India, May 24 -- Hyderabad's gross leasing volume (GLV) in the first quarter of 2026 has crossed 3.15 million sq ft, up 21.6% year-on-year from 2.59 million sq ft of leasing last year. The surge was driven largely by large office transactions, with deals exceeding 1 lakh sq ft accounting for 81% of the city's total leasing activity during the quarter, according to a Cushman and Wakefield report.

Hyderabad accounted for 14% of India's total office GLV of about 22 mn sq ft, underscoring its position as one of the country's key office markets. Leasing activity during the quarter was led by large-sized transactions (over 100,000 sq ft), which accounted for 81% of total GLV, while mid-sized deals (25,000-99,999 sq ft) contributed a further 17...