๐๐น๐ผ๐ฏ๐ฎ๐น ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐บ๐ฎ๐ธ๐ฒ๐ฟ ๐๐ถ๐๐ฎ๐ฑ๐ฒ๐น ๐ฆ๐ฒ๐ฐ๐๐ฟ๐ถ๐๐ถ๐ฒ๐ ๐ถ๐ ๐ฒ๐
๐ฝ๐ฎ๐ป๐ฑ๐ถ๐ป๐ด ๐ถ๐๐ ๐ณ๐ผ๐ผ๐๐ฝ๐ฟ๐ถ๐ป๐ ๐ถ๐ป ๐๐ป๐ฑ๐ถ๐ฎ ๐๐ถ๐๐ต ๐ฎ ๐ป๐ฒ๐ ๐ฝ๐ฟ๐ถ๐บ๐ฒ ๐ผ๐ณ๐ณ๐ถ๐ฐ๐ฒ ๐น๐ฒ๐ฎ๐๐ฒ ๐ฎ๐ ๐๐ผ๐ฑ๐ฟ๐ฒ๐ท ๐๐๐ฅ, ๐๐๐ฟ๐๐ด๐ฟ๐ฎ๐บ.
Citadel Securitiesโone of the worldโs preeminent market-making and quantitative trading powerhousesโis scaling its local trading, quant research, and low-latency engineering presence. The firm handles over $400 billion in daily global trading volume and executes roughly one-third of all U.S. retail stock trades, playing a pivotal role in market architecture and liquidity formation across the world's most sophisticated exchanges.
Its decision to anchor a high-profile, long-term base in Gurugram underscores India's rising stature as a mission-critical hub for Tier-1 global market makers and sophisticated algorithmic finance.
Key details
๐ข Building: Godrej GCR, Golf Course Road, Gurugram
๐ค Landlord: Munjal Hospitality Private Limited
๐ผ Tenant: Citadel Securities India Markets Private Limited
๐ Floor: 10th Floor
๐ Chargeable Area: 12,817 sq. ft.
๐ฐ Rental Rate: โน196 / sq. ft. / month
๐ต Monthly Outgo: โน25.12 lacs
Gurugram's Golf Course Road continues to lead prime absorption for marquee global capital, quantitative trading desks, and institutional finance firms seeking world-class commercial real estate infrastructure.
Media coverage:
@Bloomberg bloomberg.com/news/articles/โฆ
๐๐๐ ๐น๐ฒ๐ฎ๐๐ฒ๐ ~๐ฎ.๐ด๐ฏ ๐๐ฎ๐ธ๐ต ๐๐พ. ๐ณ๐. ๐ถ๐ป ๐๐ฒ๐ป๐ด๐ฎ๐น๐๐ฟ๐; ๐ง๐ผ๐๐ฎ๐น ๐ฟ๐ฒ๐ป๐ ๐ผ๐๐๐ด๐ผ ๐ผ๐ณ โน๐ฑ๐ฎ๐ฎ ๐๐ฟ ๐ผ๐๐ฒ๐ฟ ๐ญ๐ฌ ๐๐ฒ๐ฎ๐ฟ๐
Global technology giant IBM India has locked in a major office lease in Bengaluru, securing 2,83,321 sq. ft. of Grade-A workspace at the Radon Building in Bagmane Solarium City.
The transaction represents a total financial commitment of approximately โน522 Cr across the 10-year lease term, combining long-term warm-shell rentals with developer-backed turnkey fit-outs.
๐๐ฒ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐๐ฒ๐๐ฎ๐ถ๐น๐:
๐น Tenant: IBM India Private Limited
๐น Landlord: Akruthi Infra-Build Developers Private Limited (Bagmane Group)
๐น Asset: Radon Building, Bagmane Solarium City, Bengaluru
๐น Chargeable Area: 283,321 sq. ft.
