The Executive Centre's Massive Hyderabad Lease: A Bellwether for the City's Booming Office Market

When a premium global flexible workspace operator takes over 2 lakh square feet in a single city, it is not a routine leasing decision. It is a statement of conviction.

The Executive Centre, the Hong Kong-headquartered managed workspace brand with operations across Asia Pacific and the Middle East, has leased over 2 lakh square feet of Grade A office space in Hyderabad at a monthly rent of Rs 2.24 crore. The deal, registered recently, adds a significant new block of managed office space Hyderabad to The Executive Centre's already active footprint in the city.

At roughly Rs 112 per square foot per month, the rental rate reflects current benchmarks in HITEC City, Hyderabad's primary commercial corridor and one of the most sought-after office addresses in the country.

The Executive Centre, known widely as TEC, has been operating in the premium flexible workspace segment since 1994. It positions itself distinctly above the budget coworking category, targeting enterprise clients, multinational corporations, and professional services firms that require serviced offices with high-quality infrastructure, white-glove support staff, and flexible lease structures.

In India, TEC has been present across Bengaluru, Mumbai, and Hyderabad. Its Hyderabad operations are anchored across Salarpuria Sattva Knowledge City and RMZ Nexity in HITEC City, two of the city's most prestigious tech park addresses. The Executive Centre 2 lakh sq ft Hyderabad lease represents a substantial deepening of that commitment and signals the operator's confidence in sustained demand from enterprise occupiers in the city.

Over 2 lakh square feet at Rs 2.24 crore per month works out to a monthly outgo that most mid-sized Indian companies would consider a meaningful annual real estate budget. For a managed workspace operator like TEC, this is an operating lease arrangement. The model works by sub-leasing individual offices, suites, and coworking desks to member companies at a premium over the base rent, while providing fully managed, plug-and-play infrastructure that eliminates capital expenditure for the end occupier.

The Executive Centre HITEC City flexible office lease deal therefore needs to be read as a supply-side bet. TEC is adding inventory in Hyderabad because it believes the demand from enterprise clients will fill that inventory profitably over the lease term.

Why Hyderabad HITEC City is India's fastest growing Grade A office market in 2025 is a question with several reinforcing answers.

Hyderabad has consistently recorded among the highest net office absorption figures across Indian cities over the past three years. The city's appeal rests on a combination of factors that are difficult to replicate elsewhere. A vast and continuously growing pool of technology, finance, and engineering talent from institutions across Telangana and Andhra Pradesh. A state government with a proven track record of facilitating large-scale corporate investments. Competitive real estate costs relative to Bengaluru and Mumbai. And infrastructure that, while still evolving, has improved significantly with the metro, the outer ring road network, and the international airport.

Hyderabad commercial real estate leasing 2025 has also been bolstered by the surge in Global Capability Centres, or GCCs. Companies setting up or expanding their India operations prefer Hyderabad for GCC mandates because of the available talent and relatively streamlined regulatory environment. Many of these GCC teams begin their India journey in managed workspaces before transitioning to dedicated built-to-suit or long-term leased spaces. That pipeline of GCC occupiers is one of the strongest drivers of flexible workspace expansion Hyderabad 2025.

How managed and flexible workspace operators are expanding footprint in Hyderabad reflects a broader structural shift in how Indian companies think about office space.

Post-pandemic, the appetite for long-term direct leases has softened among a wide section of corporate occupiers. Companies want flexibility to scale up or down without the financial exposure of a 9-year lease commitment. Managed workspace operators absorb that risk, offering occupiers short-term, flexible arrangements while they themselves sign long-duration leases with building landlords. The gap between what they pay as base rent and what they charge their members is where the business model lives.

For building landlords in HITEC City, having a credible operator like TEC as an anchor tenant is also commercially attractive. It reduces vacancy risk, ensures consistent rental income, and adds a prestigious tenant profile to the building's occupier mix.

The Executive Centre leases 2 lakh sq ft office space Hyderabad at 2.24 crore monthly rent 2025 transaction is one of the larger managed workspace deals recorded in the city in recent memory.

Why global flexible workspace operators are betting big on Hyderabad commercial real estate comes down to the city's position at the intersection of talent availability, political stability, infrastructure investment, and cost advantage. That combination is hard to find at scale anywhere else in India today.

For companies considering Hyderabad as an office destination, the growing supply of premium managed workspace also widens the menu of options. Grade A addresses in HITEC City that were previously accessible only through direct long-term leases are now available through flexible managed arrangements at competitive per-seat pricing.

The Executive Centre has leased over 2 lakh square feet of Grade A office space in Hyderabad at a monthly rent of Rs 2.24 crore, deepening its presence across HITEC City's premium commercial corridor. The deal reflects the sustained strength of Hyderabad commercial real estate leasing 2025, driven by GCC demand, enterprise occupier appetite for flexibility, and the city's structural advantages in talent and infrastructure. The transaction also underlines why global flexible workspace operators continue to expand aggressively in Hyderabad, backing the city's long-term position as one of India's top-tier office markets.