Microsoft Leases 2.65 Lakh Sq Ft Office in Hyderabad

26 Aug 2025 CW Team

Microsoft India R&D has leased 265,000 sq ft of office space at Phoenix Centaurus in Gachibowli, Hyderabad. The sub-lease, signed with managed office space operator Tablespace Technologies, covers the 3rd and 4th floors and commenced in July 2025.

The five-year agreement involves a monthly rental of Rs 54 million, translating to Rs 204 per sq ft. The payment structure includes a base rent of Rs 67 per sq ft along with common area maintenance charges, operating expenses, capital expenses, and management fees. The deal carries an annual escalation of 4.8 per cent and a security deposit of Rs 421.5 million. Microsoft has also paid Rs 9.29 million as stamp duty and registration charges.

Tablespace Technologies holds the master lease with Phoenix Tech Zone, paying a base rent of Rs 67 per sq ft plus Rs 16.28 per sq ft in CAM charges.

The transaction highlights the growing demand in Hyderabad’s Grade-A office market, which remains one of the most resilient in India. According to Knight Frank India, the city recorded nearly 10 million sq ft of gross leasing in FY24, led largely by technology firms. Market observers noted that Microsoft’s expansion reinforces occupier confidence in Hyderabad’s infrastructure, talent pool, and competitive costs.

Microsoft continues to scale its real estate footprint across India, with major operations already established in Bengaluru, Hyderabad, Noida, and Pune.

Other Major Hyderabad Deals:

In 2024, Tata Consultancy Services leased 1.02 million sq ft in Serlingampally Mandal at a monthly rent of Rs 43 million.
In December 2024, Facebook renewed its lease for 370,000 sq ft in Hyderabad, paying a combined monthly rent of Rs 28 million.

Industry experts said such large-scale transactions signal strong absorption and rental stability in Hyderabad’s commercial real estate market despite new supply.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..