Noida’s office corridor along the Expressway is set for another large-scale addition as a Delhi-NCR developer commits Rs 500 crore to a new commercial complex in Sector 132, marking its formal entry into the IT and IT-enabled services segment. The move comes at a time when the NCR office market is witnessing renewed leasing momentum, reshaping how satellite cities compete for investment and employment.
The proposed Noida commercial project will span roughly five acres and combine Grade A office floors with retail and food spaces. Marketed as a campus-style workplace environment, the development aims to cater to technology firms, outsourcing companies and professional service providers seeking scalable office formats outside Delhi’s core. Sector 132 sits along the Noida Expressway, an arterial route that has steadily evolved into an institutional and corporate spine. Improved metro connectivity and proximity to residential neighbourhoods in Noida and Greater Noida have made the corridor attractive to occupiers seeking lower rentals compared to Gurugram while retaining access to skilled talent. According to property consultants tracking NCR, net office absorption in the region nearly doubled last year, crossing 10 million square feet. This surge reflects expansion by global capability centres, engineering services firms and domestic technology players. Industry analysts say such growth is encouraging mid-sized developers to diversify from housing into income-generating commercial assets.
The Noida commercial project has secured statutory clearances, including registration under the state’s real estate regulatory framework. Office units are being offered at price points that position the project within the premium but competitive bracket for the Expressway micro-market. Sustainability certifications form a key part of the project blueprint. The development has been designed to meet green building benchmarks under the Indian Green Building Council, with higher-level international environmental standards under application. Urban planners note that such compliance is increasingly essential rather than optional, as corporate occupiers align workplace decisions with ESG mandates and carbon-reduction commitments. For Noida, the expansion of organised office stock strengthens its case as an employment hub rather than merely a residential spillover market. The integration of retail and food outlets within commercial campuses also signals a shift towards mixed-use planning a model that reduces commute times and fosters more walkable business districts. The developer behind the project has historically focused on housing across Delhi-NCR, delivering several million square feet over two decades. Its move into commercial development mirrors a broader industry trend where residential-led firms seek to balance cyclical housing revenues with longer-term lease income.
As infrastructure projects such as the Jewar international airport and regional transit upgrades progress, demand for well-located office space in Noida is expected to remain resilient. The real test, however, will lie in timely delivery, sustainable operations and the ability to attract tenants in an increasingly competitive NCR office landscape.
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