The Executive Centre has leased 2 lakh sq ft at Avance Business Hub in Hyderabad’s HITEC City for a premium flexible workspace centre. The five-year deal reflects rising enterprise demand, strong IT corridor growth, and continued investment in serviced offices, with expansion plans targeting scalable workspace solutions across India’s major technology markets.
Hong Kong-headquartered The Executive Centre has leased nearly 2 lakh sq ft of Grade-A office space at Avance Business Hub in HITEC City, reinforcing the rising demand for premium flexible workspaces across India’s major IT hubs. The property, owned by Phoenix Infocity Private Limited, is located within one of the country’s fastest-growing enterprise corridors.
According to documents shared by Propstack, the transaction “underscores the surging demand for flexible workspaces in India’s key IT hubs amid ongoing corporate expansions.” The lease deed was executed in February 2026, marking another major enterprise-led expansion in the city’s commercial office market.
Deal Structure Highlights Long-Term Expansion Strategy
The agreement covers floors 3 and 4 of the commercial tower in warm-shell condition, enabling customised fit-outs for serviced offices, coworking suites, and enterprise-managed workspace formats. The base rental stands at ₹110 per sq ft per month, translating into a monthly outflow of approximately ₹2.24 crore, with a 5% annual escalation clause built into the contract.
The five-year lease tenure begins from February 2026, with rent payments commencing in August after a six-month rent-free fit-out window. The deal includes a refundable security deposit of ₹14.39 crore, along with access to shared infrastructure, including parking, building maintenance, and 24/7 operational services.
Fit-out guidelines emphasise safety compliance, green building standards, and structural integrity—factors increasingly prioritised by multinational occupiers seeking ESG-aligned workspace solutions.
Flexible Workspace Growth Driven by IT and GCC Ecosystem
The new Hyderabad centre aligns with The Executive Centre’s broader India expansion strategy, which includes an investment of nearly ₹125 crore to launch multiple premium flexible workspace locations across key metros. The company plans to add approximately 2.6 lakh sq ft through new centres, with Hyderabad emerging as a strategic growth market due to strong demand from enterprise clients and Global Capability Centres (GCCs).
The project benefits from strong connectivity through the city’s infrastructure network, including access to the Outer Ring Road and proximity to established corporate campuses. HITEC City continues to attract global firms such as UnitedHealth Group and Mylan, strengthening the region’s demand pipeline for scalable managed office solutions.
Investor Confidence Remains Strong in Telangana’s Tech Corridor
Industry data suggests that flexible workspace operators are increasingly securing large-format leases to meet enterprise demand for agility, hybrid work models, and plug-and-play infrastructure. Market observers note that such transactions act as indicators of sustained investor confidence in Telangana’s commercial real estate ecosystem.
With Hyderabad continuing to attract technology, pharma, and consulting firms, the expansion reflects a broader shift toward premium flexible workspace formats that combine hospitality-grade design with operational scalability. As enterprise occupiers prioritise adaptability and speed-to-market, large leasing transactions like this are expected to remain a defining trend across India’s evolving office landscape.