๐น Warm Shell Rent: โน88/sq. ft./month (~โน2.49 Cr/month)
๐น Fit-out Rent: ~โน2.98 Cr/month (for an initial 5-year period
๐น Lease Tenure: 10 Years
๐ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ข๐๐๐ด๐ผ & ๐๐ฒ๐ฎ๐น ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ:
โข Base Warm Shell Outgo: ~โน343 Cr over the 10-year tenure
โข Fit-out Rental Outgo: ~โน179 Cr amortized over 5 years
โข Total Estimated Outgo: ~โน522 Cr
This transaction underlines the continued appetite large technology enterprises have for high-grade, scalable institutional office spaces in Bengaluru. A long-term commitment of this scale, coupled with developer-backed fitted infrastructure, highlights two key trends: occupiers are prioritizing Grade-A assets, and Bengaluru remains the indispensable anchor for global tech R&D and core operations.
Media Coverage:
BS: business-standard.com/companโฆ
๐๐๐๐ ๐๐ฟ๐ผ๐๐ฝ ๐น๐ฒ๐ฎ๐๐ฒ๐ ~๐ฒ๐ฎ,๐ฌ๐ฌ๐ฌ ๐๐พ. ๐ณ๐. ๐ต๐๐ฝ๐ฒ๐ฟ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฝ๐ฎ๐ฐ๐ฒ ๐ณ๐ผ๐ฟ ๐ญ๐ฑ ๐๐ฒ๐ฎ๐ฟ๐
Multinational retail major LuLu Group has executed a landmark retail lease, anchoring an outlet at I-Thums Galleria in Sector Alpha-II, Greater Noida. The 15-year lease entails ~โน51.5 Cr in base rental commitment, spanning 62,035 sq. ft. of carpet area on the Lower Ground Floor.
According to media reports, the UAE-based retailer is targeting an investment of โน2,500 crore to establish 25 outlets across Delhi-NCR by 2030, rolling out a mix of hypermarkets and smaller daily-concept formats based on local catchment density.
๐๐ฒ๐ ๐๐ฒ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
๐น Lessor: Adihm Developers Private Limited
๐น Lessee: LuLu International Shopping Malls Private Limited
๐น Asset: LG-01, I-Thums Galleria, Sector Alpha-II, Greater Noida
๐น Carpet Area: 62,035 sq. ft. (56,035 sq. ft. Retail + 6,000 sq. ft. BOH)
๐น Monthly Rent: โน26.42 Lakh (โน45/sq. ft. Retail; โน20/sq. ft. BOH)
๐น Tenure: 15 Years
๐ ๐๐ผ๐ป๐ด-๐ง๐ฒ๐ฟ๐บ ๐ฅ๐ฒ๐๐ฎ๐ถ๐น ๐๐ป๐ฐ๐ต๐ผ๐ฟ & ๐ฆ๐๐ฏ๐๐ฟ๐ฏ๐ฎ๐ป ๐๐
๐ฝ๐ฎ๐ป๐๐ถ๐ผ๐ป
๐น Landmark Catchment Presence: Crossing over โน51 Cr in long-term rental commitment, this deal marks another major suburban milestone for LuLu in NCR, catering to a rapidly maturing residential population across Greater Noida.
๐น Flagship Footfall Driver: Locking in a dedicated lower-ground hypermarket footprintโcomplete with dedicated loading docks and staff facilitiesโcements I-Thums Galleria as a regional commercial hub while ensuring consistent, multi-category retail footfall.
As institutional and large-format retailers seek out strategic catchment opportunities in dense suburban micro-markets, NCRโs commercial retail landscape continues to display robust fundamentals and sustained absorption.
Media coverage:
HT: hindustantimes.com/real-estaโฆ
๐ฅ โน๐ด๐ฌ๐ฌ ๐๐ฟ+ ๐ ๐ฒ๐ด๐ฎ ๐๐ฒ๐ฎ๐น ๐ถ๐ป ๐ก๐ผ๐ถ๐ฑ๐ฎ: ๐ฆ๐ผ๐ฝ๐ฟ๐ฎ ๐ฆ๐๐ฒ๐ฟ๐ถ๐ฎ ๐น๐ฒ๐ฎ๐๐ฒ๐ ๐ฒ๐ป๐๐ถ๐ฟ๐ฒ ~๐ฐ.๐ณ๐ฐ ๐น๐ฎ๐ธ๐ต ๐๐พ. ๐ณ๐. ๐๐ผ๐๐ฒ๐ฟ ๐ณ๐ผ๐ฟ ๐ญ๐ฑ ๐๐ฒ๐ฎ๐ฟ๐
European IT and technology services major Sopra Steria has executed a landmark commercial office lease along NCRโs prime growth corridor, locking in an entire institutional tower at Maconns Grande in Sector-132, Noida.
