HCA Global pre-leases 6.44 lakh sq ft in Mindspace Hyderabad; rental outgo Rs 945 crore

US-based healthcare services provider HCA Healthcare's Indian subsidiary and Global Capability Centre (GCC) HCA Global Services, has pre-leased 6.44 lakh sq ft of office space at Mindspace in Hyderabad for a 10-year term, with the total rental outgo estimated at around Rs 945 crore.

The deal is among the largest agreement concluded for any pre-lease commitments in terms of value anywhere in the country this year.

The transaction involves 644,670 sq ft of chargeable area in Building No. 8 at Mindspace, owned by K Raheja IT Park (Hyderabad) Pvt Ltd, which is part of Mindspace REIT, showed the documents accessed through realty data analytics platform Propstack. The lease covers total seven floors including lower ground floor and floors 15 to 20 of the tower.


The lease is scheduled to commence on September 1, 2027, with the company agreeing to pay a monthly rent of around Rs 7.09 crore at a rate of Rs 110 per sq ft. The agreement also includes a clause to escalate rentals by 4.5% annually.

The company has also paid a security deposit of Rs 42.55 crore, equivalent to six months of the initial monthly rent.

The transaction is among the larger office space commitments in commercial real estate market, underlining the demand for large-format office spaces from multinational companies setting up or expanding their global capability centres in India.

ET’s email queries to HCA Healthcare and K Raheja Corp remained unanswered until the time of going to press.

HCA Healthcare is one of the world’s leading healthcare services providers, operating hospitals and other healthcare facilities. Its Indian subsidiary operates as a GCC, supporting the parent company’s operations through technology, business services and other functions.

Hyderabad has emerged as a key destination for GCCs, supported by its established technology ecosystem, availability of large office campuses and talent pool. The city has attracted multinational companies across healthcare, technology and financial services, driving demand for institutional-grade office developments.

GCCs have emerged as a key driver of office space demand in India, accounting for a growing share of large office leasing transactions across major markets. Multinational companies across sectors such as technology, financial services, healthcare and engineering are increasingly using India-based centres for technology development, research, analytics and business operations.

The demand has supported absorption of large office spaces, particularly in established technology hubs such as Bengaluru, Hyderabad, Pune and Chennai. GCCs are also increasingly opting for larger, long-term office commitments as they expand their operations and workforce in the country.