Accenture Solutions Pvt Ltd has leased more than 10 lakh square feet of office space at Aparna Technopolis in Hyderabad, in a transaction valued at over ₹1,000 crore in total rentals, according to realty market analytics firm Propstack and documents accessed by businessline. The lease represents one of the largest commercial office transactions in India this year.
Deal Structure and Financial Terms
The company has taken on lease approximately 10.17 lakh sq ft of chargeable area (7.57 lakh sq ft carpet area) across the second to the eleventh floors of the property, which is owned by Aparna IT Hub LLP. The lease commenced on April 1, 2026, according to documents seen by businessline.
| Lease Component | Details |
|---|---|
| Total chargeable area | 10.17 lakh sq ft |
| Carpet area | 7.57 lakh sq ft |
| Monthly rent | ₹7.53 crore (₹74 per sq ft) |
| Security deposit | ₹29.5 crore |
| Annual rental escalation | 4.25% |
| Total lease value (estimated) | ~₹1,000 crore |
Accenture will pay a starting monthly rent of ₹7.53 crore, translating to ₹74 per sq ft. The agreement carries a security deposit of ₹29.5 crore and provides for an annual rental escalation of 4.25 per cent. Based on the agreed rentals, the total lease value over the tenure is estimated at about ₹1,000 crore.
Two-Phased Lease Completion
The transaction has been structured in two phases:
- Phase 1: Covers about 5.18 lakh sq ft, with a lease commencement date of April 1, 2026, and a 10-year tenure. Rent for this phase begins after the rent commencement date of December 16, 2026.
- Phase 2: Spans nearly 4.99 lakh sq ft, with lease commencement from September 1, 2026, for a tenure of nine years and seven months. The rent commencement date for this phase is February 1, 2027.
Strategic Significance for Hyderabad Office Market
The deal underscores sustained demand from global capability centres (GCCs) and large technology firms for premium office space in Hyderabad, as reported by Propstack. Hyderabad continues to attract occupiers owing to its established IT ecosystem, availability of Grade A commercial developments and comparatively competitive occupancy costs.
Implications for Global Capability Centres
Accenture's large-least commitment signals confidence in Hyderabad's long-term viability as a hub for GCC operations. The transaction highlights the city's ability to accommodate large-scale occupier requirements, reinforcing its position as one of India's top office markets alongside Bengaluru and the National Capital Region.
As of the publication date (June 23, 2026), no regulatory approvals beyond standard lease documentation have been cited. The next milestone would be the commencement of rent payments for Phase 1 on December 16, 2026.
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