HSBC Electronic Data Processing India Private Limited, the Indian technology and operations arm of global banking major HSBC, has sub-leased approximately 2.03 lakh sq ft of premium office space in Hyderabad’s Gachibowli-HITEC City corridor. The lease transaction, valued at around ₹388 crore over its tenure, reflects the continued demand for Grade A office spaces from multinational corporations and Global Capability Centres (GCCs) in the city.
According to property registration documents accessed by CRE Matrix, the office space has been taken on sub-lease from Executive Centre India Limited at Phoenix H09 in the Avance Business Hub, located in Gachibowli village, Serilingampalli Mandal. The lease agreement was registered on June 30, 2026.
The transaction covers the entire third office floor (Level 8) and entire fourth office floor (Level 9) of the building. The leased premises comprise a super built-up area of 2,03,755 sq ft and a carpet area of 1,30,802 sq ft.
Under the agreement, HSBC will pay a monthly rental of ₹6.42 crore, translating to a rental rate of ₹315 per sq ft. The lease tenure is four years and seven months, commencing from July 1, 2026, with rent payments beginning on the same date. HSBC has also deposited a security amount of ₹38.51 crore with the sub-lessor.
The agreement includes a 5% annual rent escalation, ensuring incremental rental growth during the lease period. In addition, HSBC has secured 250 paid car parking spaces, comprising 204 slots at ₹3,500 per month each and 46 slots at ₹4,500 per month each.
The lease documents also record a one-time occupancy arrangement for June 2026, under which HSBC paid ₹110 per sq ft for temporary use of the premises before the formal commencement of the lease. Common Area Maintenance (CAM) charges of ₹15.50 per sq ft were also applicable during this period.
The transaction follows HSBC’s recent Letter of Intent (LoI) with Bengaluru-based Prestige Group for the development of a 1.2 million sq ft integrated office campus in Bengaluru, highlighting the company’s continued expansion of its office footprint in India.
Hyderabad remains one of India’s leading office markets, driven by demand from multinational corporations, technology companies and GCCs. Key micro-markets such as Gachibowli, HITEC City, Kondapur and the Financial District continue to attract major occupiers due to their availability of Grade A office stock, established infrastructure and competitive rental levels.
The city is home to more than 70 Global Capability Centres, with several global companies expanding their presence in recent years, reinforcing Hyderabad’s position as one of India’s preferred destinations for large-scale commercial office investments.
