Properties in Gurugram
One of the largest office leasing agreements in Hyderabad has been signed by global IT and consulting firm Accenture that has acquired over 10.16 lakh sq ft (about 1 million sq ft) of premium space at the Aparna Technopolis in Kondapur, in a 10-year contract signed on June 10, 2026.
The company has occupied Block A floor 1 to 11 and Block B floor 2 to 11 of the commercial tower- a total of 21 floors.
The chargeable area of the leased premises is 10,16,912 sq ft with a usable carpet area of about 7.57 lakh sq ft.
The area is occupied under warm shell conditions and will be occupied in two stages.
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Financial Breakdown
Accenture will pay a starting monthly rent of around ₹7.53 crore, with a security deposit of ₹29.5 crore.
The lease has a 4.25% yearly rise of rent.
The office rate is pegged at 74 per sq ft, whereas cafeteria space will cost 37 per sq ft.
Phase 1 Financials
Phase 1 monthly rent starts at around 3.53 crore to about 5.14 crore.
Phase 2 Financials
Phase 2 will commence at 3.69 crore to almost 5.37 crore.
The overall rental commitment will exceed more than 1000 crores throughout the lease tenure.
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Phased Rollout
Phase 1
- Area: 5,17,812 sq ft
- Lease Commencement: April 1, 2026
- Rent Payment Commencement: December 16, 2026
Phase 2
- Lease Commencement: September 2026
- Rent Payment Commencement: February 1, 2027
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Market Context
The transaction is an indication of robust leasing activity within the office market of India where cities such as Hyderabad, Bengaluru, Pune, and Chennai are becoming the preferred location by multinational companies and Global Capability Centres (GCCs) due to the availability of highly skilled talent, quality infrastructure, and affordable rates.
CBRE stated that more than 21% of total office space consumption in Q1 2026 was by fortune 500 companies.
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