Gurgaon
The real estate market in Sector 23 shows consistent growth, with property rates currently averaging ₹15,450 per sq ft. Recent trends indicate a steady upward trajectory, supported by demand for both ready-to-move and new-launch residential projects. Rental demand remains robust across various unit sizes, providing attractive yields for property owners. The locality benefits from its connectivity and proximity to key commercial hubs in Gurgaon, making it a preferred choice for professionals and families.
As of June 2026, the average asking price in Sector 23, Gurgaon, stands at ₹15,450 per sq ft. This figure reflects a market appreciation of 6.57% compared to the previous period, signaling sustained buyer interest and a positive shift in property valuation within this locality.
Property price trends in Sector 23, Gurgaon, have shown a dynamic trajectory, with the average asking price moving from ₹11,950 per sq ft in September 2025 to ₹15,450 per sq ft by June 2026. While the market saw a peak in pricing during the March 2026 quarter, the current June 2026 data indicates a slight adjustment, providing a clearer picture for investors and end-users evaluating entry points in this micromarket.
Property prices in Sector 23, Gurgaon, at ₹15,450 per sq ft, sit in the mid-to-high range when compared to its neighbours. For instance, Sector 22 commands a higher average rate of ₹21,450 per sq ft, which has appreciated by 2.31%, whereas more accessible options like Palam Vihar are priced at ₹11,850 per sq ft, having seen a 5.43% appreciation. This variance allows buyers to choose between premium locations and more budget-friendly alternatives depending on their investment goals.
As of June 2026, villas in Sector 23, Gurgaon, are priced at an average of ₹24,550 per sq ft, while apartments are significantly more affordable at ₹14,200 per sq ft. It is important to note that both segments have seen a depreciation in pricing; villa rates have decreased by 17.85% and apartment rates by 7.95% compared to the previous period, reflecting a recent cooling in the segment-specific demand.
Project status significantly influences pricing in Sector 23, Gurgaon, with 'Well Occupied' properties currently averaging ₹15,500 per sq ft, marking a 2.47% appreciation. In contrast, 'New Launch' projects are priced at ₹9,150 per sq ft, which has seen a substantial 35.45% appreciation, indicating strong speculative interest or a shift in developer pricing strategy for upcoming inventory as of June 2026.
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% compared to the previous period. The locality currently offers a rental yield of 2.17%, a key metric for investors to monitor when balancing the capital outlay of purchasing property against the potential monthly income generated from leasing.
Rental rates in Sector 23, Gurgaon, vary significantly by unit size, catering to a wide range of tenants. As of June 2026, monthly rents start at ₹22,500 for a Studio and ₹22,800 for a 1 BHK, scaling up to ₹32,500 for a 2 BHK and ₹55,450 for a 3 BHK. Larger units command premium pricing, with 4 BHKs at ₹69,000, 5 BHKs at ₹1.12 Lakh, and 6 BHKs reaching ₹2.33 Lakh per month, reflecting the diverse housing inventory available in the locality.
Among the prominent projects in Sector 23, Gurgaon, Ansal Plaza Sector-23 leads with a current 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, which has remained stable, and Dwarkadhis City at ₹21 per sq ft, which has seen a 27.59% depreciation in rental rates compared to the previous period.
As of June 2026, both apartments and villas in Sector 23, Gurgaon, show an average rental rate of ₹50 per sq ft. However, their recent performance differs: villa rentals have appreciated by 5.88%, while apartment rentals have seen a depreciation of 7.14%, suggesting a shift in tenant preference toward larger, independent living spaces.
Investors should use the June 2026 data to balance capital growth against rental income. With an average asking price of ₹15,450 per sq ft and a rental yield of 2.17%, the market currently favours long-term capital appreciation over immediate high rental returns. Monitoring the 6.57% appreciation in sale prices alongside the 3.45% depreciation in rental rates helps in understanding whether to prioritize buying for resale value or for steady monthly cash flow.
