Hyderabad Lands Million-Square-Foot Office Deal, Reinforcing Its Position as a Leading Business Hub
- Industry News
- June 29, 2026

Hyderabad has secured a major office leasing transaction covering more than one million sq. ft. in its western technology corridor. The deal ranks among the city’s largest recent workplace commitments and underscores strong demand from technology companies and GCCs, driving the growth of Hyderabad’s commercial real estate market.
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Innov8 has acquired Vatika Business Centres, adding 11 premium business centres across New Delhi, Gurugram, Chennai, Bengaluru, Hyderabad, Noida, and Pune. The acquisition strengthens Innov8’s managed workspace portfolio, expands its enterprise reach, and reflects the growing consolidation trend in India’s rapidly evolving flexible office space market.
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Accenture has leased more than 10.16 lakh sq. ft. of office space at Aparna Technopolis in Hyderabad under a 10-year agreement. The deal, one of the city’s largest recent office transactions, underscores Hyderabad’s growing appeal for technology firms, GCCs, and multinational occupiers seeking large-format Grade A workspaces.
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A new JLL report says Mumbai’s office market is entering a new growth phase as soaring property prices and limited land in Bandra-Kurla Complex push commercial expansion toward Dharavi’s H Block. Backed by major infrastructure projects, the area is expected to attract businesses seeking premium office space at comparatively lower costs.
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