Will Institutional Grade A+ Office Supply Surge in Noida Due to Airport and Infrastructure Projects?
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Synopsis
Discover how Noida is set to undergo a major transformation in its commercial real estate sector by 2028, driven by institutional Grade A+ projects. This exciting shift promises to reshape the leasing landscape, fueled by significant infrastructure developments, including the Noida International Airport.
Key Takeaways
- Noida's commercial real estate market is expected to transform by 2028.
- Institutional Grade A+ projects are set to outpace strata office supply.
- Strong leasing momentum with 4.7 million sq ft expected by end of 2025.
- Noida International Airport is nearing completion, enhancing connectivity.
- Government policies are attracting IT and digital services.
New Delhi, Nov 27 (NationPress) Noida is on track for a significant transformation in its commercial real estate sector by 2028. A recent report indicates that institutional or developer-owned Grade A+ projects are set to exceed the fragmented strata office supply.
The leasing activity in the city's office properties remains robust, with 3.3 million sq ft leased from January to September 2025, and it is expected to reach 4.7 million sq ft by the year's end, according to insights from Cushman & Wakefield.
"While 2026 is projected to see over 2.5 million sq ft of strata-led office completions, a notable reversal occurs by 2028. That year, institutional or developer-owned Grade A+ projects are forecasted to rise to nearly 2.9 million sq ft, significantly outpacing strata formats that are expected to decline to roughly 0.28 million sq ft," the statement elaborated.
The consultancy emphasized that Noida serves as a vital engine for economic growth, driven by strategic infrastructure initiatives, supportive policy measures, and a competitive pool of STEM talent.
With the first phase of the Noida International Airport (NIA) nearly complete at 95 percent and slated to begin operations by December 2025, along with multiple other major infrastructure enhancements, Noida is set to benefit from improved global connectivity, thus transforming the city’s economic and real estate landscape.
As of Q3 2025, Noida's total office inventory stands at 43.4 million sq ft, inclusive of 26.6 million sq ft of Grade A+ space. Investment-grade office assets have surged by 40 percent over the past five years.
Global Capability Centres (GCC) accounted for 1 million sq ft in the first nine months and are anticipated to conclude at 1.28 million sq ft by December 2025.
Supriya Chatterjee, Managing Director, North, Cushman & Wakefield, remarked, "Infrastructure advancements, particularly the Noida International Airport and enhanced metro and expressway connectivity, paired with robust policy backing and a substantial STEM talent base, are laying a strong foundation for sustainable growth."
The Uttar Pradesh government has introduced focused policy support for IT, digital services, and high-value operations, providing fiscal incentives, expedited approvals, and infrastructure backing that have attracted new GCC setups.
Point of View
The developments in Noida signify a robust response to the growing demands of the commercial real estate market. The strong momentum in leasing and the strategic infrastructure investments highlight a promising trajectory for economic growth in the region. It is crucial for stakeholders to remain vigilant in adapting to these changes.
NationPress
27/11/2025
Frequently Asked Questions
What is driving the surge in Noida's office supply?
The surge is primarily driven by significant infrastructure developments, including the Noida International Airport, and strong policy support from the Uttar Pradesh government aimed at attracting IT and digital services.
How much office space is expected to be leased by the end of 2025?
It is projected that leasing activity will reach approximately 4.7 million sq ft by the end of 2025.
What distinguishes Grade A+ office projects?
Grade A+ office projects are typically characterized by their superior design, location, and amenities, making them highly attractive to businesses.
What role does STEM talent play in Noida's growth?
A competitive STEM talent pool in Noida is crucial for attracting tech-driven companies and fostering innovation, contributing to the region's economic development.
What are the expected changes in office supply by 2028?
By 2028, it is anticipated that institutional or developer-owned Grade A+ office projects will increase significantly, while strata formats will decline.
