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Accenture has leased ~1.02 million sq. ft. of office space across 21 floors in two towers at Aparna Techopolis

ICICIdirect Research 24 Jun 2026 DISCLAIMER

News: Accenture has leased ~1.02 million sq. ft. of office space across 21 floors in two towers at Aparna Techopolis, Hyderabad, under a long-term agreement with a minimum rental commitment of ~₹900 crore over 10 years. The lease includes 996 exclusive parking slots and reflects continued demand from multinational occupiers for large campus-style workspaces in India’s key technology hubs. The deal further underscores Hyderabad’s growing position as a preferred destination for Global Capability Centres (GCCs) and large-scale office expansion.

View: Chalet’s existing Westin Hyderabad HITEC City is located just ~4 km from Aparna Techopolis, positioning it well to benefit from the incremental demand generated by the recent ~1 mn sq. ft. office lease by Accenture. The company also operates another hotel in Hyderabad, with one of its assets currently running at 100% occupancy under a corporate contract, highlighting the strong demand environment in the city’s GCC and IT corridor. Further strengthening its presence, Chalet is developing a ~330-room Ritz-Carlton in Hyderabad, expected to be operational by FY29. The addition of a luxury asset in a rapidly growing commercial hub should enhance Chalet’s ability to capture premium corporate stays and MICE demand, supporting its long-term growth outlook in the city.

Impact: Positive

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