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The agreement also includes an annual escalation of 4.8 per cent and a security deposit of ₹42.15 crore for a 60-month lease.Microsoft India (R&D) has signed one of Hyderabad’s largest office lease transactions this year, taking up 264,000 sq ft in the city’s financial district.
The global technology major has entered into a fresh five-year lease with managed workspace operator Table Space Technologies, with the contract commencing on July 1, 2025, mentioned in the registered lease document shared by Propstack.
The deal covers the third and fourth floors of the building, with a chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at ₹67 per sq ft while its total outgoing cost works out to ₹5.4 crore per month or ₹204 per sq ft, once common area maintenance, operating expenses, capital expenditure and management fees are factored in, the document mentioned.
The agreement also includes an annual escalation of 4.8 per cent and a security deposit of ₹42.15 crore for a 60-month lease.
For Microsoft, the new lease marks a significant expansion of its Hyderabad footprint. The company first set up its India Development Centre in the city in 1998 and has since grown to make India its largest R&D base outside the US.
Its Gachibowli campus already serves as a hub for engineering, artificial intelligence, and cloud innovation. The new space at Phoenix Centaurus is expected to house additional R&D teams and technology units.
“Large tech occupiers continue to bet on Hyderabad due to its talent availability, infrastructure and cost advantage,” said a senior workspace real estate consultant. “Transactions like this indicate that global corporations are not just consolidating but also expanding in the city, especially in premium Grade-A spaces,” he said.
- Published On Aug 25, 2025 at 11:49 AM IST
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