The primary Indian delivery and technology arm of Accenture has leased 10,16,912 sq ft across 21 floors, spanning floors 1 to 11 of Block A and floors 2 to 11 of Block B. The agreement, registered on June 10, carries a security deposit of Rs 29.5 crore.
The leased premises are located at Aparna Technopolis in Hyderabad’s Kondapur locality and are owned by Aparna IT Hub LLP. The starting monthly rental for the office space has been fixed at Rs 74 per sq ft, while the cafeteria area will attract a rent of Rs 37 per sq ft, showed documents accessed through CRE Matrix.
Also Read: Real estate platform Square Yards achieves unicorn status after securing 900 cr in funding
At the starting office rental of Rs 74 per sq ft a month, the lease translates into a minimum rental commitment of around Rs 900 crore over a 10-year period, excluding rent escalations and payments for the cafeteria space.
The transaction reflects the sustained appetite of multinational occupiers for large, campus-style office spaces even as companies continue to calibrate their workplace strategies around hybrid working and expansion of global capability centres (GCCs).
The lease also includes 996 exclusive car parking slots, of which 976 are earmarked for office space and 20 for the cafeteria facility.Also Read: Chalo Delhi NCR! Adani or Sobha, India’s biggest developers are heading to the national capital region
The agreement has been structured in two phases. The first phase carries a lease tenure of 10 years and commenced on April 1, while the second phase has a tenure of nine years and seven months beginning September 1.
Rent payments for the two phases will commence later, with the first phase becoming rent-bearing from December 16, 2026 and the second phase from February 1, 2027, as per the registered agreement.
Recently, in one more such transaction, Accenture leased over 600,000 sq ft office space across nine floors at Phoenix Millennium Towers in Pune’s Baner through a long-term lease of over 15 years.
ET’s email query to Accenture remained unanswered.
Hyderabad has emerged as one of India’s fastest-growing office markets, aided by strong demand from technology companies, GCCs and engineering and research firms. Large floor plates, comparatively lower occupancy costs and availability of institutional-grade office parks have helped the city attract expansion mandates from multinational corporations.
Office leasing across India’s top markets has remained resilient, with GCCs accounting for a significant share of demand. Hyderabad continues to be among the key beneficiaries of this trend alongside Bengaluru, Pune and Chennai, as occupiers increasingly prefer scalable campuses capable of accommodating long-term growth requirements.