HSBC Electronic Data Processing India Private Limited has strengthened its presence in Hyderabad by sub-leasing approximately 2.03 lakh square feet of Grade A office space in Gachibowli under a deal valued at nearly ₹388 crore. According to property registration documents accessed by Propstack, the office space has been taken on sub-lease from Executive Centre India Limited at Phoenix H09, located within Avance Business Hub in Hyderabad's prime commercial corridor. The agreement highlights continued demand for premium office space from multinational corporations as Hyderabad further strengthens its position as one of India's leading commercial real estate destinations.
The registered agreement covers the entire third office floor (Level 8) and fourth office floor (Level 9), comprising a super built-up area of 2,03,755 square feet and a carpet area of 1,30,802 square feet. The lease was registered on June 30, 2026, while both the lease commencement and rent commencement dates began on July 1, 2026. The transaction reflects HSBC's long-term commitment to expanding its technology and business operations in Hyderabad, a city that continues to attract major global financial institutions and Global Capability Centres (GCCs).
Lease Terms and Financial Details
The office space has been sub-leased for a period of four years and seven months at a monthly rental of ₹6.42 crore, translating to a rental rate of ₹315 per square foot. Over the entire lease period, the total rental commitment is estimated at around ₹388 crore. HSBC has also deposited a security amount of ₹38.51 crore with the sub-lessor. The agreement includes a 5% annual rent escalation, reflecting prevailing trends in Hyderabad's premium commercial office market.
Parking and Occupancy Arrangements
The lease provides HSBC with 250 paid car parking spaces. Of these, 204 parking slots have been leased at ₹3,500 per slot per month, while the remaining 46 slots are charged at ₹4,500 per slot each month. Before the official commencement of the lease, HSBC also entered into a one-time occupancy arrangement for June 2026, paying ₹110 per square foot along with common area maintenance (CAM) charges of ₹15.50 per square foot to facilitate early access to the premises.
Also Read: ExxonMobil Leases 2.35 Lakh Sq Ft in Whitefield
Hyderabad Continues to Attract Global Occupiers
Gachibowli remains one of Hyderabad's most sought-after commercial micro-markets, housing numerous multinational corporations, IT companies and financial institutions. Supported by modern office infrastructure, excellent connectivity and a large skilled workforce, the locality continues to witness significant leasing activity from global occupiers. Large office transactions by multinational companies reinforce Hyderabad's reputation as one of India's fastest-growing office markets and a preferred destination for Global Capability Centres.
Commercial Office Market Remains Strong
India's office market has maintained strong momentum during 2026, with multinational corporations continuing to expand operations despite global economic uncertainties. Hyderabad has been among the biggest beneficiaries of this trend, recording sustained demand for Grade A office developments from technology firms, banking institutions, engineering companies and flexible workspace operators. HSBC's latest transaction further demonstrates continued confidence in the city's long-term commercial real estate prospects.
- Tenant: HSBC Electronic Data Processing India Private Limited.
- Sub-lessor: Executive Centre India Limited.
- Location: Phoenix H09, Avance Business Hub, Gachibowli, Hyderabad.
- Office space: 2,03,755 sq ft.
- Lease tenure: Four years and seven months.
- Monthly rent: ₹6.42 crore.
- Total lease value: Approximately ₹388 crore.
- Security deposit: ₹38.51 crore.
- Annual rent escalation: 5%.
- Parking spaces: 250.
Another Landmark Deal for Hyderabad's Office Market
HSBC's latest office sub-lease underscores Hyderabad's continued appeal as a destination for global corporations seeking high-quality commercial space. With strong infrastructure, a growing talent base and sustained investment in business districts such as Gachibowli, the city continues to attract major occupiers across banking, technology and financial services. Transactions of this scale further reinforce Hyderabad's position as one of India's leading commercial real estate markets.
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