Commercial real estate in the National Capital Region is increasingly moving beyond the traditional office block and standalone shopping centre, with developers across Noida and Greater Noida building projects that combine workspaces, retail, hospitality and leisure in a single location.

The shift comes as office occupiers, retailers and consumers place greater value on convenience, connectivity and projects that can bring together multiple uses within one ecosystem. In Noida and Greater Noida, improving road connectivity, metro expansion and upcoming infrastructure such as the Noida International Airport are also drawing attention to emerging commercial corridors.

Against this backdrop, developers are building a wider mix of projects that combine offices, retail, food and beverage, entertainment and wellness components, particularly in micro-markets along the Noida Expressway and Greater Noida region.

Bhutani Infra is among the developers expanding in this segment, with projects such as Cyberthum and Alphathum in Noida positioned as mixed-use commercial developments. The company is also developing a retail-led project in Sector 32, Avenue 62 Noida and has partnered with Yashoda Hospitals on a mixed-use development in Greater Noida West. 

Bhutani Cyberthum is a significant commercial development located in Noida, providing quality office spaces, shopping, entertainment, and other facilities, carefully planned to serve the needs of business people and tourists. Avenue 62, Noida is an upscale mixed-use commercial space that consists of a variety of retail stores, restaurants, entertainment facilities, and offices that provide business and lifestyle experience due to its strategic location.

Ashish Bhutani, Chief Executive Officer, Bhutani Group, said the company’s focus has been on building commercial projects that respond to changing occupier and consumer preferences rather than treating office, retail and hospitality as separate formats. “Commercial real estate in NCR is no longer being viewed only through the lens of office space or shopping centres in isolation. Occupiers want better-connected workplaces, retailers are looking for stronger and more sustained footfall, and consumers increasingly prefer destinations where work, dining, shopping and leisure come together in one place. That is the direction in which commercial demand is moving, particularly in growth corridors such as Noida and Greater Noida,” he said.

He added that this thinking has informed the company’s projects in the region. “Projects such as Cyberthum and Alphathum were planned around the idea of creating destinations that bring together offices, retail and lifestyle elements rather than functioning as single-use commercial assets. The same approach informs our upcoming retail development in Avenue 62, Noida, and our project with Yashoda Hospitals in Greater Noida West, where the attempt is to build integrated environments that can serve multiple user needs within one development,” Bhutani said.