Noida Emerges as Key Economic Hub: Cushman Report
Cushman & Wakefield’s recent report, Noida Runway for Growth, highlights the city’s emergence as a major economic and real estate hub contributing nearly 10 per cent to Uttar Pradesh’s GSDP.
A key driver is the upcoming Noida International Airport, which will be inaugurated by Prime Minister Narendra Modi on March 28 in Gautam Buddha Nagar's Jewar. The project is set to enhance connectivity and reshape the region’s economic and real estate landscape.
Noida’s office market has expanded to 43.4 million sq ft, including 26.6 million sq ft of Grade A+ assets, with a 40 per cent rise in investment-grade stock over five years. Leasing reached 3.3 million sq ft between January and September 2025 and is projected at 4.7 million sq ft for the year, with Global Capability Centres contributing significantly.
Retail stock stands at 8.1 million sq ft, with only 30 per cent classified as Grade A+, indicating scope for premium development. Leasing activity has increased steadily, driven by demand from fashion and F&B segments.
The residential sector has also recorded strong momentum, with over 10,000 units launched between January and September 2025, led by the mid-segment while premium and luxury housing continues to grow.
Commenting on the outlook, Supriya Chatterjee, Managing Director – North, Cushman & Wakefield, said, “Noida International Airport is set to become the second engine of growth for NCR, driving a transition toward quality, demand-driven real estate development. While the impact will be broad-based, the eastern and southern corridors of the region are expected to see the strongest momentum, supported by improved connectivity. This will boost end-user demand for premium and luxury homes with enhanced amenities, attract greater participation from Grade A developers, and draw increased interest from MNCs and GCCs backed by robust policy incentives. The airport is also set to unlock significant opportunities in the under-penetrated hospitality sector, particularly in Noida, shaping the region’s real estate landscape for years to come.”
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