Sopra Steria Leases 4.75 Lakh Sq Ft in Noida for Rs 816 Cr

Sopra Steria India Limited is a technology and digital services company headquartered in France. It has leased 4.75 lakh sq ft of office space in Noida for 15 years.

The total rental outlay is Rs 816 crore, according to documents accessed by Propstack.

Lease Details

The company has taken space across the ground floor and 17 upper floors of Towers A and B at Maconns Grand in Sector 132, Noida.

The landlord is Maconns Infra Private Limited. The lease commenced on May 30, 2026. It covers a chargeable area of about 4.74 lakh sq ft.

• Monthly rent: Rs 3.75 crore, or about Rs 79.2 per sq ft
• Security deposit: Rs 20.48 crore
• Rent escalation: 10 percent every three years
• Car parking: 1,125 spaces, free of cost

Sopra Steria India Limited and Maconns Infra Private Limited could not be reached for comment.

What Propstack Said

Raja Seetharaman is co-founder of Propstack. He said Sopra Steria's commitment to a dedicated campus shows a growing preference among global tech occupiers. They want fully customised, long-term operational bases in NCR.

He added that the Noida Expressway keeps establishing itself as a primary institutional corridor. He said such long tenures show clear conviction in high-grade infrastructure and bespoke offices that can scale with workforce growth.

Also Read: Cognizant Leases 6.45 Lakh Sq Ft in Chennai for Rs 303 Crore

Other Commercial Deals in Noida

• Adobe: leased more than 1.58 lakh sq ft at Max Square, developed by Max Estates, along the Noida-Greater Noida Expressway. It announced the deal on May 8
• Accenture: leased nearly 1.65 lakh sq ft for five years at a total rent of Rs 195 crore, from Onward Coworkx Pvt Ltd
• MetLife Global Operations Support Centre: leased 75,000 sq ft at Oxygen Business Park, owned by Embassy REIT, at about Rs 41.84 lakh a month for five years

Also Read: SMBC Leases 50,000 Sq Ft in Mumbai BKC for Rs 189 Crore

India's Office Market

According to Knight Frank India, occupied office stock across eight major markets grew 7 percent year-on-year. It reached 917.7 million sq ft as of September 30, 2026, up from 859.4 million sq ft a year earlier.

That is an increase of 58.3 million sq ft. Bengaluru remained the largest office market, while Pune crossed the 100 million sq ft milestone.

NCR remained India's second-largest office market. Occupied office stock there rose 2 percent year-on-year to 178.3 million sq ft as of September 30, 2026, from 175 million sq ft a year earlier.

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