Tata Consultancy Services (TCS), one of India’s leading IT services giants, has made a significant stride in Hyderabad’s booming commercial real estate sector by leasing a staggering 1 million square feet of office space. The agreement, valued at ₹4.3 crore in monthly rent, marks one of the biggest office leasing deals in the city’s Financial District recently.

A Strategic Expansion

The leased space is situated in the bustling Nanakramguda area, a part of Hyderabad’s Financial District known for its emerging status as a tech and corporate hub. The facility is being leased from Kerzner International-backed GAR Infobahn, a prominent real estate developer with operations in premium commercial properties.

This move is viewed as part of TCS’s broader strategy to bolster its physical presence in key markets across India, with Hyderabad standing out for its business-friendly policies, talent pool, and infrastructure.

Lease Details and Market Impact

The lease agreement spans an extensive 1 million square feet across two towers developed by GAR Infobahn. With a monthly rent pegged at ₹4.3 crore, the annual outlay by TCS exceeds ₹51 crore — a notable testament to the city’s growing clout as a commercial real estate destination.

Industry experts estimate that this transaction will positively influence Hyderabad’s Grade-A office market, which has seen sustained demand from major IT and financial services firms. The deal also underlines the rising confidence of top-tier corporates in long-term office space commitments despite changing work trends.

Why Hyderabad?

Hyderabad continues to strengthen its reputation as a magnet for IT and financial services companies. The city offers a blend of cost-effective operations, strategic infrastructure investments, and a skilled workforce. Over the past few years, global and domestic IT companies have expanded their footprints in the city, contributing to robust commercial real estate activity.

The Telangana Government’s proactive policies and the rapid development of tech parks and business districts have further encouraged investments from companies like TCS, Infosys, Google, and Amazon.

Conclusion

TCS’s decision to lease such a vast office space in Hyderabad underscores the city’s growing prominence in India’s tech and innovation ecosystem. This move not only validates Hyderabad’s status as a key business hub but also signals continued optimism in India’s commercial real estate sector, particularly for large-scale corporate occupiers looking to expand in high-growth regions.