Grade A Office Market Outlook
According to a JLL report, the market for Grade A offices is projected to grow to 1.2 billion square feet by 2030.
CRE Boom in Noida & Greater Noida
Commercial real estate in Noida and Greater Noida is witnessing an exceptional boom. This is fueled by massive infrastructure investments by the state government and strong post-pandemic demand. The ongoing construction of Jewar Airport is significantly accelerating the region’s growth, establishing it as a hub for high returns on investment.
Office Leasing Surge & Retail Demand
In Q1 2023, a CBRE South Asia report revealed that office lease activity in India reached 11.4 million sq. ft., a YoY increase of 97%. This growing momentum reflects substantial unmet demand in the office sector. Primary leasing is also expected to drive retail space demand in 2024, fueling broader market expansion.
India CRE Market Size & Noida’s Potential
According to a Mordor Intelligence report, the Indian commercial real estate market is valued at USD 40.71 billion in 2024 and projected to reach USD 106.05 billion by 2029, growing at a CAGR of 21.10%.
Noida is poised for a strong growth trajectory in 2025, backed by robust infrastructure, smart city initiatives, and eco-conscious practices. The city's strategic focus on technology integration and sustainability is redefining the commercial real estate landscape.
High-End Housing Trends in Q1 2025
- Nearly 5,400 high-end apartments were sold, all within under-construction projects, indicating strong buyer confidence.
- 85% of total high-end homes sold were in Gurgaon, with over half of those in the Dwarka Expressway submarket.
- Noida contributed 14% to overall luxury sales, with Greater Noida emerging as the best-performing submarket.
Capital Value Appreciation (QoQ)
- Gurgaon: +2%
- Noida: +1%
- Delhi and Faridabad: No price change recorded
- Average rent across Delhi NCR: Up by 0.7%
Outlook on High-End Housing
- Reputed developers expected to continue launching high-end housing in Gurgaon and Noida.
- Strategic land acquisitions will ensure strong upcoming supply.
- Delhi NCR remains India’s top region for luxury housing demand.
- Both capital values and rental rates expected to rise in short to medium term.
Infrastructure Driving Real Estate in Noida
In the past five years, Noida’s enhanced connectivity and infrastructure growth have driven a major real estate boom. Several multinational corporations have established IT hubs and data centers, further supported by:
- The development of Noida International Airport (Jewar)
- Improved accessibility via:
- Noida-Greater Noida Expressway
- Yamuna Expressway
- Metro extensions
- Significant reduction in travel time for both commuters and businesses
Conclusion: Nirala World’s Upcoming Landmark
Nirala World is gearing up to launch a landmark commercial project in Sector 12, Greater Noida West in the third quarter of 2025.
Project Highlights
- Project Components: Shops, Office Spaces, Studio Apartments, Fine Dine F&Bs
- Plot Area: 10,400 Sq. Meter
- Project Type: 3-side open commercial property
- Approach Roads:
- Front Road: 130 meters
- Side Road: 80 meters
- Back Road: 24 meters
- Address: C-07, Sector 12, Greater Noida West
- Basement Parking: 2 Levels of Basement Parking