In one of Hyderabad’s largest commercial real estate deals, Tata Consultancy Services (TCS) has leased over one million square feet of office space in the city’s Financial District. The long-term lease underscores the IT giant’s commitment to the region and reflects Hyderabad’s rising appeal as a tech and business powerhouse.
A Landmark 15-Year Deal
The leased Grade-A building is jointly owned by Rajapushpa Asset Management LLP and Paradigm Corporation Pvt. Ltd. The 15-year deal includes an annual rent of Rs 52.44 crore with a 12 percent escalation each year. TCS will occupy all 19 floors of the building, paying Rs 43 per square foot per month, totalling approximately Rs 4.37 crore monthly. A security deposit of Rs 26.2 crore has also been made.
Hyderabad Continues to Attract Big Tech
“This deal reinforces Hyderabad’s emergence as a major technology and business hub,” said a source familiar with the transaction. According to Savills India, the city witnessed strong leasing activity in Q1 2025, with over 2 million sq. ft. leased by large and mid-sized occupiers—making up more than 80 percent of total leasing activity.
Tech Sector Leads Office Leasing Trends
Across India, the technology sector led office leasing in Q1 2025 with a 32 percent share, followed by BFSI at 21 percent and flexible workspaces at 13 percent. Large deals above 100,000 sq. ft. accounted for nearly half of all leasing activity. Overall office absorption in India’s top six cities hit 18.9 million sq. ft. in Q1, the strongest first quarter since 2020.
TCS Bets Big Despite Mixed Q4 Results
TCS, which has a global workforce of about 6.8 lakh, hired 625 employees in the March quarter and 6,433 across FY25. Despite a modest 5.3 percent revenue growth year-on-year, the company’s net profit dipped by 1.7 percent in Q4 to Rs 12,224 crore. This Hyderabad expansion signals TCS’s continued confidence in future growth and talent acquisition.
