{"id":1346,"date":"2026-01-15T17:38:28","date_gmt":"2026-01-15T12:08:28","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=1346"},"modified":"2026-01-28T15:23:21","modified_gmt":"2026-01-28T09:53:21","slug":"hartford-global-services-commits-to-1-6-lakh-sq-ft-office-lease-in-hyderabads-gachibowli","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/hartford-global-services-commits-to-1-6-lakh-sq-ft-office-lease-in-hyderabads-gachibowli\/","title":{"rendered":"Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad\u2019s Gachibowli"},"content":{"rendered":"\n

Hartford Global Services has expanded its India operations with a large office lease in Hyderabad. The US-based insurer\u2019s India arm has taken 1.59 lakh sq ft of office space in Gachibowli, one of the city\u2019s key IT corridors. The deal comes with a monthly rent of \u20b992.28 lakh, according to lease documents accessed by CRE Matrix<\/a>.<\/p>\n\n\n\n

The office is located in Kalyani Trident and spans the 21st and 22nd floors. Hartford will pay \u20b944.48 lakh per month for 76,701 sq ft on the 21st floor. Additionally, it will pay \u20b947.79 lakh per month for 82,406 sq ft on the 22nd floor.<\/p>\n\n\n\n

Lease Structure, Rentals, and Key Terms<\/h4>\n\n\n\n

The rent works out to \u20b958 per sq ft per month across both floors. Hartford has paid a security deposit of \u20b95.53 crore as part of the agreement.<\/p>\n\n\n\n

The lease runs for five years with a three-year lock-in period. Moreover, the agreement includes a 15% rent escalation every three years. The company also secured 213 car parking slots, each charged at \u20b93,500 per car per month.<\/p>\n\n\n\n

The lease was officially registered on December 9, 2025, and Hartford paid a stamp duty of \u20b914 lakh. <\/p>\n\n\n\n

Hartford will begin paying rent for the 21st-floor space from March 1, 2026. Meanwhile, rent payments for the 22nd-floor premises will start from September 1, 2026.<\/p>\n\n\n\n

Gachibowli\u2019s Growing Appeal<\/h4>\n\n\n\n

Gachibowli continues to attract global occupiers. The micro-market benefits from steady demand from global capability centres, IT firms, and financial services companies. It also offers Grade A office developments, strong road connectivity via the Outer Ring Road, upcoming metro links, and easy access to the international airport.<\/p>\n\n\n\n

As a result, Gachibowli remains a preferred destination for large, long-term office leasing deals.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h4>\n\n\n\n

Recent office transactions in Hyderabad reflect steady occupier confidence across key IT corridors. Large leasing deals by global firms highlight sustained demand for Grade A spaces, flexible lease structures, and well-connected micro-markets such as Gachibowli and Hitec City. <\/p>\n\n\n\n

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space<\/a> at Prestige Skytech \u2013 Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, Facebook India leased 69,702 sq ft office space in Hyderabad\u2019s Hitec City<\/a>. <\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights.\u00a0Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/em><\/strong><\/h4>\n\n\n\n