Tech Mahindra Signs 10-Year Lease For Nearly 0.397 mn Sq Ft

26 Jun 2026 CW Team

Tech Mahindra Limited has signed a 10-year lease for 0.397 million (mn) sq ft of office space at Aparna Technopolis in Hyderabad's Kondapur area. The agreement carries an initial monthly rent of Rs 30.6 mn and implies a total rent of about Rs 4.11 bn over the lease term. The transaction was recorded in documents accessed by CRE Matrix.

The deal covers the entire 12th to 15th floors across Blocks A and B and was executed for a 10-year tenure, with registration on 11 June 2026. Tenancy will commence on 10 September 2026 and end on 9 December 2035. Tech Mahindra deposited a security amount of Rs 183.6 mn and secured access to 400 car parking spaces.

The lease specifies an initial rate of Rs 77 per sq ft per month and provides for 15 per cent rent escalation every three years. The arrangement is warm-shell, with the landlord supplying essential infrastructure including 100 per cent power backup and air-conditioning to the air handling unit rooms. The company was also granted a right of first refusal on the 18th floor for the first 12 months of the lease.

Aparna Technopolis offers an approximate leasable carpet area of 1.825 million (mn) sq ft, positioning it among larger office developments on Hyderabad's IT corridor. Market data indicate Hyderabad's gross leasing volume crossed 3.15 million (mn) sq ft in Q1 2026, up 21.6 per cent year-on-year, driven by large transactions. Average stock-weighted rent rose to Rs 92.2 per sq ft per month, with Madhapur commanding Rs 105.5 and Gachibowli Rs 72.3 per sq ft.

Sectoral leasing was led by IT-BPM firms with a 36 per cent share, followed by flexible workspace operators at 30 per cent and banking, financial services and insurance at 23 per cent, while global capability centres leased 0.83 million (mn) sq ft during the quarter. The record notes that further updates will follow should the company respond to queries sent by email.

Real Estate

16 Jul 2026

VeARC leases 27,000 sq ft office space in Bengaluru

VeARC India has leased approximately 27,000 sq ft of office space at The Executive Centre's (TEC) Helios Business Park on Outer Ring Road (ORR), Bengaluru, to support the expansion of its Global Capability Centre (GCC) operations.The new workspace accommodates more than 450 workstations and is intended to support the company's growing workforce in India. VeARC India serves as the Global Capability Centre for Long Arc Capital.Located on Bengaluru's Outer Ring Road, the office provides access to one of the city's key technology and business corridors. The expansion comes amid continued growth in..

Bharat Shah Family Buys Four Luxury Apartments In Worli For Rs1.8 bn

The family of veteran investor Bharat Shah has acquired four ultra-luxury apartments on the higher floors of Kalpataru One in Worli, South Mumbai, for Rs1.8 billion (bn). The purchases were registered on 6 July 2026 and were executed through Preeti Bharat Shah and Kinnari Bharat Shah, who bought the flats from Kalpataru Properties Limited. Property registration documents reviewed by Zapkey show the total consideration at Rs1.7941 billion. The transactions recorded a per square foot RERA carpet price of Rs0.101 million (mn), with each apartment valued at about Rs448.5 million. The four residenc..

NITI Aayog Consultation On Critical Mineral Supply Chains

NITI Aayog convened a stakeholder consultation in New Delhi on Wednesday to assess requirements for critical minerals across strategic sectors, bringing together experts from government, research institutions, academia and industry. The meeting aimed to estimate current and future demand, identify supply chain vulnerabilities and discuss measures to strengthen domestic capabilities in exploration, processing and recycling. The exercise formed part of broader efforts to secure mineral value chains essential for economic growth, technological advancement and national security.\n\nDiscussions con..