DLF Launches Rs 3,400 Crore Techpark in Noida's Thriving Sector 143

3 Oct 2023 , 12:01 PM

DLF invests Rs 3,400 crore in launching DLF Tech Park in Noida’s Sector 143. The facility spans 25 acres and can potentially have close to four million square feet of space. So far, 1.2 million square feet have been used for IT blocks and data centers.

The location is a 45-minute drive from the upcoming Noida International Airport and 700 meters from the nearest metro station. The first phase of development has already attracted commitments for one million square feet.

The second phase will depend on demand and could be around two million square feet. NCR’s commercial real estate space has seen significant uptake, with a shift toward Noida as a potential growth corridor.

While Gurugram remains popular among existing clients, Noida attracts new customers. DLF has also launched projects in Gurugram, including Downtown and Atrium Place, with strong commitments from tenants.

In Noida, DLF has secured pre-commitments for IT and data center spaces totaling around 4.5 lakh sq ft. Additional commitments are in progress for the Noida data center.

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