HSBC Electronic Data Processing India Pvt. Ltd., the Indian arm of global banking major HSBC, has expanded its footprint in Hyderabad by sub-leasing more than 2.03 lakh square feet of premium office space in Gachibowli, under a deal valued at nearly ₹388 crore over the lease period.
According to property registration documents accessed by CRE Matrix, the office space has been sub-leased from Executive Centre India Ltd. at Phoenix H09 in Avance Business Hub. The agreement covers the entire third and fourth office floors of the building, with a total super built-up area of 2,03,755 square feet and a carpet area of 1,30,802 square feet. The lease was registered on June 30 and came into effect from July 1, 2026, for a period of four years and seven months.
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Under the agreement, HSBC will pay a monthly rent of ₹6.42 crore, translating to a rental rate of ₹315 per square foot. The company has also deposited a security amount of ₹38.51 crore. The lease includes 250 paid parking spaces, while rental charges will increase by five per cent annually. Before the formal commencement of the lease, HSBC also paid an occupancy charge for June 2026 along with common area maintenance expenses.
The latest transaction comes soon after HSBC signed a letter of intent with Prestige Group to develop a fully integrated 1.2 million-square-foot office campus in Bengaluru, highlighting the bank’s continued expansion in India.
Hyderabad has emerged as one of India’s fastest-growing commercial real estate markets, driven by demand from multinational corporations, technology firms and Global Capability Centres (GCCs). Key business districts such as Gachibowli, HITEC City, Kondapur and the Financial District continue to attract large occupiers due to modern Grade A office spaces, competitive rentals and strong infrastructure.
Industry experts believe transactions of this scale reinforce Hyderabad’s position as a preferred destination for global companies looking to expand operations, supported by its skilled workforce, growing technology ecosystem and increasing presence of multinational corporations.
