Facebook has renewed its lease for a 3.7 lakh sq ft office in Hyderabad, paying ₹2.8 crore in monthly rent. The deal, with a 15% rent hike from 2026, is raising eyebrows in the real estate sector.
Hyderabad: Facebook has renewed its lease for a massive 3.7 lakh sq ft office space in Hyderabad, paying ₹2.8 crore in monthly rent across two transactions, as per registration documents accessed by Propstack. The office is in The Skyview at Hitech City, one of Hyderabad’s prime IT corridors.
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Lease Details:
- First Transaction: Renewed in December, Facebook pays ₹65.7 lakh for 84,053 sq ft.
- Second Transaction: Renewed in April, ₹2.15 crore monthly rent for 2.8 lakh sq ft.
- Lease Period: Five years with a 15% rent escalation effective January 2026.
- Security Deposit: ₹16.8 crore paid.
Hyderabad’s Real Estate Boom
Hitech City and Gachibowli remain key hubs for IT and corporate offices, driving high demand for commercial spaces. According to ANAROCK data:
- Hitech City rentals increased from ₹23,000 in 2019 to ₹27,500 per month in 2023.
- Gachibowli saw rents jump 20%, from ₹22,000 in 2019 to ₹26,500 per month in 2023.
- Kondapur rentals also rose by 19%.
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Major MNC Deals in Hyderabad
- Google: Renewed a 3.7 lakh sq ft lease in August for ₹ two crore per month at Salarpuria Sattva Knowledge Capital.
- Other Leases: Qualcomm India, LTI Mindtree, S&P Capital IQ, and IBM India inked deals ranging between ₹70 lakh and ₹3.15 crore monthly rent in June.
Hyderabad continues to attract multinational corporations, cementing its status as a leading IT hub in India. Facebook‘s renewed commitment to The Skyview is another example of the city’s thriving commercial real estate market.
