TCS Leases Hyderabad Office Space for Rs 4.37 Crore Monthly at Rajapushpa Paradigm

TCS Secures Major Hyderabad Office Lease

Tata Consultancy Services (TCS), India’s leading multinational IT services company, has made headlines by signing a landmark lease agreement for a massive office space in Hyderabad’s Nanakramguda business district. The company has committed to a monthly rent of Rs 4.37 crore for a sprawling 10.2 lakh square feet at the prestigious Rajapushpa Paradigm, according to lease documents reviewed via Propstack.

Details of the Lease Agreement

The lease, which began on October 1, 2024, spans 15 years and was executed on March 21, 2025. TCS has paid a deposit of Rs 26.2 crore, equivalent to six months’ rent. The rental rate is set at Rs 43 per square foot, with a 12% escalation every three years, reflecting both the scale of the deal and the confidence in Hyderabad’s commercial property market.

About Rajapushpa Paradigm

Developed by the Rajapushpa Group, Rajapushpa Paradigm is a Grade-A commercial building in the heart of Hyderabad’s Financial District. Completed in 2022, the building boasts 19 floors, modern amenities like a food court, landscaped gardens, gym, crèche, and ATM, and is surrounded by major corporate neighbors such as Wipro, ICICI, Broadridge, and Infosys. The project’s prime location and state-of-the-art facilities make it a magnet for top-tier companies.

Hyderabad’s Commercial Real Estate Landscape

According to Propstack, the average deal size in Nanakramguda over the last year was around 56,000 square feet, with typical rents at Rs 70 per square foot. TCS’s lease stands out for its sheer scale and competitive rate, underlining the company’s long-term commitment to Hyderabad.

The city’s commercial real estate market remains dynamic. Data from Vestian shows that Hyderabad absorbed 2.7 million square feet of office space in Q1 2025, a 17% increase year-on-year. However, the city also holds 28 million square feet of vacant stock-the highest among India’s top seven cities-suggesting a robust pipeline of supply and ongoing demand from major occupiers.

Strategic Location and Developer Reputation

Nanakramguda’s Financial District is renowned for its connectivity, proximity to key business hubs, hospitals, hotels, and premium dining. The Rajapushpa Group has a strong reputation for delivering innovative, high-quality commercial and residential projects, further enhancing the appeal of Rajapushpa Paradigm.

The Bigger Picture

This landmark lease not only strengthens TCS’s presence in Hyderabad but also signals the city’s ongoing emergence as a technology and business powerhouse. With its modern infrastructure, strategic location, and world-class amenities, Rajapushpa Paradigm is set to remain a preferred address for India’s leading corporations.