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.”
Pune To Build Nine Km Link Road Between Highways
The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..
Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh
The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..
Toll At Kharegaon Likely As Highway Upgrade Nears Completion
A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..
Latest Updates
