In one of Hyderabad’s largest workspace deals this year, WeWork India has leased 1,75,953 sq ft at Skyview 20, a Grade-A commercial tower in Hitech City’s Madhapur district, before sub-leasing the entire space to JP Morgan Services India Pvt Ltd. The transactions were registered this month, according to documents accessed by CRE Matrix.

WeWork India Management Ltd signed a 60-month lease with Mahanga Commercial Properties at a starting monthly rent of Rs 172.43 million, supported by a security deposit of Rs 103.4 million. The lease covers the fifth and sixth floors, includes 176 car parks, features a four-and-a-half-month fit-out period, and carries a 15 per cent rent escalation after 36 months. The handover date is set for 1 July 2025, with a lock-in of 40 months and 15 days.

On 13 November 2025, WeWork executed a General Service Agreement with JP Morgan, sub-leasing the same 1.76 lakh sq ft at a starting monthly rent of Rs 438.12 million and a security deposit of Rs 259.7 million. The sub-lease includes 1,501 desks, 176 parking slots, a 24-month lock-in period, 5 per cent annual rent escalation and fit-out charges of Rs 3,540 per sq ft.

The substantial spread between WeWork’s lease rate (Rs 98 per sq ft) and the sub-lease rate (Rs 249 per sq ft) highlights the premium commanded by its fit-outs, amenities, managed services and customised workspace design—factors increasingly sought after by large occupiers such as JP Morgan.

Skyview 20, located on Hitech City Main Road, forms part of the wider Skyview campus, one of Hyderabad’s most sought-after Grade-A tech parks. The development continues to attract major global financial and technology firms, driven by its prime location, metro access and demand for high-density, high-quality office environments.