Spaze I Tech Park

Strengths

• Project is fully operational since 2012 with established corporate tenants (e.g., Benepik), indicating functional infrastructure.
• Located in Sector 49 with proximity to Sohna Road (~1 km) and Southern Peripheral Road (~0.1 km), providing reasonable connectivity.
• Approved by HDFC and ICICI Bank according to a listing portal, suggesting some institutional due diligence.
• Grade A office space positioning with amenities like cafeteria, food court, CCTV security, and 24/7 power backup.

Risks

• CRITICAL PROJECT-TYPE MISMATCH: All search results identify Spaze I Tech Park as a COMMERCIAL OFFICE project, not residential. A buyer seeking residential property should be extremely cautious.

Our read

Location:

Sector 49, Gurugram is an established commercial and residential node along Sohna Road. Proximity to Southern Peripheral Road, Spaze Forum, Kore Tech Park, and various residential societies provides social infrastructure. However, traffic congestion on Sohna Road and patchy last-mile connectivity remain common issues. The area has seen significant development, but it is not a prime CBD like Cyber Hub or MG Road.

Price:

If the ₹43-50 lakh price is accurate for a unit in this project, it likely represents a smaller commercial office unit (approx. 500 sqft) or a distressed resale. At ₹8,500-9,000/sqft, pricing is aligned with secondary commercial in Sohna Road vicinity. However, for a 13-year-old building, buyers should verify maintenance quality and compare with newer commercial assets. The price is not obviously overpriced for Grade A commercial, but capital appreciation potential may be limited given the age and stock of newer competing supply.

Buyer fit:

Suitable only for investors seeking commercial office space with rental yield in mind, NOT for end-use residential buyers. Even for investors, this fits only those comfortable with aging commercial stock, willing to conduct rigorous legal and physical due diligence, and seeking immediate rental income rather than capital appreciation.

Market read

Price trend:

Search results show current pricing for Spaze I Tech Park office spaces starting at ₹87 lakh for 1,000 sqft (₹8,700/sqft approx) as per a listing portal. The listed price range of ₹43-50 lakh does not match available listings for this project; it may refer to much smaller resale units, partial ownership, or a different project entirely. Price appreciation data from 2012 to present is scarce in search results. Given the project's age (possession since 2012), capital appreciation has likely been moderate, tracking Gurugram's broader commercial corridor growth along Sohna Road and Southern Peripheral Road.

Rental yield:

No specific rental yield data found for Spaze I Tech Park. As a Grade A commercial project in Sector 49 with corporate tenants, rental yields for Gurugram commercial office space typically range 7-9%, but this is an estimate based on market norms rather than project-specific data.

Demand:

Demand appears oriented toward commercial office users and investors seeking rental income. The project is located near other business parks and has operational occupancy (evidenced by tenant firms). No data found on residential demand because Spaze I Tech Park is a commercial office project, not residential.

Resale:

Resale inventory appears limited in search results. HSN Realty lists a 'fully furnished ready to move-in' unit at Spaze I Tech Park Tower A with price on request. A listing portal indicates ready-to-move office space configurations.

In the news

• Spaze I Tech Park ready to move office spaces available from ₹87 lakh

  Spaze I Tech Park in Sector 49, Gurgaon is marketed as a ready-to-move commercial project offering Grade A office spaces starting at ₹87 lakh for 1,000 sqft. The project spans 10 acres with 1,518 units across 2 towers and is approved by HDFC and ICICI Bank. — 99acres, 2026

• Spaze Palazo RERA registration details listed

  A listing portal lists RERA registration HRERA 660/2017/307 for Spaze Palazo, a different project by the same developer. No RERA number found specifically for Spaze I Tech Park in search results. — Square Yards, June 2026

• Benepik lists address at Tower B2, Spaze I-Tech Park

  Corporate gifting firm Benepik lists its office address at 856, 8th Floor, Tower B2, Spaze I-Tech Park, Sector 49 Gurugram, confirming operational commercial occupancy in the project. — Benepik, 2026