Hyderabad's Kondapur–Nanakramguda Becomes Key IT Corridor With Accenture, Uber and CIBC: Check Current Property Prices
Hyderabad’s western office market is gaining further momentum as global companies expand their office footprints across Kondapur, Nanakramguda, Gachibowli and the Financial District. In 2026, Accenture, Uber and CIBC signed sizable office leases, while ArcelorMittal expanded its existing GCC footprint. The increase in corporate activity could also influence residential demand across nearby areas.
Why Hyderabad’s Western Office Market Is Emerging as a GCC Hub
Hyderabad’s western office market, covering key commercial locations such as Kondapur, Gachibowli, Nanakramguda, HITEC City and the Financial District, has emerged as a major destination for technology, financial services and Global Capability Centres (GCCs). The region has attracted multinational companies due to the availability of Grade-A office space, a large skilled workforce and connectivity to major employment and residential hubs. In 2026, sizable office leases by Accenture, Uber and CIBC, along with ArcelorMittal’s expansion of its existing GCC footprint, further strengthened corporate activity across western Hyderabad.
CIBC Leases 1.21 Lakh Sq Ft for GCC
CIBC has leased around 1.21 lakh sq ft of office space at Meenakshi Eco Park in Nanakramguda for its Global Capability Centre. The five-year lease carries an estimated total rental commitment of around ₹180 crore, with an initial monthly rent of approximately ₹2.72 crore. The transaction adds another major financial-services occupier to Hyderabad’s western office corridor.
Accenture Leases Over 10 Lakh Sq Ft at Aparna Technopolis
One of the biggest corporate transactions in Hyderabad’s western office corridor is Accenture’s lease at Aparna Technopolis in Kondapur. Accenture has leased around 10.17 lakh sq ft of office space for 10 years, with a total rental commitment of around ₹1,006 crore and an initial monthly rent of approximately ₹7.53 crore. The lease commenced in April 2026, making Accenture a major corporate occupier in the Kondapur office market.
Uber Leases 9.01 Lakh Sq Ft at Meenakshi Eco Park
Uber has leased around 9.01 lakh sq ft of office space at Meenakshi Eco Park in Nanakramguda for a 10-year period. The lease carries an estimated total rental commitment of around ₹839 crore, with an initial monthly rent of approximately ₹5.86 crore. The new office centre could strengthen commercial and residential demand in Nanakramguda and nearby western Hyderabad areas as employee activity increases.
Major Office Developments Across the Western Hyderabad Market
Several large commercial projects are adding Grade-A office space across the Kondapur–Nanakramguda office belt. The developments include major office projects in Kondapur, Nanakramguda and the Financial District, with large multinational companies taking sizable spaces.
Aparna Technopolis: Located in Kondapur, the project has attracted major occupiers including Accenture and Tech Mahindra. Accenture has leased around 10.17 lakh sq ft, while Tech Mahindra has taken around 3.97 lakh sq ft.
Meenakshi Eco Park: Located in Nanakramguda, the project has attracted Uber and CIBC. Uber has leased around 9.01 lakh sq ft, while CIBC has taken around 1.21 lakh sq ft for its Global Capability Centre.
Kalyani Trident: Located in the Financial District, the development has an existing GCC presence from ArcelorMittal. Its subsidiary has recently leased another 82,823 sq ft, taking its total office footprint in the building to around 1.65 lakh sq ft.
Gachibowli Office Cluster: Gachibowli is an established commercial and technology hub located close to Kondapur, Nanakramguda and the Financial District. The area has a large concentration of Grade-A office buildings and corporate campuses.
These transactions highlight the concentration of large corporate occupiers across the wider western Hyderabad market and strengthen the region’s position as a major corporate and GCC destination
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Connectivity Supporting Office Growth
The Kondapur–Nanakramguda corridor benefits from road connectivity and proximity to major technology, commercial and employment hubs, which can improve accessibility for companies and employees.
Outer Ring Road: The ORR provides connectivity to Gachibowli, Nanakramguda, Financial District and other major employment hubs across Hyderabad.
HITEC City: Kondapur is located close to HITEC City, one of Hyderabad’s major technology and commercial centres, supporting access to a large office workforce.
Gachibowli: Gachibowli connects the corridor with major IT offices, residential areas and commercial developments across western Hyderabad.
Financial District: Nanakramguda is located close to the Financial District, which has emerged as a major Grade-A office and GCC hub.
Rajiv Gandhi International Airport: The airport is around 30–35 km from Kondapur by road, providing connectivity for business travel and access to domestic and international destinations.
Together, these connectivity links connect the corridor with major office, residential and commercial areas across western Hyderabad, supporting its growth as a major corporate and GCC destination.
Real Estate Impact
The large office leases by Accenture, Uber and CIBC are adding to commercial activity across Kondapur and Nanakramguda. Nearby residential markets currently have average property prices in the following range:
Kondapur: Average flat price is around ₹10,200 per sq ft, up 6.3% in the last 3 years and 45.7% in the last 5 years.
Nanakramguda: Average flat price is around ₹11,500 per sq ft, up 14.4% in the last 3 years and 36.1% in the last 5 years.
Gachibowli: Average flat price is around ₹12,400 per sq ft, up 38.5% in the last 3 years and 54.0% in the last 5 years.
Financial District: Average flat price is around ₹11,650 per sq ft, up 27.3% in the last 3 years and 39.5% in the last 5 years.
Kokapet: Average flat price is around ₹11,900 per sq ft, up 32.2% in the last 3 years and 67.6% in the last 5 years.
Narsingi: Average apartment price is around ₹10,900 per sq ft, up 25.3% in the last 3 years and 46.0% in the last 5 years
Potential Impact of GCC Growth on Property Prices
The large office commitments by Accenture, Uber and CIBC, along with ArcelorMittal’s expansion, could support employment and rental housing demand across Hyderabad’s western office corridor. Higher office occupancy may benefit residential markets such as Kondapur, Nanakramguda, Gachibowli, Financial District, Kokapet and Narsingi, although the impact on property prices will depend on office absorption, housing supply, rental demand, infrastructure development and broader market conditions.