Sopra Steria India Limited has signed a fresh 15-year lease valued at over โน816 Cr across its tenure, spanning 4,74,150 sq. ft. of chargeable area across Ground + 17 floors of Tower-A in the built-to-suit Grade-A IT/ITES campus developed by Maconns Infra.
๐๐ฒ๐ ๐๐ฒ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
๐น Lessor: Maconns Infra Private Limited
๐น Lessee: Sopra Steria India Limited
๐น Asset: Maconns Grande, Tower-A, Plot No. B-9, Sector-132, Noida
๐น Floor: Ground + 17 Floors
๐น Chargeable Area: 4,74,150 sq. ft.
๐น Monthly Rent: โน3.75 Cr (~โน79.20/sq. ft./month)
๐น Tenure: 15 Years
๐ ๐๐ผ๐ป๐ด-๐ง๐ฒ๐ฟ๐บ ๐๐ป๐๐ฒ๐ฟ๐ฝ๐ฟ๐ถ๐๐ฒ ๐๐ฎ๐บ๐ฝ๐๐ & ๐๐๐ถ๐น๐-๐๐ผ-๐ฆ๐๐ถ๐ ๐๐ผ๐บ๐บ๐ถ๐๐บ๐ฒ๐ป๐
๐น Landmark Scale & Value: Spanning nearly half a million sq. ft. and crossing โน816 Cr in total rental commitment over 15 years, this ranks among the largest single-occupier office absorption deals along the Noida Expressway.
๐น Enterprise Campus Anchor: Securing a full standalone tower (G+17) provides complete operational independence, bespoke specialized infrastructure, and long-term consolidation for multi-year workforce expansion.
As global enterprise occupiers seek purpose-built, sole-occupier environments to establish lasting operational anchors, NCRโs core IT corridors continue to demonstrate sustained institutional depth.
Media coverage:
BS: business-standard.com/companโฆ
HT: hindustantimes.com/real-estaโฆ
๐ฆ๐ ๐๐ ๐น๐ฒ๐ฎ๐๐ฒ๐ ~๐ฑ๐ฌ,๐ฌ๐ฌ๐ฌ ๐๐พ. ๐ณ๐. ๐ถ๐ป ๐๐๐ ๐ฎ๐ ๐ฎ ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ ~โน๐ฒ๐ต๐ฐ/๐๐พ. ๐ณ๐
Japanese banking heavyweight Sumitomo Mitsui Banking Corporation (SMBC) has executed a landmark commercial office lease in Mumbaiโs prime business district, locking in a full-floor footprint at Sumitomoโs newly completed C-65 tower in Bandra Kurla Complex (BKC).
Sumitomo Mitsui Banking Corporation has signed a fresh 5-year lease valued at over โน188.7 Cr, spanning 49,820 sq. ft. of chargeable area across the entire 9th floor of the Grade-A commercial development developed by Goisu Realty.
๐๐ฒ๐ ๐๐ฒ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
๐น Lessor: Goisu Realty Private Limited
๐น Lessee: Sumitomo Mitsui Banking Corporation
๐น Property Manager: GRPS Private Limited
๐น Asset: Sumitomo C-65, Plot C-65, BKC, Mumbai
๐น Floor: 9th Floor
๐น Chargeable Area: 49,820 sq. ft.
๐น Monthly Rent: โน3.45 Cr (~โน694/sq. ft./month)
๐น Security Deposit: โน31.11 Cr
๐ ๐๐ฒ๐ป๐ฐ๐ต๐บ๐ฎ๐ฟ๐ธ ๐๐๐ ๐ฃ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด & ๐๐น๐ฎ๐ด๐๐ต๐ถ๐ฝ ๐๐
๐ฝ๐ฎ๐ป๐๐ถ๐ผ๐ป
๐น Record Benchmark: At ~โน694/sq. ft./month, this ranks among the highest office rental rates ever recorded in Indian CBDs.
๐น Japanese Synergies: Anchors Sumitomo Corpโs flagship Mumbai development (via Goisu Realty) with dedicated building signage and ground-floor lobby presence.
As global banking powerhouses continue to anchor their high-value leadership hubs and strategic capital in India, Mumbaiโs BKC reasserts its position as the premier financial corridor commanding top-tier institutional valuations.
