Download the app
← Latest news

Uber locks 9 lakh sq ft Hyderabad office on 10-year deal worth 839 crore for GCC expansion

Business
Published on 14 May 2026
Uber locks 9 lakh sq ft Hyderabad office on 10-year deal worth 839 crore for GCC expansion

Rent jumps 15% every three years

Uber India Systems has leased about 9 lakh sq ft of chargeable office space in Hyderabad for a decade, signaling a deeper commitment to India’s expanding GCC ecosystem. The company will occupy roughly 901,115 sq ft across Tower 1 floors 11 to 20 at Meenakshi Eco Park, with the lease starting Jan 9, 2026. The deal is valued at nearly Rs 839 crore, includes scheduled 15% rental escalations every three years, and Uber also paid a sizable security deposit.

  • Uber leases around 901,115 sq ft in Hyderabad for 10 years
  • Space spans Tower 1 floors 11 to 20 at Meenakshi Eco Park
  • Lease begins January 9, 2026
  • Total estimated rental outgo is nearly Rs 839 crore
  • Starting rent is about Rs 5.86 crore per month at Rs 65 per sq ft
  • Security deposit paid is about Rs 35.14 crore
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.