How do rental rates for apartments and villas compare in Sector 23?
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.
What does the price trend data suggest for someone looking to buy in Sector 23?
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.
Are there any notable price differences between micromarkets near Sector 23?
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%.