Media coverage:
HT: hindustantimes.com/real-estaโฆ
๐๐ผ๐ด๐ป๐ถ๐๐ฎ๐ป๐ ๐น๐ฒ๐ฎ๐๐ฒ๐ ๐ฒ.๐ฐ๐ฑ ๐๐ฎ๐ธ๐ต ๐๐พ. ๐ณ๐. ๐ถ๐ป ๐๐ต๐ฒ๐ป๐ป๐ฎ๐ถ ๐ณ๐ผ๐ฟ ๐จ.๐ฆ. ๐๐ฎ๐ป๐ฐ๐ผ๐ฟ๐ฝ.
Global technology services major Cognizant has executed a landmark commercial office lease in Chennai to set up a dedicated large-scale facility for leading American financial institution U.S. Bancorp.
Cognizant Technology Solutions India Private Limited has signed a fresh, contiguous 10-floor lease spanning 6,45,172 sq. ft. of chargeable area in Block 1 - Tower 3, Embassy Splendid TechZone, Pallavaram.
๐๐ฒ๐ ๐๐ฒ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
๐น Lessor: ESNP Property Builders And Developers Private Limited
๐น Lessee: Cognizant Technology Solutions India Private Limited
๐น Asset: Embassy Splendid TechZone - Block 1, Tower 3, Pallavaram, Chennai
๐น Floors: Ground to 9th Floors (Contiguous Entire Tower)
๐น Chargeable Area: 6,45,172 sq. ft.
๐น Monthly Rent: โน4.77 Cr (~โน74/sq. ft./month)
๐ ๐๐๐ฆ๐ ๐๐๐ ๐ ๐ผ๐บ๐ฒ๐ป๐๐๐บ & ๐๐ฎ๐ฟ๐ด๐ฒ-๐๐น๐ผ๐ฐ๐ธ ๐๐ฏ๐๐ผ๐ฟ๐ฝ๐๐ถ๐ผ๐ป
This transaction highlights how global IT leaders are anchoring and scaling massive, dedicated Global Capability Centers (GCCs) for Fortune 500 BFSI institutions tapping Chennaiโs deep engineering and fintech talent pool.
๐น Large-Format Take-Up: Single-tenant absorption of ~6.45 Lakh sq. ft. across an entire 10-storey standalone tower
๐น Dedicated Campus Infrastructure: Built inside Embassy REITโs institutional IT park along the Pallavaram-Thoraipakkam arterial corridor
๐น Long-Term Capital Commitment: Over โน303 Cr in aggregate rental commitments over the initial 5-year tenure
As multinational banking and financial services giants accelerate their core digital and technology footprint in India, Chennai continues to reinforce its stature as a preferred destination for mega enterprise campus leasing.
Media Coverage:
HT: hindustantimes.com/real-estaโฆ
BS: business-standard.com/companโฆ
๐ฅ ๐ฆ๐ฒ๐บ๐ถ๐ฐ๐ผ๐ป๐ฑ๐๐ฐ๐๐ผ๐ฟ ๐๐ถ๐ฎ๐ป๐ ๐๐๐ ๐๐ฐ๐พ๐๐ถ๐ฟ๐ฒ๐ ๐ญ๐ฎ ๐๐ฐ๐ฟ๐ฒ๐ ๐ณ๐ผ๐ฟ โน๐ญ,๐ฌ๐ฎ๐ฌ ๐๐ฟ ๐๐ผ ๐๐๐ถ๐น๐ฑ ๐๐ฎ๐ฝ๐๐ถ๐๐ฒ ๐๐๐ ๐๐ฎ๐บ๐ฝ๐๐!
India's GCC playbook is beginning to evolve from commercial leasing toward permanent, self-owned campuses.ย Highlighting this shift, global semiconductor process control major KLA Corporation has acquired land in Chennai to build a dedicated Global Capability Center (GCC) campus.
KLA-Tencor Software India has acquired a contiguous 12 acre parcel across three registered deeds for โน1,020 Cr along the PallavaramโThoraipakkam Radial Road to scale its high-tech R&D, computational software, and chip engineering operations.
