WeWork India has made headlines with a significant lease arrangement in Hyderabad. The co-working giant has secured a space of 175,953 sq ft at Skyview 20, a premier commercial tower located in the Madhapur district of Hitech City. This strategic move marks one of the largest workspace transactions in the city for the year.
Details of WeWork’s Lease Agreement
The lease agreement was officially registered this month. WeWork has committed to a 60-month term with an initial monthly rent of ₹1.72 crore. The security deposit for this lease is set at ₹10.34 crore.
- Area: 175,953 sq ft
- Starting Rent: ₹98 per sq ft
- Floors: 5th (501) and 6th (601)
- Parking: 176 car parks
- Registration Date: November 7, 2025
- Rent Escalation: 15% after 36 months
- Lock-in Period: 40 months and 15 days
- Handover Date: July 1, 2025
- Fit-out / Rent-free Period: 4 months and 15 days
This lease signifies WeWork’s aggressive expansion strategy in Hyderabad. The demand for flexible workspaces has notably increased following the pandemic. This shift is primarily attributed to the hybrid working models adopted by information technology and services firms.
JP Morgan’s Sublease Agreement
In a rapid follow-up, WeWork has subleased the same 175,953 sq ft space to JP Morgan Services India Pvt Ltd. This agreement was signed on November 13, 2025. The sub-lease carries an initial monthly rent of ₹4.38 crore, with a security deposit of ₹25.97 crore.
- Area: 175,953 sq ft
- Starting Rent: ₹249 per sq ft
- Floors: 5th (501) and 6th (601)
- Parking: 176 slots
- Seats: 1,501 desks
- Lease Term: 60 months
- Lock-in Period: 24 months
- Rent Escalation: 5% annually
- Fit-out Charges: ₹3,540 per sq ft
- Handover Date: November 15, 2025
The substantial difference in rent between WeWork’s lease and the sublease reflects added value through fit-outs and amenities, catering to JP Morgan’s specific demands for office customization.
Skyview 20: A Premier Commercial Space
Skyview 20 stands out in Hitech City as one of the most sought-after Grade-A commercial properties. The campus attracts numerous multinational firms due to its prime location, notable amenities, and excellent metro connectivity. As businesses adapt to new workspace trends, properties like Skyview 20 are becoming increasingly valuable assets in the real estate market.
