Tag: Hyderabad office market

CommercialLatest Stories

Uber secures 900,000 sq ft Hyderabad office in 10-year lease

Ride-hailing company Uber has secured over 9 lakh sq ft of office space across 10 floors in Hyderabad’s commercial corridor, committing approximately Rs 839 crore in a long-term lease that spans 10 years. This transaction is among the largest office leasing agreements in India, highlighting the ongoing growth of global capability centers (GCCs) and technology firms in Hyderabad’s real estate market. Uber India Systems has leased around 901,115 sq ft of chargeable office area occupying floors 11 to 20 in Tower 1 of Meenakshi Eco Park, a commercial project by Meenakshi Infrastructures. The lease officially began on January 9, 2026.…

CommercialLatest Stories

Hyderabad Office Market to Gain 18-19 Million Sq Ft by FY27: ICRA

NEW DELHI: The office market in Hyderabad is projected to welcome 18-19 million square feet of new Grade-A supply between Q4 FY26 and FY27, according to the rating agency, ICRA. Occupancy rates are expected to remain stable at approximately 82.5-83% by March 2027, driven by consistent demand from IT-BPM and BFSI sectors. Notably, around 23% of the forthcoming supply is already pre-leased. Leasing activity in Hyderabad has demonstrated resilience during the first nine months of FY2026. Within this timeframe, the city added 8.4 million sq ft of new Grade-A office space, with net absorption slightly outpacing supply at 8.5 million…