Key Deal Insights:
๐น Sellers: SNP Ventures LLP, P.L. Raju Constructions Ltd, Mukunda Agro Crops LLP
๐น Buyer: KLA-Tencor Software India Private Limited
๐น Total Extent: 12 Acres
๐น Total Consideration: โน1,020.4 Cr (~โน85 Cr/Acre)
๐น Permitted Use: Master-planned for IT/ITES Tech Park & Corporate R&D Campus
Key Takeaways:
๐น Strategic Campus Ownership: A decisive move from multi-tenant leases to large-scale, captive owner-occupier infrastructure
๐น Prime Tech Spine: Direct connectivity linking Chennai Airport, GST Road, and the OMR IT corridor
๐น Deep-Tech Anchoring: Solidifies Chennai's position as a premier global hub for semiconductor hardware-software integration and yield metrology
Media coverage:
HT: hindustantimes.com/real-estaโฆ
๐๐น๐ฎ๐ฐ๐ธ๐๐๐ผ๐ป๐ฒ ๐น๐ฒ๐ฎ๐๐ฒ๐ ๐ฐ.๐ฑ๐ฎ ๐๐ฎ๐ธ๐ต ๐๐พ. ๐ณ๐. ๐ณ๐ผ๐ฟ ๐ถ๐๐ ๐๐๐ ๐ฎ๐ ๐ฃ๐ฟ๐ฒ๐๐๐ถ๐ด๐ฒ ๐๐ฎ๐ธ๐ฒ๐๐ต๐ผ๐ฟ๐ฒ ๐๐ฟ๐ถ๐๐ฒ, ๐๐ฒ๐ป๐ด๐ฎ๐น๐๐ฟ๐.
Leading global asset manager Blackstone has executed a major office space transaction in Bengaluru to establish and scale its Center of Excellence. Blackstone COE India Private Limited has signed a fresh, large-format lease spanning 4,52,225 sq. ft. of chargeable area across contiguous 10 floors at Building No. 20, Prestige Lakeshore Drive.
๐๐ฒ๐ ๐๐ฒ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
๐น Lessor: Prestige Beta Projects Private Limited
๐น Lessee: Blackstone COE India Private Limited
๐น Asset: Prestige Lakeshore Drive - Building No. 20, Bengaluru
๐น Floors: Ground, 1st to 9th Floors
๐น Chargeable Area: 4,52,225 sq. ft.
๐น Monthly Rent: โน4.16 Cr (~โน92/sq. ft./month)
๐น Lease Tenure: 5 Years (15% escalation every 3 years)
๐ ๐๐๐ ๐ ๐ผ๐บ๐ฒ๐ป๐๐๐บ & ๐๐ฎ๐ฟ๐ด๐ฒ-๐๐น๐ผ๐ฐ๐ธ ๐๐ฏ๐๐ผ๐ฟ๐ฝ๐๐ถ๐ผ๐ป
This transaction underscores sustained demand from premier multinational financial institutions and institutional investors expanding their tech, analytics, and shared services operations in India.
๐น Large-Format Take-Up: Single-tenant absorption of ~4.52 Lakh sq. ft. across 10 floors
๐น Campus Integration: Anchor-scale presence inside Prestige Group's prime commercial park
๐น Strategic Growth: Long-term operational commitment to Bengaluruโs institutional-grade Grade-A office ecosystem
As global enterprises continue to deepen their high-value capability centers, Bengaluruโs premier commercial developments maintain steady momentum driven by large-scale enterprise campus leasing
Media coverage:
HT: hindustantimes.com/real-estaโฆ
๐ช๐ก๐ฆ ๐น๐ฒ๐ฎ๐๐ฒ๐ ๐ฏ.๐ฎ๐ฎ ๐๐ฎ๐ธ๐ต ๐๐พ. ๐ณ๐. ๐ฎ๐ ๐๐ถ๐ฟ๐ฎ๐ป๐ฎ๐ป๐ฑ๐ฎ๐ป๐ถ ๐๐ฒ๐ป๐๐ฎ๐๐ฟ๐๐, ๐ง๐ต๐ฎ๐ป๐ฒ; ๐๐ผ๐๐ฎ๐น ๐ฟ๐ฒ๐ป๐ ๐ผ๐๐๐ณ๐น๐ผ๐ ๐ผ๐ณ โน๐ฒ๐ญ๐ต ๐๐ฟ.
