Uber leases over 9 lakh sq ft Hyderabad office through 10-year lease for GCC

Ride-hailing platform Uber has picked up over 9 lakh sq ft of office space spread across a total 10 floors of a tower in Hyderabad’s commercial corridor, committing an estimated rental outgo of nearly Rs 839 crore through a long-term lease spanning over a 10-year period.

The transaction ranks among the largest office leasing deals signed in the country and underlines the continued expansion of global capability centres (GCCs) and technology occupiers in Hyderabad’s office market.

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The San Francisco-headquartered company’s India arm Uber India Systems has taken on lease around 901,115 sq ft of chargeable office area spread across floors 11 to 20 in Tower 1 of Meenakshi Eco Park, a commercial project owned by Meenakshi Infrastructures. The lease commenced on January 9, 2026.

Uber will pay a starting monthly rent of around Rs 5.86 crore at a rental rate of Rs 65 per sq ft a month, translating into a total payout of about Rs 839 crore over the lease tenure, including scheduled rental escalations.

As part of the agreement, rentals will escalate by 15% every three years. The company has also paid a security deposit of around Rs 35.14 crore, showed property registration documents accessed through Propstack, a realty data analytics platform.

Uber has been steadily expanding its presence in India beyond ride-hailing, with investments across technology, engineering, back-end operations and mobility services. The company has scaled up operations in key markets including Bengaluru, Hyderabad and Mumbai, while also strengthening its India-based engineering and product development teams that support global operations.

India remains one of Uber’s largest and fastest-growing markets, with the company deepening its footprint through services such as Uber Auto, intercity travel, premium mobility and electric vehicle partnerships. This latest large-scale office lease in Hyderabad signals Uber’s continued long-term commitment to India as both a strategic consumer market and a major technology and talent hub.

The transaction assumes significance at a time when Hyderabad continues to attract large-scale office commitments from multinational corporations, especially in the technology, engineering, fintech and mobility sectors. The city has emerged as one of India’s fastest-growing office markets, driven by relatively competitive rentals, availability of large contiguous spaces and a deep technology talent pool.

Large occupiers have increasingly been consolidating operations into integrated office campuses offering scalability and long-term expansion flexibility. In Uber’s case, the agreement includes a hard option to lease an additional 5 lakh sq ft of office space until the first quarter of 2028, indicating potential future expansion plans.

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The leasing activity also reflects sustained demand for Grade-A office assets despite global macroeconomic uncertainties and a cautious hiring environment across parts of the technology sector.

Hyderabad has witnessed a steady rise in leasing by GCCs over the past few years, with multinational firms continuing to set up engineering, product development and back-office operations in the city. Industry executives said availability of high-quality office stock and infrastructure upgrades across micro-markets have supported this momentum.

Meenakshi Eco Park is located in one of Hyderabad’s prominent office corridors that houses several technology and multinational occupiers. The deal further strengthens the city’s position among India’s leading office destinations alongside Bengaluru, Pune and Mumbai.