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HCA Healthcare Leases Massive Hyderabad Office
11 Nov
Summary
- HCA Global Services pre-leased 6.44 lakh sq ft office space.
- The 10-year lease in Hyderabad totals Rs 945 crore.
- Lease commencement set for September 1, 2027.
HCA Healthcare's Indian Global Capability Centre, HCA Global Services, has pre-leased a substantial 6.44 lakh sq ft of office space in Hyderabad's Mindspace. This 10-year agreement represents a significant commitment, with an estimated total rental outgo of Rs 945 crore.
The lease for seven floors in Building No. 8 is set to commence on September 1, 2027. The monthly rent is approximately Rs 7.09 crore, with an annual escalation of 4.5%. This transaction underscores the strong demand for large office spaces from multinational corporations expanding their presence in India.
Hyderabad continues to attract Global Capability Centres due to its robust technology ecosystem, available talent, and ample office space. HCA Healthcare's move reinforces the city's status as a prime destination for companies in the healthcare, technology, and financial services sectors.