Global business process management leader WNS has significantly expanded its operational presence in the Mumbai Metropolitan Region (MMR). WNS Global Services Private Limited has executed two fresh lease agreements spanning 3,22,447 sq. ft. of carpet area across five floors (Floors 3 to 7) at Hiranandani Centaurus, Thane.
The transaction represents a massive long-term rental commitment of โน619 Cr, backed by an initial security deposit of โน34.8 Cr, with monthly rentals standing at โน2.90 Cr.
๐๐ฒ๐ ๐๐ฒ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
๐น Lessor: Roma Builders Private Limited
๐น Lessee: WNS Global Services Private Limited
๐น Asset: Hiranandani Centaurus, Thane
๐นCarpet Area: 3,22,447 sq. ft. (Floors 3, 4, 5, 6 & 7)
๐น Monthly Rent: โน2.90 Cr (โน90/sq. ft./month on carpet)
๐ ๐๐ฒ๐ฎ๐๐ฒ ๐ฆ๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ & ๐ง๐ฒ๐ป๐๐ฟ๐ฒ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ฑ๐ผ๐๐ป
This transaction reflects a dual-tenure strategy tailored for long-term core scaling alongside flexible near-term capacity additions.
As multinational enterprises continue to anchor and scale their global delivery networks in India, prime institutional developments in Thane maintain strong absorption momentum driven by integrated township infrastructure, grade-A commercial supply, and extensive talent access.
Media coverage
BS: business-standard.com/amp/coโฆ
๐๐ฒ๐ฑ๐๐
๐ฒ๐
๐ฝ๐ฎ๐ป๐ฑ๐ ๐ถ๐๐ ๐๐๐ฑ๐ฒ๐ฟ๐ฎ๐ฏ๐ฎ๐ฑ ๐ณ๐ผ๐ผ๐๐ฝ๐ฟ๐ถ๐ป๐ ๐๐ผ ๐ฏ.๐ณ๐ฌ ๐๐ฎ๐ธ๐ต ๐๐พ. ๐ณ๐. ๐ฎ๐ ๐ฃ๐ต๐ผ๐ฒ๐ป๐ถ๐
๐๐ฒ๐ป๐๐ฎ๐๐ฟ๐๐.
Global logistics and supply chain giant FedEx has deepened its operational presence in Hyderabad's prime IT corridor. FedEx Express Transportation and Supply Chain Services (India) Private Limited has executed a fresh lease transaction spanning 1,19,526 sq. ft. of chargeable area on the 17th floor of Phoenix Centaurus, Manikonda/Gachibowli.
Over a 5-year lease tenure, the transaction represents a total rental commitment of ~โน55.57 Cr, backed by an initial security deposit of โน8.39 Cr.
๐๐ฒ๐ ๐๐ฒ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
๐น Lessor: Athena Global Technologies Limited
๐น Lessee: FedEx Express Transportation and Supply Chain Services (India) Private Limited
๐น Asset: Phoenix Centaurus, Manikonda / Gachibowli, Hyderabad
๐น Chargeable Area: 1,19,526 sq. ft.
๐น Monthly Rent: ~โน93.23 Lakhs (โน78/sq. ft./month)
๐น Lease Tenure: 5 Years
๐ ๐ฃ๐ผ๐ฟ๐๐ณ๐ผ๐น๐ถ๐ผ ๐ฆ๐ฐ๐ฎ๐น๐ฒ & ๐๐ฎ๐บ๐ฝ๐๐ ๐๐ผ๐ป๐๐ผ๐น๐ถ๐ฑ๐ฎ๐๐ถ๐ผ๐ป This transaction highlights continued large-format office space absorption and institutional tenant commitment within the IT/ITES SEZ corridor.
๐น Existing Footprint: ~2.50 Lakh sq. ft. operational space
๐น Fresh Expansion: 1,19,526 sq. ft. added to support ongoing operations
๐น Total Campus Footprint: Increases FedExโs consolidated occupancy at Phoenix Centaurus to ~3.70 Lakh sq. ft.
As global enterprises continue to anchor and scale their capability and support centers in India, institutional-grade commercial developments in Hyderabad maintain steady leasing momentum driven by footprint additions and campus consolidations.
Media coverage:
HT: hindustantimes.com/real-estaโฆ










