Tech Mahindra Leases 4 Lakh Sq. Ft. Office Space In Hyderabad In ₹410.9 Crore Deal
Tech Mahindra has signed a major long-term lease agreement for nearly 4 lakh square feet of office space at Aparna Technopolis in Kondapur, Hyderabad. The lease, valued at approximately ₹410.9 crore over a period of 10 years, marks one of the significant commercial real estate transactions in the city's technology sector. The move reflects the company's continued expansion and confidence in Hyderabad as a key business destination.
The leased office space is located in Aparna Technopolis, a premium commercial development situated in Hyderabad's thriving IT corridor. The facility is expected to accommodate a large workforce and support the company's growing operations in digital technologies, software services, and global business solutions. The deal further strengthens the city's reputation as a preferred destination for leading technology firms.
Industry experts believe the transaction highlights the increasing demand for high-quality office spaces from Global Capability Centres (GCCs) and major IT companies. Hyderabad has emerged as one of India's most attractive commercial markets due to its modern infrastructure, business-friendly policies, and availability of skilled talent. Large-scale leasing activities such as this demonstrate sustained confidence in the city's economic growth.
The investment is expected to generate thousands of employment opportunities, both directly and indirectly. Expansion by large technology companies often creates demand across multiple sectors, including facility management, transportation, hospitality, and retail services. The development is likely to contribute positively to the local economy and further enhance Hyderabad's position as a major employment hub.
With world-class infrastructure, seamless connectivity, and a rapidly growing technology ecosystem, Hyderabad continues to attract substantial domestic and international investments. Tech Mahindra's latest leasing decision reinforces the city's status as one of India's fastest-growing technology and commercial destinations, while also signaling continued growth prospects for the region's office real estate market.