Grade A offices drive city's commercial growth

GCC expansion and multinational demand continue to fuel premium office leasing

Property Pulse

Hyderabad has strengthened its position as one of India's leading commercial real estate markets, with Grade A office spaces emerging as a key driver of the city's economic and real estate growth. Backed by a thriving IT ecosystem, the expansion of Global Capability Centres (GCCs) and modern infrastructure, the city continues to attract multinational companies looking for high-quality office campuses.

According to industry reports, Hyderabad's Grade A office stock has crossed 110 million sq. ft., making it one of the country's largest commercial office markets. During 2025, the city recorded more than 11 million sq. ft. of office leasing, ranking second only to Bengaluru. GCCs accounted for nearly 50 per cent of the total leasing activity, underlining Hyderabad's growing role as a global business hub.

Demand continues to be concentrated in established office corridors such as Hitec  City, Gachibowli, Raidurg, Madhapur and the Financial District. These locations house the campuses of several multinational companies, including Microsoft, Google, Amazon, Apple, Deloitte, Accenture and Goldman Sachs, besides landmark office developments such as WaveRock, Q-City, GAR Infobahn and Mindspace Madhapur.

The city's commercial office market has also diversified beyond technology companies. Banking, pharmaceutical, engineering and flexible workspace operators are expanding their presence, supported by competitive rentals, a skilled talent pool and connectivity through the Outer Ring Road and Hyderabad Metro Rail.

The growth of Grade A office assets has also widened investment opportunities through Real Estate Investment Trusts (REITs). Several premium office properties in Hyderabad form part of listed REIT portfolios, enabling investors to participate in the commercial real estate market without owning office space directly.

With a strong pipeline of office developments and sustained demand from multinational occupiers, Grade A office spaces are expected to remain a major contributor to Hyderabad's commercial real estate market and reinforce the city's position among India's leading business destinations.

Grade A offices

• Office stock exceeds 110 mn sq. ft.
• Office leasing crosses 11 mn sq. ft. in 2025.
• GCCs account for nearly 50% of leasing.
• Demand led by HITEC City, Gachibowli and Financial District.
• Banking, pharma and flex spaces add to demand.
• REITs provide exposure to premium office assets.