BENGALURU: JPMorgan Chase has sub-leased a 176,000 sq ft facility in Hyderabad, marking another significant deal by the US financial services giant to secure office space in India’s major talent and technology hubs to enhance its global operations.
This transaction is one of the largest by a financial services company in Hyderabad this year, underscoring JPMorgan’s ongoing commitment to India’s global capability centre (GCC) ecosystem.
The space, located in Skyview 20, an office tower in Madhapur, has been rented under a general service agreement between JP Morgan Services and WeWork India Management, as per lease documents acquired from real estate analytics firm CRE Matrix.
The lease encompasses over 124,000 sq ft, with a rental rate of Rs 249 per sq ft per month, amounting to Rs 4.38 crore a month, or Rs 52.57 crore annually, positioning it among the highest leasing activities in Hyderabad for 2025. JPMorgan has provided a security deposit of Rs 25.97 crore, with the five-year lease set to commence on November 15.
JPMorgan already maintains offices in Hyderabad, Mumbai, and Bengaluru, where teams deliver technology, compliance, and analytics support for its global operations. Its GCCs in India rank among the largest outside the US.
Over the past two years, JPMorgan has leased between 800,000 and 900,000 sq ft of office space in India, establishing itself as one of the most aggressive players in the banking, financial services, and insurance (BFSI) sector within the Indian office market during this timeframe.
Earlier this year, the company pre-leased 116,000 sq ft in a newly developed Grade-A commercial tower in Mumbai’s Bandra Kurla Complex, built by a subsidiary of Sumitomo Realty & Development, with a 10-year lease carrying a monthly rent of approximately Rs 6.91 crore.
In 2024, JPMorgan secured one of its largest single-location leases in India, occupying 560,000 sq ft in a business park along Bengaluru’s Outer Ring Road on a long-term lease.
The recent transactions reflect a record year for office leasing in India, which surpassed 66.4 million sq ft, largely driven by global firms and GCCs.
