{"id":3644,"date":"2026-07-09T16:15:54","date_gmt":"2026-07-09T10:45:54","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=3644"},"modified":"2026-07-09T16:17:45","modified_gmt":"2026-07-09T10:47:45","slug":"hsbc-india-unit-signs-major-office-sublease-for-130000-sq-ft-in-hyderabad","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/hsbc-india-unit-signs-major-office-sublease-for-130000-sq-ft-in-hyderabad\/","title":{"rendered":"HSBC India Unit Signs Major Office Sublease for 130,000 Sq Ft in Hyderabad"},"content":{"rendered":"\n

Hyderabad continues to retain its position as one of India’s most sought-after office markets, and HSBC’s latest office transaction is another strong indicator of this momentum. According to documents accessed by CRE Matrix<\/a>, HSBC Electronic Data Processing India Private Limited has subleased more than 130,000 sq ft of carpet office space in Hyderabad’s HITEC City. The deal reflects the growing confidence of global capability centres (GCCs) in the city’s commercial real estate ecosystem.<\/p>\n\n\n\n

Deal Details<\/strong><\/h2>\n\n\n\n

HSBC Electronic Data Processing India has subleased the office space at Phoenix H09, Avance Business Hub, HITEC City. It has been subleased from flexible workspace operator Executive Centre India. It occupies the third floor and the entire fourth floor, with a total super built-up area of approximately 2.03 lakh sq ft. The sublease commenced on July 1, 2026, and will run for four years and seven months.<\/p>\n\n\n\n

The office space has been leased at a starting monthly rent of around \u20b96.41 crore, translating to \u20b9315 per sq ft per month. The agreement includes a 5% annual rent escalation. HSBC\u2019s total rental commitment over the lease term is estimated at \u20b9386.57 crore. This excludes CAM charges, parking charges, GST, stamp duty, and a one-time occupation charge.<\/p>\n\n\n\n

To secure the premises, HSBC has paid a security deposit of approximately \u20b938.5 crore. The lease agreement was officially registered on June 30, 2026. The transaction represents another significant office leasing deal in Hyderabad’s thriving commercial real estate market.<\/p>\n\n\n\n

How Does This Deal Reflect Hyderabad’s Growing GCC Market?<\/strong><\/h2>\n\n\n\n

The transaction is not an isolated event. Instead, it aligns with the broader expansion of multinational corporations across Hyderabad.<\/p>\n\n\n\n

The city continues to attract GCCs because of its:<\/p>\n\n\n\n