Uber has signed a significant lease for 901,115 sq ft of office space in Meenakshi Eco Park, Hyderabad, committing to a 10-year rental agreement valued at approximately ₹839 crore ($101 million USD). The lease, which commenced on January 9, 2026, involves a starting monthly payment of around ₹5.86 crore ($700,000 USD) at a rate of ₹65 ($0.79) per sq ft. The rental agreement includes a 15% escalation every three years, indicating Uber's long-term commitment to its operations in India. This move underscores the growth of Hyderabad as a major hub for global capability centers (GCCs) and technology firms, driven by competitive rental rates and a rich talent pool. The deal also allows Uber the option to lease an additional 500,000 sq ft of office space by the first quarter of 2028, further indicating its expansion plans in the region. The transaction reflects a broader trend of multinational corporations consolidating their operations in integrated office campuses, despite global economic uncertainties.