MetLife GCC Leases 75,000 Sq Ft Office Space in Noida's Embassy Oxygen Business Park at ₹41.84 Lakh Monthly Rent for Five Years

by- Grihik
Mar 5, 2026

The global capability centre has taken space on the 12th and 13th floors of Tower 3 in Sector 144, with a chargeable area of 74,732 sq ft at approximately ₹56 per sq ft per month. The lease agreement includes a 15% rent escalation every three years, and the company has paid a security deposit of ₹2.51 crore.

Noida, March 5, 2026: MetLife Global Operations Support Centre Private Limited has leased a 75,000 sq ft office space at Embassy Office Parks Real Estate Investment Trust's Oxygen Business Park in Noida at a monthly rent of approximately ₹41.84 lakh for a five-year term, according to property registration documents accessed by Propstack .

Lease Details

MetLife's global capacity centre has taken up space on the 12th and 13th floors of Oxygen Business Park (Tower 3) in Sector 144, Noida. The carpet area of the leased premises is 58,290 sq ft, while the chargeable area is 74,732 sq ft, translating to a rental of around ₹56 per sq ft per month .

The lease agreement includes a 15% rent escalation every three years. The lease commenced on October 1, 2025, with rent commencing on July 1, 2026. The company has paid a security deposit of ₹2.51 crore .

Existing Presence

MetLife already occupies approximately 2.91 lakh sq ft in Tower 2 of Oxygen Business Park since 2020 .

About Embassy Oxygen

According to the company's website, Embassy Oxygen is a Grade A office park in Noida, located in close proximity to the Noida-Greater Noida Expressway. The property is among the largest office parks in the city and one of only two SEZ Parks in its submarket .

Spanning around 25 acres and 3.3 million sq ft, the park is home to leading global names including ARM Semiconductor, Global Logic India Private Limited, Air Liquide, and others .

Growing GCC Demand in NCR

Real estate experts note that the Noida and Greater Noida belt has emerged as an attractive destination for office occupiers, driven by improved connectivity, the upcoming Noida International Airport, and the expansion of technology-led businesses and global capability centres in the region .

Recent Commercial Deals in NCR

In December 2025, EY Global Delivery Services India LLP leased four floors spanning 1.72 lakh sq ft of office space at Embassy Oxygen Business Park for five years, at a monthly rent of ₹98.52 lakh .

In January 2026, IBM India Private Limited leased 2.3 lakh sq ft of office space in Gurugram for a total rent of ₹180 crore for 10 years. Zomato's parent company, Eternal Ltd, also leased seven floors (2.78 lakh sq ft) in the same IT park for a monthly rent of ₹2.33 crore .