Accenture Leases Nearly 1.65 Lakh Sq Ft of Office Space in Noida for ₹195 Crore. What Does This Mean for Delhi-NCR Real Estate?

In a significant move for the commercial real estate market in Noida, global consulting and IT giant Accenture has leased 1.65 lakh square feet of office space in ACE Capitol Tower 2, located in Sector 132. The deal, valued at approximately ₹195 crore, highlights the continued demand for premium office spaces in the Delhi NCR region.

According to property registration documents, the lease agreement spans five years and officially commenced on December 15, 2025. The space covers eight floors within the building 1, 2, 3, 4, 7, 13, 14, and 15 and is owned by Onwards Coworkx Pvt Ltd, also known as Onwards Workspaces.

From a financial standpoint, the transaction reflects strong market confidence. The rental rate has been set at ₹192 per square foot, translating to an initial monthly rental outflow of around ₹3.16 crore. The agreement also includes a 6% annual rental escalation, ensuring steady revenue growth for the asset owner. Additionally, a security deposit of ₹9.50 crore has been paid, underlining the scale and seriousness of the commitment.

This deal is a clear indicator of Accenture’s continued expansion in India, particularly in the Delhi NCR region. Despite the rise of hybrid and remote work models, large corporations are still investing heavily in high quality office infrastructure. This suggests a long term outlook where physical office spaces remain crucial for collaboration, innovation, and operational efficiency.

Sector 132 in Noida has emerged as a preferred business hub due to its strategic location, strong connectivity, and proximity to residential areas. Compared to Gurugram, Noida offers relatively lower rental costs while maintaining comparable infrastructure quality. This cost advantage is increasingly attracting major corporates looking to optimize operational expenses without compromising on workspace standards.

The leased office space is expected to accommodate approximately 1,460 workstations, indicating a large scale operational setup. With this addition, Onwards Workspaces’ managed office portfolio in NCR is said to cross 8 lakh square feet, reinforcing the growing demand for flexible office solutions.

One of the key trends highlighted by this transaction is the rise of managed or plug and play office spaces. Companies today prefer flexible, ready to use workspaces that eliminate the need for heavy upfront investments in interiors and infrastructure. This model allows businesses to scale operations quickly while maintaining cost efficiency.

Moreover, deals of this magnitude positively influence market sentiment. They signal confidence among global corporations in India’s economic growth and its office real estate sector. For investors, such transactions validate the strength of commercial assets in emerging hubs like Noida.

Overall, Accenture’s lease at ACE Capitol is more than just a real estate deal. It reflects broader trends shaping the commercial property market, rising demand for quality office spaces, the growing importance of flexible work environments, and the emergence of Noida as a strong alternative to traditional business districts in NCR.