Noida’s commercial real estate, steered by rapid urbanization, economic progress, and ever-evolving business needs, has shown a remarkable growth graph in 2024. The commercial sector has experienced a significant surge in demand for office spaces, as technology leaders and multinational companies establish their operations in Noida.
Experts say that in the past five years, the improved connectivity of the city, coupled with immense infrastructure development, has played a pivotal role in the real estate boom in Noida. From multinational corporations establishing IT hubs and data centers to the ongoing development of the Noida International Airport in Jewar, the region has showcased its potential to attract global and domestic players.
According to the Mordor Intelligence report, the Indian commercial real estate market size is estimated at USD 40.71 billion in 2024 and is expected to reach USD 106.05 billion by 2029, growing at a CAGR of 21.10% during the forecast period (2024-2029). Amid this growth, the city has been displaying all signs of delivering a strong growth trajectory in 2025. With an unparalleled focus on infrastructure, technology integration, and eco-conscious practices, Noida has elevated commercial real estate to the next level.
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Commenting on this, Manoj Gaur, President, CREDAI-NCR, and CMD of the Gaurs Group, says, “Noida is already experiencing an upsurge in property prices, both in commercial and residential segments. Its growth trajectory is being driven by its visionary urban planning and world-class infrastructure. While metro and road connectivity ease commuting for residents and professionals in the city, game-changing developments like the Jewar Airport position Noida as a preferred choice for businesses. Hence, the real estate sector has ample opportunities to introduce exceptional commercial projects comprising tech parks and office and retail spaces, catering to diverse businesses. As Noida continues to appeal to global corporations and startups, we anticipate 2025 to be a defining year, with commercial real estate in Noida registering double-digit growth.”
Moreover, the rapid growth of India’s digital economy is fueling an unprecedented demand for data centers nationwide. According to Savills India, real estate demand for data centers is projected to rise by 15-18 million sq. ft. by 2025. With its reputation as a burgeoning tech hub, Noida stands at the forefront of this demand.
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