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Sopra Steria Leases 4.74 Lakh Sq Ft Office Space in Noida for 15 Years
Sentiment: NeutralMedium Priority
What Happened?
Sopra Steria has leased 474,150 sq ft of office space in Noida's Sector 132 for 15 years, starting May 30, 2026. The lease includes 1,125 parking spaces.
Key points
- The office space is leased from Maconns Infra Private Limited.
- Monthly rent is Rs 3.755 crore, equating to Rs 79.2 per sq ft.
- The lease includes a security deposit of Rs 20.48 crore.
- A 10% rental escalation is set every three years.
- Sopra Steria also has offices in Bengaluru, Chennai, and Pune.
Key insights
- The long lease term indicates confidence in the Noida market's infrastructure.
- Sopra Steria's expansion may lead to increased employment opportunities in the region.
- The deal highlights a trend of global tech firms seeking customized office environments.
Why it matters
This lease reflects the growing demand for long-term office spaces among global tech companies in India.
Tags
Entities
Sopra Steria· CompanyNoida· CityMaconns Infra Private Limited· CompanyPropstack· OrganizationMaconns Grande Towers· Location
Source
Business Standard
