Tech Mahindra Ltd has secured nearly 400,000 sq ft of office space in Hyderabad through a long-term lease, marking one of the year’s largest office leasing transactions in the city. This move underscores the persistent demand for premium workspaces among tech companies.
The IT services giant has leased the entire 12th, 13th, 14th, and 15th floors in Blocks A and B at Aparna IT Hub located in Kondapur village, Serilingampally Mandal, Ranga Reddy district, Telangana.
The lease covers 397,497 sq ft and has a starting monthly rental of ₹3.06 crore, which equates to ₹77 per sq ft per month, according to documents from CRE Matrix.
The agreement, registered on June 11, 2026, has been formalized with Aparna IT Hub LLP for a duration of 10 years, demonstrating Tech Mahindra’s long-term commitment to Hyderabad, a significant hub for its talent and delivery operations.
The lease commenced on December 10, 2025, with rent payments set to start from September 10, 2026, providing a nine-month rent-free period for company fit-outs and operational readiness.
Additionally, the transaction includes a security deposit of ₹18.36 crore, with Tech Mahindra also responsible for common area maintenance (CAM) charges of ₹12 per sq ft per month.
This deal comes amid robust leasing activity in Hyderabad, which remains attractive for technology companies, global capability centers, and engineering firms due to its rich talent pool, competitive occupancy costs, and well-established office infrastructure.
The transaction highlights the trend among large companies to secure large contiguous office spaces through long-term leases, allowing them to maintain flexibility for future expansion while avoiding the substantial upfront capital commitment of direct asset ownership.
India’s office market continues to see healthy demand from technology firms and GCCs, with Hyderabad ranking as one of the nation’s top office locations. Large-scale leasing transactions are becoming more common as businesses prioritize consolidating operations and fostering collaborative workplaces in line with their growth strategies.
For landlords, long-term commitments from reputable tenants like Tech Mahindra enhance income predictability and improve the appeal of premium office assets in a landscape increasingly characterized by leasing-driven development.
