Ride-hailing major Uber has leased nearly 9 lakh square feet of office space in Hyderabad in one of the city’s largest commercial leasing deals, with the total rental outgo estimated at around ₹839 crore over a 10-year period. The company has taken space in Meenakshi Eco Park Tower 1 as part of its India expansion strategy, which includes scaling up its engineering and technology operations.

The leased premises span floors 11 to 20 of the office tower, according to a report by The Hindustan Times.

As per the lease documents, Uber will pay a monthly rent of approximately ₹5.86 crore at a rental rate of ₹65 per square foot. The total rent over the 10-year lease tenure is estimated at nearly ₹839 crore, excluding maintenance and other charges. The agreement also includes a 15% rent escalation every three years.

The transaction involves a carpet area of approximately 7,29,471 square feet and a security deposit of ₹35.14 crore, the document showed.

Uber CEO Dara Khosrowshahi, who is currently visiting India, informed A. Revanth Reddy on May 13 that Uber is expanding its Centre of Excellence in Hyderabad, which currently employs around 600 engineers. During the meeting, Khosrowshahi also expressed Uber’s interest in setting up a corporate office in Bharat Future City and sought support from the Telangana government for the company’s expansion plans.

Media reports said Uber is planning to launch two new tech centres in Hyderabad and Bengaluru by the end of 2027 as part of a broader expansion of its India operations. The company is also focusing on growing its two-wheeler business, which has emerged as a major growth segment despite regulatory challenges and rising fuel costs.