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The retail and commercial real estate in Delhi-NCR achieved a landmark year in 2024, driven by record leasing volumes, reduced vacancy rates, and rising rental values. Among the various cities, Noida solidified itself as one of India’s most sought-after destinations with retail leasing surging by 12–15% and attracting brands and investors. Over the years, its well-planned infrastructure, strategic location, and dynamic economic growth have attracted global and domestic players to establish a foothold in the region. The city’s commercial real estate, steered by rapid urbanization, economic progress, and ever-evolving business needs, has shown a remarkable growth graph in 2024.
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, Noida has been displaying all signs of delivering a strong growth trajectory in 2025.
Besides, experts highlight that over the past five years, Noida’s enhanced connectivity and extensive infrastructure development have been key drivers of its real estate boom. The city has witnessed a surge in multinational corporations setting up IT hubs and data centers, while the ongoing development of the Noida International Airport in Jewar underscores its potential to attract both global and domestic players. Infrastructure projects such as the Noida-Greater Noida Expressway, Yamuna Expressway, and metro extensions have further enhanced accessibility, reducing travel time for commuters and businesses.
Harsh Gupta, CEO, Sundream Group, says, “Noida’s surge in premium retail and Grade A office spaces, reflects the city’s evolving urban landscape and growing consumer aspirations. Iconic retail developments have become central attractions, offering a blend of shopping, dining, and entertainment experiences. Further, the rising disposable income and changing lifestyle preferences of Noida’s residents have fueled this retail transformation. Meanwhile, corporates are increasingly favoring Noida for its excellent connectivity and modern infrastructure. Thus, we expect the city will continue scaling new heights in 2025, attracting businesses and retailers looking to tap into a forward-looking and thriving urban ecosystem.”
Dr. Amish Bhutani, Managing Director, Group 108 says, Noida’s commercial real estate sector is entering a golden era, fueled by robust infrastructure development and the strategic efforts of the government. With the region witnessing an influx of multinational companies, Noida has become a key destination for global business expansion. The ongoing projects like Noida International Airport in Jewar and metro extensions have significantly enhanced connectivity, making the city an ideal location for commercial and retail growth. Amidst this flourishing ecosystem of opportunities, we envision catering business interests and investors, setting the stage for transformative growth across both office and retail spaces
Moreover, consumers are increasingly gravitating towards curated shopping environments that combine luxury with convenience. Additionally, the influx of professionals and expatriates has further elevated the demand for high-end retail offerings, making Noida a magnet for top-tier domestic and international brands.
Ajendra Singh, Vice-President, Sales and Marketing, at Spectrum@Metro, says, “Noida’s growing retail market reflects the city’s transformation into a hub for high-street shopping and premium malls. We’ve observed a growing demand for retail destinations that offer more than just shopping. Customers seek integrated experiences that combine luxury, entertainment, and convenience. With rising disposable incomes and a shift toward experiential lifestyles, malls have become social and cultural landmarks. As Noida’s excellent connectivity and modern infrastructure further enhance its appeal, we believe this growth will continue making it a hotspot for leading brands and discerning shoppers.”
Mr Saurav Sharma, Director Sales, Trisol RED, says, “Noida’s commercial real estate landscape is undergoing a remarkable transformation, aligning with global standards to meet the needs of businesses in a competitive environment. Investors are drawn to the city’s lucrative opportunities in both retail and office spaces, due to its strategic location and massive infrastructure development. In 2025, we believe Noida’s commercial real estate will sustain this momentum and continue becoming a hub of innovation and commerce, offering businesses a platform for growth in one of India’s most dynamic markets.
Therefore, as Noida strides confidently into 2025, its retail and commercial real estate market stands as a testament to the city’s transformative journey. Driven by enhanced infrastructure, strategic location, and rising consumer aspirations, Noida has established itself as a dynamic ecosystem for businesses and investors alike. From high-street retail and premium malls to Grade A office spaces and co-working hubs, the city offers opportunities that cater to evolving market demands.
