Accenture Secures ₹195 Crore Office Lease in Noida
Accenture leases 1.65 lakh sq ft office space in Noida for ₹195 crore
Business Standard
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Accenture has leased 1.65 lakh square feet of office space in Noida’s ACE Capitol Tower 2 for ₹195 crore over five years. The deal highlights the ongoing demand for office space in India’s tier-I cities, with a 15% year-on-year growth in office leasing reported by Colliers.
- 01Accenture leased 1.65 lakh square feet in Noida for ₹195 crore.
- 02The monthly rent is set at ₹3.17 crore, with a yearly escalation of 6%.
- 03The lease covers multiple floors in ACE Capitol Towers, Noida.
- 04Accenture's recent expansion includes an additional lease in Coimbatore.
- 05India's office leasing market is experiencing significant growth.
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Accenture, a leading IT services and consulting firm, has signed a five-year lease for 1.65 lakh square feet of office space in ACE Capitol Tower 2, located in Noida, Uttar Pradesh, India. The total rent for this space amounts to ₹195 crore (approximately $24 million USD), with the monthly rent starting at ₹3.17 crore (about $385,000 USD) based on a rate of ₹192 (roughly $2.30 USD) per square foot. The lease will see a 6% rent escalation each year. This move comes amid a broader trend of increasing demand for office spaces in India's tier-I cities, as highlighted by realty consultancy Colliers, which reported a 15% year-on-year growth in office leasing during the first quarter of 2026. Additionally, Accenture has recently expanded its office portfolio by leasing 1.09 lakh square feet in Coimbatore’s Tidel Park, bringing its total space there to approximately 1.53 lakh square feet.
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This lease signifies a strong demand for office spaces in Noida, potentially leading to more job opportunities and economic activity in the area.
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