India, Feb. 12 -- NCR-based Exotica Housing plans to invest Rs.500 crore in a commercial project in Noida, marking its entry into IT and ITES-focused real estate, the company said on Feb 12.

Spread across 5 acres in Sector 132, Noida, Exotica One32 is a commercial project by Exotica Housing featuring high-end office spaces alongside integrated retail and F&B offerings. The project has secured all statutory approvals, including RERA registration, the company said.

Exotica One32 will offer IT and ITES office spaces ranging from 1,000 sq. ft. to 3,000 sq. ft., housed in two 27-floor towers, along with retail spaces within the premises. Office spaces are priced at Rs.13,990 per sq. ft., and Phase 1 is expected to be ready for possession by ...