Accenture has entered into a 10-year lease for over 1 million square feet of office space at Aparna Technopolis in Hyderabad. Valued at Rs 900 crore, the deal confirms continued demand for large, campus-style office environments among global firms. This expansion follows the company's recent leasing activity in Pune and highlights the strong preference for Tier-1 technology hubs in India.
What Happened
Global professional services firm Accenture has signed a major office leasing deal in Hyderabad. The company has secured over 1 million square feet of space at the Aparna Technopolis complex located in the Kondapur area. This 10-year lease agreement involves a total commitment of approximately Rs 900 crore. The deal, which was officially registered on June 10, 2026, marks one of the larger recent office space acquisitions by a multinational corporation in India.
The Deal Details
The leased premises cover 10,16,912 square feet spread across 21 floors in two separate blocks. According to industry records, the financial terms include a security deposit of Rs 29.5 crore. The rental structure is split between office space, priced at Rs 74 per square foot, and cafeteria space, priced at Rs 37 per square foot. The lease is set to begin in phases, with rental payments scheduled to commence later in 2026.
Why Global Firms Keep Leasing Large Offices
This transaction is a notable indicator for the commercial real estate sector. Despite the rise of hybrid and remote work models, large multinational corporations—often operating Global Capability Centres (GCCs)—continue to invest in massive, campus-style office environments in India. These firms require scalable infrastructure to house their expanding workforce, conduct training, and manage large-scale technology delivery. For real estate investors and market analysts, this move suggests that while work patterns have changed, the demand for high-quality, large-format office space remains robust for major tech employers.
Hyderabad's Growing Commercial Appeal
Hyderabad has cemented its position as a preferred destination for global technology and professional services companies. The city offers several competitive advantages that attract large occupiers, including a deep pool of skilled technology talent, relatively competitive occupancy costs compared to other major metros, and the availability of institutional-grade office parks. The Aparna Technopolis project is an example of the large-scale infrastructure designed to meet these specific requirements, with efficient floor plates that appeal to large corporations seeking to centralize their operations.
What Investors Can Monitor
The broader trend to watch is whether the pace of leasing by multinational firms remains steady throughout the year. While a single deal does not define the entire market, the combination of this Hyderabad expansion with Accenture's recent 600,000-square-foot lease in Pune indicates a clear strategy to consolidate and expand its Indian delivery capabilities. For those tracking the commercial real estate sector, important monitorables include occupancy rates in top-tier tech hubs, rental growth trends in key micro-markets like Kondapur, and whether other large IT firms follow suit with similar long-term lease commitments.