Hyderabad office leasing reached 4.21 million square feet in the September quarter of 2026, putting the city ahead of Delhi and Mumbai as Wise and DE Shaw signed two of India’s largest office leases.

Hyderabad office leasing gains ground

Gross leasing in Hyderabad more than doubled from the previous quarter and rose 49.5% from a year earlier. The city ranked behind Bengaluru among India’s top eight cities for office leasing.

Bengaluru recorded 5.2 million square feet of gross leasing during the quarter, including a 1.2 million-square-foot deal by HSBC.

Wise and DE Shaw sign major leases

Financial technology company Wise leased 500,000 square feet in Hyderabad, while investment and technology development firm DE Shaw signed for 750,000 square feet. The deals ranked third and second, respectively, by size nationwide during the quarter.

A senior real estate consultant said global companies are establishing global capability centers in Hyderabad and that recent land auctions signal future demand.

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