Hyderabad’s commercial real estate landscape just witnessed a blockbuster rental deal. WeWork India — already expanding rapidly in South India — has signed a five-year lease for approximately 1.75 lakh sq ft at Skyview 20, a Grade-A tech park located in the Hitech City / Madhapur corridor. The agreement, registered on 7 November 2025, has WeWork paying a monthly rent of about ₹1.72 crore (≈ ₹98 per sq ft) and a security deposit of ₹10.3 crore.
In a rapid follow-up, on 13 November 2025, WeWork executed a sub-lease with JP Morgan Services India Pvt Ltd, handing over the entire 1.76 lakh sq ft — spread across the 5th and 6th floors of Skyview 20 — for a starting monthly rent of ₹4.38 crore (≈ ₹249 per sq ft). The sub-lease covers 1,501 desks and comes with 176 car-parking slots.
This deal has two big takeaways. First, it underlines the rising demand for high-quality, ready-to-use office spaces in Hyderabad’s tech hubs as companies increasingly prefer plug-and-play workplaces. Second, it showcases the value that operators like WeWork add — the steep increase in rental from ₹98 to ₹249 per sq ft reflects the premium placed on fit-outs, amenities, workspace design and convenience.
In the broader context, Hyderabad has recently seen robust office space absorption — with several million sq ft being leased across 2025 as firms expand or relocate. For investors, real estate developers and businesses scouting for office space, this transaction marks a key moment: it confirms that Hyderabad remains one of India’s most attractive cities for large-scale commercial real estate leasing, especially in flexible / managed office formats.
