KFin Technologies, a leading registrar and transfer agent (RTA) in India, has secured over 2.42 lakh sq ft of office space in Kokapet, Hyderabad, through a long-term lease totaling nearly Rs 283 crore.
The company has finalized five lease agreements with Rajapushpa Realty LLP for this space at Rajapushpa West Avenue, commencing August 1 and spanning 15 years.
The total chargeable area amounts to 2,42,742 sq ft across the sixth, 23rd, 24th, and 25th floors. The monthly rent is set at approximately Rs 1.09 crore, equating to a starting rate of Rs 45 per sq ft.
These agreements stipulate a 5% annual increase in rent, projecting the total rental expense over 15 years to around Rs 282.85 crore. KFin Technologies has also provided a security deposit of Rs 6.55 crore, according to registration documents from Propstack, a realty data analytics platform.
This transaction highlights the ongoing demand for spacious office environments in Hyderabad, particularly in the western corridor comprising Kokapet, the financial district, and Gachibowli. This area has become a preferred choice for technology, financial services, and global capability center (GCC) occupants, thanks to its modern office infrastructure.
Attempts to reach KFin Technologies and Rajapushpa Realty LLP for comments were unsuccessful by the time of publication.
Previously known as Karvy Fintech, KFin Technologies is a top financial services technology firm in India, offering registrar and transfer agency services to various sectors including mutual funds and pension schemes. The firm is enhancing its technological and operational capacities to align with the growth of India’s capital markets.
The lease agreement also showcases occupants’ preference for long-term commitments in premium office spaces, even as hybrid work models gain traction. Hyderabad continues to be one of India’s most robust office leasing markets, driven by consistent demand from tech companies, financial institutions, and GCCs.
Rajapushpa West Avenue, situated in the Kokapet commercial hub, has experienced significant leasing activity in recent years as developers expand Grade A office supply to meet corporate demand. This latest transaction further solidifies the area’s status as one of Hyderabad’s rapidly developing commercial office locales.
