JPMorgan Chase Secures 1.76 Lakh Sq Ft Office Space at Hyderabad's Skyview 20 in ₹52 Crore Annual Deal

In what is being described as one of the most significant office space transactions in Hyderabad for the year, global banking giant JPMorgan Chase has reportedly secured a massive 1.76 lakh square feet facility at Skyview 20 in Madhapur through a sub-lease arrangement. This strategic move is said to further strengthen the financial institution's footprint within India's rapidly expanding commercial real estate landscape.

Key Details of the Lease Transaction

According to industry sources, the deal involves a total area of 176,000 square feet with a carpet area exceeding 124,000 square feet at the Skyview 20 property located in Madhapur, Hyderabad. The monthly rental outlay has reportedly been fixed at approximately ₹4.38 crore, translating to around ₹249 per square foot. On an annual basis, the rent commitment is said to be ₹52.57 crore, with a security deposit of ₹25.97 crore.

The lease agreement, which is understood to have commenced on November 15, 2025, has been structured for a five-year term. The transaction has reportedly been executed between JP Morgan Services and WeWork India Management under a general service agreement. Industry experts suggest this represents one of the top-tier commercial real estate transactions in Hyderabad's office market this year.

JPMorgan's Expanding India Footprint

The Hyderabad lease is reportedly part of JPMorgan's ongoing investment strategy in its India-based global capability centres. The financial services giant is said to already operate major hubs in Mumbai, Bengaluru, and Hyderabad, where it runs core functions including technology, compliance, analytics, and operations for its global network. As India's office real estate continues robust growth, multinational corporations are increasingly expanding their presence in the country.

With this latest addition, it is reported that JPMorgan has leased nearly 800,000 to 900,000 square feet of office space across India over the past two years. This expansion underscores the company's commitment to scaling its operations in the region. The move also aligns with JPMorgan's global expansion strategy, which includes similar investments in other international markets.

Hyderabad Emerges as a Prime Destination for Global Corporations

The transaction signals the growing demand from international financial services firms for high-quality, plug-and-play office spaces in India's technology hubs. Industry analysts suggest that Skyview 20's strategic location in Madhapur, which forms part of Hyderabad's HITEC City, continues to attract global occupiers seeking strong talent pipelines and scalable infrastructure. This trend mirrors the Microsoft's recent land acquisition in Hyderabad for establishing a major data centre.

The deal also reflects the broader trend of rising commercial rentals across India, with Mumbai, Hyderabad, and Delhi-NCR showing particularly strong demand. As corporates shift focus to bespoke office spaces, flexible workspace providers like WeWork are playing an increasingly important role in facilitating such large-scale transactions.

Flex Space Market Gains Momentum

The involvement of WeWork India Management in this transaction highlights the growing prominence of flexible workspace solutions in India's commercial real estate sector. According to market observers, India's flex space market has witnessed pre-leasing surge amid office supply constraints. The Embassy Group's acquisition of WeWork India has further strengthened the operator's market position in facilitating such high-value deals.

JPMorgan's move is expected to further strengthen Hyderabad's positioning as a major centre for banking, financial services, and IT-led global delivery. The upcoming infrastructure projects in Hyderabad are anticipated to further boost the city's appeal for multinational corporations seeking expansion opportunities in India.

The Mindspace Business Parks REIT's record-breaking leasing performance in recent quarters further underscores the robust demand for quality office spaces across India's major technology corridors, positioning cities like Hyderabad at the forefront of commercial real estate growth.

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