India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Hyderabad has emerged as India’s highest-priced Global Capability Centre (GCC) office market, according to the inaugural IIM Bangalore–CRE Matrix GCC Rental Index. The report highlights premium rentals, strong occupier demand, and growing momentum across Bengaluru, Pune, Mumbai, and Delhi-NCR as GCCs continue to shape India’s commercial real estate landscape.
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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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Hyderabad recorded 4.4 million sq ft of large office leasing in Q1 2026, reflecting a 69% year-on-year increase, according to Knight Frank India. Large office transactions accounted for 75% of the city’s total leasing activity, highlighting rising demand for premium Grade A workspaces, ESG-compliant infrastructure, and scalable office campuses.
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Apple India has leased 57,000 sq ft of office space at WaveRock IT Park, Hyderabad, for ₹71.67 lakh per month, taking its total campus footprint to 6.34 lakh sq ft. The lease spans five floors with a three-year lock-in, warm-shell interiors, and 57 car parking spaces.
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WeWork India has signed a lease agreement to expand its Hyderabad footprint by around 3,300 desks, backed by an estimated investment of ₹100 crore. The expansion, expected to be completed by June 2026, comes as the company reports 83.9% utilisation on its current 1,21,638-desk capacity.
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Hartford Global Services has leased 1.59 lakh sq. ft. of Grade A office space in Hyderabad’s Gachibowli for a five-year term, paying a monthly rent of ₹92.28 lakh. The deal highlights sustained demand from global insurers and BFSI firms and reinforces Gachibowli’s position as a leading office hub.
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