Property rates in Sector 23 average ₹15,450 per sq ft, reflecting a positive growth trend of 6.57% for apartment units. This area in Gurgaon remains a focal point for residential interest, supported by an average rental yield of 2.17%. With rental rates for larger configurations like 5 BHK units reaching ₹1.12 Lakh per month, the locality presents a stable environment for both homeowners and investors seeking long-term value.
Insights for Sector 23, Gurgaon Real Estate Market Overview
Sector 23 is witnessing a steady upward shift in property values, making it an attractive destination for residential investments in Gurgaon. The current market dynamics are driven by a mix of established apartment complexes and new project launches that cater to diverse buyer expectations. Rental demand remains consistent across various configurations, from compact studios to spacious luxury homes, supported by a healthy rental yield of 2.17%. Recent trends indicate that the locality is outperforming several surrounding areas in terms of price appreciation for residential apartments.
Apartment rates in Sector 23 have seen a solid increase of 6.57% to reach an average of ₹15,450 per sq ft.
The rental market is robust, with 5 BHK units commanding an average monthly rent of ₹1.12 Lakh.
New launch projects are entering the market at competitive entry-level rates of ₹8,500 per sq ft.
Well-occupied residential projects like Ansal Plaza Sector-23 are maintaining high value with an average rate of ₹15,500 per sq ft.
Market Strengths
Strong apartment price growth of 6.57% ensures solid long-term capital gains.
Diverse rental options ranging from ₹22,500 for studios to ₹1.12 Lakh for 5 BHK units.
High buyer interest in new launches, evidenced by a 25.16% value increase.
Stable pricing in well-occupied projects providing a safe haven for risk-averse investors.
Rental rates for 1 BHK units remain competitive at ₹26,550 per month.
Market Challenges
The villa segment has seen a price correction of -17.85%, requiring careful valuation for new buyers.
Average rental rates for apartments have adjusted by -3.45% annually.
The rental yield of 2.17% is moderate, suggesting that investors should focus on capital appreciation over immediate cash flow.
Rental rates for Dwarkadhis City have experienced a significant decline of -27.59%.
Investment Opportunities
Capitalize on the 25.16% growth seen in new launch projects priced at ₹8,500 per sq ft.
Target 5 BHK apartment rentals which generate high monthly income of ₹1.12 Lakh.
Benefit from the 6.57% annual appreciation trend observed in the standard apartment segment.
Invest in well-occupied projects like Ansal Plaza Sector-23 for consistent value growth of 2.47%.
Top Localities in Sector 23, Gurgaon
Sector 21
Avg Price₹ 10,750 /Sq.Ft.
Avg Rent₹ 26 /Sq.Ft.
YIELD
+ 2.90
LISTINGS
28
Sector M 1
Avg Price₹ 10,250 /Sq.Ft.
LISTINGS
4
Sector 1
Avg Price₹ 7,200 /Sq.Ft.
Avg Rent₹ 29 /Sq.Ft.
YIELD
+ 4.83
LISTINGS
13
Price Trend
Sector 23, Gurgaon Property Price Trends and Appreciation
The market in Sector 23 has shown significant appreciation, with rates climbing from ₹11,950 per sq ft in September 2025 to ₹14,500 by December 2025. This momentum continued into March 2026, where the average reached ₹15,450 per sq ft. These consistent quarterly gains reflect rising demand within the locality.
Sector 23 maintains a competitive position within the broader Gurgaon landscape, with its average rate of ₹15,450 per sq ft. This is notably more accessible than Sector 22, which commands a premium at ₹21,450 per sq ft. Conversely, Sector 23 is priced higher than the nearby Palam Vihar, which averages ₹11,850 per sq ft, highlighting its mid-to-premium market standing.
Residential apartments in Sector 23 are the primary market driver, averaging ₹15,450 per sq ft with a healthy growth rate of 6.57%. Villas represent the high-end segment, though they have experienced a significant adjustment of -17.85%, now averaging ₹24,550 per sq ft. This variety allows investors to choose between stable apartment growth and premium villa assets.
The supply in Sector 23 is split between established and emerging developments. Well-occupied projects command an average of ₹15,500 per sq ft, reflecting a 2.47% increase that rewards early investors. Meanwhile, new launch inventory is available at a more accessible ₹8,500 per sq ft, which has seen a substantial growth of 25.16%, attracting those looking for future value appreciation.
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 developments define the aspirational landscape of Sector 23. Ansal Plaza Sector-23 stands as a key benchmark, priced at ₹15,500 per sq ft with a 2.47% increase. MDS Jai Shri offers a compelling entry point for new buyers at ₹8,500 per sq ft, showing a remarkable growth of 25.16% and highlighting the high demand for newer project additions.
Ansal Plaza Sector-23 leads the rental market with a current rate of ₹26 per sq ft, marking a 4% increase. MDS Jai Shri follows with a stable rate of ₹23 per sq ft, while Dwarkadhis City provides options at ₹21 per sq ft following a recent market adjustment.
