Asset management firm Invesco (India) Pvt Ltd has leased over 2.23 lakh sq ft of office space in Hyderabad for five years at a monthly rent of ₹1.52 crore, according to documents accessed by Propstack.
The space was leased at Meenakshi Eco Park, Tower 1, in Khajaguda. The landlord is Meenakshi Infrastructures Private Limited, the document showed.
The lease commenced on February 24, 2026, and spans three floors within the commercial development, it showed.
The deal was signed at a rental of ₹69 per sq ft per month. The company paid a security deposit of about ₹9.12 crore, the document said. The rent will be increased by 15% every year, the document said.
A list of has been sent to Invesco and Meenakshi Infrastructure. The story will be updated once a response is received.
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Previous transactions in Hyderabad
Earlier, Netflix, through its subsidiary Line Gatos Advanced Imaging and Visual Effects India LLP, had leased 41,435 sq ft of office space for a monthly rent of ₹39.36 lakh for five years. The global streaming giant leased the space at the Atria Block of International Tech Park Hyderabad (ITPH) in Madhapur, owned by VITP Private Limited, the document showed.
In January this year, India leased nearly 69,702 sq ft of office space in Hitec City for a five-year term at a monthly rent of almost ₹67 lakh. According to the lease deed accessed by real estate data analytics firm CRE Matrix, the agreement was signed between Mahanga Commercial Properties Pvt Ltd and Facebook India Online Services Pvt Ltd, Meta’s Indian arm.
The company leased the space in the Skyview 20 building at The Skyview complex; the lease was registered on December 2, 2025. Rent commencement began on December 18, 2025, while the lease term is effective from July 18, 2025, for a period of five years, the documents showed.
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Apple India Private Limited has also leased 57,000 sq ft of office space at WaveRock IT Park in Hyderabad for five years at a monthly rent of ₹71.6 lakh, expanding its total footprint at the campus to approximately 6.34 lakh sq ft.
Apple India Private Limited has taken five floors in Tower 2.1 (Tower 1 of Phase II) at WaveRock, owned by TSI Business Parks (Hyderabad) Private Limited. The lease is a fresh and commenced on December 1, 2025, the document showed.
As part of the agreement, Apple paid a security deposit of ₹4.30 crore. The lease also includes an annual escalation clause of 4.77% and a three-year lock-in period, according to the document.
Executive Centre India Limited had leased 2.03 lakh sq ft of office space in Hyderabad’s Hitec City for a monthly rental of ₹2.24 crore for five years. The space, located in Avance Business Hub, was leased from the landlord, Phoenix Infocity Private Limited, under a new agreement commencing from February 1, 2026. The lease spans the third and fourth floors of the building and covers a chargeable area of 2,03,755 sq ft.