Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
AML RightSource, a U.S.-based firm specializing in financial crime prevention and third-party compliance, has leased 157,000 sq ft at Max Square in Noida to establish a Global Capability Centre (GCC). This move is part of a broader trend of multinational companies expanding their operations in Noida, driven by infrastructure developments like the upcoming Jewar Airport. The leasing activity in Noida has been bolstered by increased demand from the IT-BPM sector, which accounted for 45% of the gross leasing volume in the first quarter of 2025.
AML RightSource, a U.S.-based firm specializing in financial crime prevention and third-party compliance, has leased 157,000 sq ft at Max Square, a Grade A commercial tower in Noida, to establish a Global Capability Centre (GCC). This development underscores Noida's growing appeal as a hub for multinational companies seeking to expand their operations in India. Advertisement
The decision to set up a GCC in Noida aligns with a broader trend of increased leasing activity in the region. The scheduled opening of the Jewar airport later this year has further enhanced Noida's attractiveness as a business destination. Companies like Tata Consultancy Services, Infosys, and Teleperformance have also secured office spaces in Noida in recent quarters, reflecting the region's rising prominence in the commercial real estate market.
Industry experts attribute this surge in demand to Noida's improved infrastructure and connectivity, which have made it a viable alternative to other established markets like Gurugram. Sachin Arora, founder of Moneytree Realty, noted that the recent infrastructure push has significantly increased the demand for office spaces in Noida. He added that Grade A developers are now eyeing Noida for expansion, which will help multinational companies find suitable spaces.
In the first quarter of 2025, the National Capital Region (NCR) reported a gross leasing volume (GLV) of 2.8 million sq ft, with the IT-BPM sector leading at 45%, followed by professional services firms at 21% and engineering and manufacturing companies at 13%. Noida's leasing activity accounted for 35% of the NCR's total GLV during this period, with the Noida Expressway sub-market witnessing the highest leasing, registering a 1.7x growth over the average GLV in the last four completed quarters.
The establishment of AML RightSource's GCC in Noida is part of a broader trend of multinational companies leasing office spaces in India. According to Anarock, in the last two years, multinational corporations have leased nearly 5.09 million sq ft of office space in Delhi-NCR to set up GCCs, with Noida emerging as a preferred location due to its competitive rentals, quality office spaces, and connectivity infrastructure developments. The rise in leasing activity is also attributed to India's growing economic influence and the government's focus on initiatives like 'Make in India,' which have boosted the confidence of global companies.
This trend is further supported by data from CREDAI MCHI, which indicates that over 1,800 GCCs now occupy more than 240 million sq ft of Grade A office space across India's top seven cities. Bengaluru leads with approximately 42% of the total space occupied by GCCs, reflecting its strong tech ecosystem and talent pool. However, Noida's strategic location and infrastructure developments are making it an increasingly attractive destination for global companies seeking to establish or expand their operations in India.
As more global firms establish or expand their operations in Noida, the region is poised to become a key player in India's commercial real estate market, contributing to the country's economic growth and global business integration.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
