News: MetLife GCC Leases 75,000 Sq Ft in Noida Business Park-05-03-2026
MetLife Global Operations Support Centre Private Limited has leased about 75,000 sq ft of office space at Oxygen Business Park in Noida, owned by Embassy Office Parks Real Estate Investment Trust, for five years at a monthly rent of about Rs 41.84 lakh, documents accessed by Propstack showed.
The global capacity centre (GCC) has taken the 12th and 13th floors of Tower 3 in Sector 144. The carpet area is 58,290 sq ft and the chargeable area 74,732 sq ft, which works out to around Rs 56 per sq ft per month. The agreement provides for a 15% rent escalation every 3 years. The lease began on October 1, 2025, rent starts on July 1, 2026, and a security deposit of Rs 2.51 crore has been paid.
According to media reports, MetLife has occupied around 2.91 lakh sq ft in Tower 2 of the park since 2020. MetLife could not be reached for comment and queries have been sent to Embassy Office Parks Real Estate Investment Trust.
Embassy Oxygen is a Grade A office park close to the Noida-Greater Noida Expressway, covering around 25 acres and 3.3 mn sq ft. The company’s website describes it as among the city’s largest office parks and one of only two SEZ Parks in its submarket. Tenants include ARM Semiconductor, Global Logic India Private Limited and Air Liquide.
In December 2025, EY Global Delivery Services India LLP leased four floors totalling 1.72 lakh sq ft in Tower 2 of the same park for five years at Rs 98.52 lakh a month, according to registration documents accessed by Propstack. The term runs from July 1, 2025, to June 30, 2030, at around Rs 57 per sq ft, with a Rs 5.91 crore deposit and a 15 per cent escalation after three years.
In January 2026, IBM India Private Limited leased 2.3 lakh sq ft in Gurugram for a total rent of Rs 180 crore over 10 years, according to a document accessed by Propstack. Zomato’s parent, Eternal Ltd, leased seven floors with a chargeable area of 2,78,249 sq ft in the same IT park at Rs 2.33 crore a month, from October 2025.
