Sopra Steria India, the French technology and digital services company, has leased 475,000 sq ft of office space in Noida for 15 years, involving a total rental outlay of Rs. 8.16 bn, according to property registration documents accessed by Propstack. The lease commenced on May 30, 2026, and covers a chargeable area of approximately 474,000 sq ft.

The space is spread across the ground floor and 17 upper floors of Towers A and B at Maconns Grand in Sector 132, Noida. Maconns Infra is the landlord. The monthly rent is Rs. 37.5 mn, equivalent to approximately Rs. 79.2 per sq ft.

The agreement includes a security deposit of Rs. 204.8 mn and a rent escalation clause of 10 per cent every three years. Sopra Steria will also receive 1,125 car parking spaces without an additional charge. The parties could not be reached for comment.

The transaction adds to a series of large commercial property deals in Noida. Earlier this year, Adobe expanded its office footprint by leasing 158,000 sq ft at Max Square along the Noida-Greater Noida Expressway. Accenture leased nearly 165,000 sq ft for five years at a total rental outlay of Rs. 1.95 bn, while MetLife Global Operations Support Centre leased 75,000 sq ft at Oxygen Business Park for a monthly rent of approximately Rs. 4.18 mn over a five-year term.

According to Knight Frank India, occupied office stock across eight major markets increased 7 per cent year on year to 917.7 mn sq ft as of September 30, 2026, from 859.4 mn sq ft a year earlier. Bengaluru remained the largest office market, while Pune crossed 100 mn sq ft. The National Capital Region remained India’s second-largest office market, with occupied stock rising 2 per cent to 178.3 mn sq ft from 175 mn sq ft.