Hyderabad: Tech Mahindra has signed one of the largest office leasing transactions in Hyderabad this year by leasing approximately 3.97 lakh square feet of office space at Aparna Technopolis, Kondapur, in a deal valued at around ₹410.93 crore over a 10-year period.
The transaction further highlights Hyderabad’s growing appeal among technology companies and multinational corporations seeking large-scale office spaces in India’s rapidly expanding IT hubs.
Major Office Expansion in Hyderabad
According to property registration documents and commercial real estate reports, Tech Mahindra has leased nearly four lakh square feet of Grade-A office space spread across multiple floors of Aparna Technopolis, a premium commercial development located in Kondapur.
The lease agreement was reportedly registered on June 11, 2026, and is expected to commence from September 2026. The agreement is structured as a long-term tenancy running for approximately 10 years.
Reports indicate that the leased area spans the 12th, 13th, 14th and 15th floors across Blocks A and B of the project.
Deal Valued at Over ₹410 Crore
The lease is estimated to generate rental payments worth approximately ₹410.93 crore over its duration. The agreement reportedly begins with a monthly rental of around ₹3.06 crore, with periodic escalation clauses built into the contract.
Industry sources indicate that the rental rate works out to roughly ₹77 per square foot per month, reflecting the strong demand for premium office assets in Hyderabad’s western corridor.
As part of the agreement, Tech Mahindra has also secured hundreds of dedicated parking spaces for employees and visitors.
About Aparna Technopolis
Aparna Technopolis is one of Hyderabad’s largest commercial office developments and is located in the heart of the city’s technology corridor. The project offers modern office infrastructure, large floor plates, power backup systems, advanced security features and connectivity to major IT destinations including Hitec City, Gachibowli and the Financial District.
The development has emerged as a preferred destination for technology firms and multinational companies looking for large office campuses in Hyderabad.
Hyderabad’s Office Market Remains Strong
The latest transaction comes amid continued growth in Hyderabad’s commercial real estate sector. The city has attracted significant office leasing activity from technology companies, Global Capability Centres (GCCs), engineering firms, financial institutions and multinational corporations over the past few years.
Real estate consultants note that Hyderabad continues to benefit from competitive operating costs, world-class infrastructure, availability of skilled talent and strong connectivity, making it one of India’s most attractive office markets.
The western corridor comprising Hitec City, Gachibowli, Kondapur, Financial District, Kokapet and Nanakramguda has witnessed particularly strong demand for Grade-A office space.
Positive Signal for Employment and Investment
Large office commitments are often viewed as indicators of future business expansion and employment growth. The additional office capacity secured by Tech Mahindra could support thousands of employees and strengthen Hyderabad’s role as a major technology and innovation hub.
Industry observers believe the transaction reflects the long-term confidence that major technology companies continue to place in Hyderabad’s business ecosystem. As demand for office space remains strong, the city is expected to continue attracting investments from both domestic and international corporations.
The Tech Mahindra-Aparna Technopolis agreement is among the most significant commercial leasing transactions reported in Hyderabad this year and further reinforces the city’s position as one of India’s leading destinations for technology, innovation and corporate expansion.
