TCS Expands in Hyderabad with Massive Lease at Paradigm Rajapushpa

Tata Consultancy Services (TCS) has taken a major step in expanding its Hyderabad footprint by leasing over 10.18 lakh sq ft of premium office space in the city’s buzzing Financial District, located in Serilingampally Mandal. As per documents reviewed by Propstack, the lease comes with a monthly rental outlay of ₹4.3 crore and spans across a 15-year term.

Inside the Lease: ₹4.3 Cr Rent, 15 Years, 18 Floors

The office space is housed within the high-rise Paradigm Rajapushpa, featuring 18 office floors, a ground level, and five basements. TCS signed the lease in April 2025, with the rental tenure beginning retroactively from October 1, 2024. The effective rent stands at ₹43 per sq ft per month, and the lease carries a five-year lock-in period.

As part of the deal, TCS deposited ₹26.22 crore upfront and will benefit from an 11-month rent-free period. In line with market trends, the agreement includes a 12% annual rent escalation clause.

Parking, Perks, and Property Partners

The lease offers TCS access to 1018 car parking slots (including 806 conventional and 212 mechanised stack spaces) along with 452 two-wheeler slots. The landlords of the property are Rajapushpa Asset Management LLP and Paradigm Corporation Pvt Ltd, two prominent entities in Hyderabad’s commercial development ecosystem.

Hyderabad: India’s Fastest-Growing Office Space Market

This transaction comes amid a sustained corporate push into Hyderabad. The city currently accounts for 15% of India's total office space, with green-certified buildings making up over 18% of its stock. A CBRE report indicates that Hyderabad’s total office space is expected to cross 200 million sq ft by 2030, fuelled by demand from tech majors and Global Capability Centres (GCCs).

Just this year, McDonald’s, Microsoft, and Facebook have made significant real estate moves in Hyderabad, underlining the city’s rising stature as a global tech and innovation hub.

Disclaimer: The information provided in this article is based on publicly available data and documents accessed through third-party sources such as Propstack and CBRE reports. While efforts have been made to ensure accuracy, Ghar.tv does not guarantee the completeness or reliability of the data. Readers are advised to independently verify all details before making any investment or business decisions. Ghar.tv is not liable for any losses arising from reliance on this content.