Exotica Housing, an NCR-based real estate developer established in 2005, announced on February 12 its plans to foray into IT and ITES-focused real estate in Noida by investing ₹500 crore in a commercial project named 'Exotica One32'. The company stated that this project has received all the statutory approvals along with the RERA registration.

• Situated on a 5-acre expanse in Sector 132, Noida, Exotica One32 is designed as a mixed-use destination featuring premium office spaces complemented by onsite shopping and dining facilities.
• This commercial project, featuring IT and ITES office spaces will range from 1,000 sq ft to 3,000 sq ft across two towers of 27 floors.
• The price of the office spaces are currently ₹13,990 per sq ft.
• According to the RERA registration, Phase 1's expected possession date is January 2030.
• The project is IGBC Gold-certified and with the aim to highlight its focus on green infrastructure and high performance futuristic design, it has also been applied for LEED Platinum certification.
• The development will offer more than 1,400 parking spaces, featuring multi-level and AI-assisted parking solutions. These solutions are supported by advanced security systems.

With the objective to appeal to the crowd of working professionals, businesspeople and IT/ITES occupiers, this project is designed for a sustainable business ecosystem. Located in Sector 132, the project offers great connectivity as it is directly accessible from the expressway and is in close proximity to the proposed Sector 93 Metro Station.

Dinesh Jain, the Managing Director of Exotica Housing, said that with the presence of Exotica One32 in Noida, it has marked its entry into the IT and ITES segment. The company's aim is to create a project that supports the present workforce and provides an environment that strengthens interaction, productivity and well-being in an environmentally friendly infrastructure.

To date, Exotica Housing has delivered more than 4,000 residences across projects in locations including Ghaziabad, Noida, Delhi and Greater Noida West. With the investment of ₹500 crore in Exotica One32, this project will offer high-end office spaces, alongside onsite shopping and dining facilities. The project is designed with a focus on green infrastructure, featuring IGBC Gold certification and an application for LEED Platinum certification.