New Delhi, February 12 Exotica Housing, a real estate firm, will invest around Rs 500 crore to develop a commercial project in Noida to expand its business amid strong demand for prime office spaces.
In a statement on Thursday, the company announced the launch of a 5-acre commercial project, 'Exotica One32', in Sector 132, Noida, Uttar Pradesh.
"The company plans to invest approximately Rs 500 crore to develop this IT and ITES project, which includes high-end office spaces along with integrated retail and F&B offerings," Exotica Housing said.
The project, located on Noida Expressway, has received all necessary approvals, including RERA registration.
Office spaces are currently priced at Rs 13,990 per square foot.
Dinesh Jain, Managing Director of Exotica Housing, said that the project marks the company's entry into the IT and ITES-focused real estate development sector.
"The project has been designed as an integrated ecosystem for today's workforce, offering an environment that supports productivity, interaction, and well-being in a sustainable setting," he added.
The project has been certified by IGBC Gold, and the company has applied for LEED Platinum certification.
According to real estate consultant Cushman & Wakefield, Delhi-NCR witnessed a sharp growth of 82 per cent in net office leasing to 10.9 million square feet during 2025 from 6 million square feet in the previous year.
Exotica Housing has already delivered over 4,000 residential units across projects in Delhi, Ghaziabad, Noida, and Greater Noida West.
Over the past two decades, the company has delivered over 8 million sq ft across residential developments.