Rental Trends
Rental Trends and Average Rent in Sector 23, Gurgaon
Rental options in Sector 23 cater to all needs, with studios starting at ₹22,500 per month and 1 BHK apartments averaging ₹26,550. For larger families, 3 BHK units are available at ₹48,700, while expansive 5 BHK homes command premium monthly rents of ₹1.12 Lakh. Rental rates across the surrounding areas show varied performance, with Sector 1 and Sector 23a both commanding ₹50 per sq ft. While Sector 22 and Palam Vihar Extension also maintain this ₹50 per sq ft rate, areas like Choma have seen significant volatility in rental values. Apartment rentals in the locality average ₹50 per sq ft, reflecting a slight annual adjustment of -3.45%. In contrast, villa rentals remain resilient at ₹50 per sq ft, showing a positive growth trend of 3.03% over the past year. Ansal Plaza Sector-23 leads the rental market with a current rate of ₹26 per sq ft, marking a 4% increase. MDS Jai Shri follows with a stable rate of ₹23 per sq ft, while Dwarkadhis City provides options at ₹21 per sq ft following a recent market adjustment.
Rental options in Sector 23 cater to all needs, with studios starting at ₹22,500 per month and 1 BHK apartments averaging ₹26,550. For larger families, 3 BHK units are available at ₹48,700, while expansive 5 BHK homes command premium monthly rents of ₹1.12 Lakh.
Rental rates across the surrounding areas show varied performance, with Sector 1 and Sector 23a both commanding ₹50 per sq ft. While Sector 22 and Palam Vihar Extension also maintain this ₹50 per sq ft rate, areas like Choma have seen significant volatility in rental values.
Apartment rentals in the locality average ₹50 per sq ft, reflecting a slight annual adjustment of -3.45%. In contrast, villa rentals remain resilient at ₹50 per sq ft, showing a positive growth trend of 3.03% over the past year.
Frequently Asked Questions About Property Rates in Sector 23, Gurgaon
What is the current average asking price in Sector 23, Gurgaon?
As of June 2026, the average asking price in Sector 23, Gurgaon, stands at ₹15,450 per sq ft. This figure reflects a positive market movement, having appreciated by 6.57% compared to the previous period, signaling sustained demand for residential properties in this locality.
How have property prices in Sector 23, Gurgaon, trended over recent quarters?
Property prices in Sector 23, Gurgaon, have shown a dynamic trajectory, rising from ₹11,950 per sq ft in September 2025 to ₹14,500 per sq ft in December 2025, and reaching ₹15,450 per sq ft by March 2026. This upward trend indicates growing buyer confidence and consistent interest in the area's real estate market.
How do property rates in Sector 23 compare to other nearby areas in Gurgaon?
Sector 23, Gurgaon, with its average asking price of ₹15,450 per sq ft (which has appreciated by 6.57%), sits in a mid-to-high price bracket compared to its neighbors. For context, Sector 22 commands a higher average of ₹21,450 per sq ft (up 2.31%), while more affordable options are available in Palam Vihar at ₹11,850 per sq ft (up 5.43%) and Sector 2 at ₹12,650 per sq ft (up 9.07%).
What is the price difference between apartments and villas in Sector 23, Gurgaon?
As of June 2026, apartments in Sector 23, Gurgaon, are priced at an average of ₹15,450 per sq ft, showing an appreciation of 6.57%. In contrast, villas are currently priced at ₹24,550 per sq ft, which represents a significant market correction, having depreciated by 17.85% compared to the previous period.
How does property status influence pricing in Sector 23, Gurgaon?
Property pricing in Sector 23, Gurgaon, varies significantly based on completion status as of June 2026. Well-occupied properties command an average of ₹15,500 per sq ft, having appreciated by 2.47%, while new launch projects are currently positioned at a more accessible ₹8,500 per sq ft, reflecting a substantial appreciation of 25.16%.
What is the average rental rate and rental yield for properties in Sector 23, Gurgaon?
As of June 2026, the average rental rate in Sector 23, Gurgaon, is ₹28 per sq ft, which has seen a depreciation of 3.45% over the observed period. 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 acquisition.
What are the typical monthly rental rates for different BHK configurations in Sector 23, Gurgaon?
Rental rates in Sector 23, Gurgaon, scale according to unit size as of June 2026. Studio apartments average ₹22,500 per month, while 1 BHK units are at ₹26,550 per month. Larger configurations see higher demand, with 2 BHK units at ₹35,000 per month, 3 BHK units at ₹48,700 per month, 4 BHK units at ₹61,450 per month, and 5 BHK units reaching ₹1.12 Lakh per month.
Which projects in Sector 23, Gurgaon, are currently the most prominent for renters?
The top projects for renters in Sector 23, Gurgaon, include Ansal Plaza Sector-23, which commands a rental rate of ₹26 per sq ft, having appreciated by 4% as of June 2026. Other notable projects include MDS Jai Shri at ₹23 per sq ft (stable with 0% change) and Dwarkadhis City at ₹21 per sq ft, which has seen a depreciation of 27.59%.
How do rental rates for apartments compare to villas in Sector 23, Gurgaon?
As of June 2026, both apartments and villas in Sector 23, Gurgaon, show an average rental rate of ₹50 per sq ft. However, the market performance for these types differs: apartment rentals have depreciated by 3.45%, whereas villa rentals have shown resilience with an appreciation of 3.03%.
How should a potential buyer interpret the price trends in Sector 23, Gurgaon?
A potential buyer should view the consistent appreciation in Sector 23, Gurgaon, as a sign of a maturing market. With the average asking price reaching ₹15,450 per sq ft in June 2026, the 6.57% appreciation indicates strong demand. Investors and end-users should compare these trends against the specific project status—such as the 25.16% appreciation in new launches—to identify the best entry point for their budget.
