Charles Schwab leases 3.45 lakh sq ft office space in Hyderabad for new capability centre

Global brokerage major Charles Schwab has strengthened its India expansion with a major office lease in Hyderabad, highlighting the growing importance of the city as a hub for global capability centres. The company’s India arm, Charles Schwab Services India Private Limited, has leased around 3.45 lakh square feet of office space in the Phoenix Equinox Tower 2 located in the IT corridor of Gachibowli.

The lease agreement, accessed through property data platform Propstack, shows that the financial services firm will occupy floors ten to fourteen of the commercial tower. The lease tenure is five years with a monthly rental of approximately ₹3.73 crore, translating to nearly ₹108 per square foot. The deal also includes a security deposit of about ₹25.28 crore with a five percent annual rental escalation.

Charles Schwab had earlier announced the creation of its new legal entity in India as part of its strategy to build a strong technology and operations base in the country. The Hyderabad centre is expected to support global business functions including technology development, financial operations, analytics, artificial intelligence services and knowledge process outsourcing.

Industry observers say the expansion reflects Hyderabad’s rising dominance in attracting global capability centres, particularly from banking and financial services companies. The city offers a large pool of skilled technology professionals, modern office infrastructure and competitive operating costs. According to Propstack, the new centre could create nearly three thousand jobs over the next two years as the company gradually scales its India operations.

Hyderabad has recently witnessed a series of large office leasing transactions from multinational firms expanding their India presence. Companies such as Apple, Facebook and several flexible workspace operators have also secured significant office space across the city’s technology districts. Real estate experts note that strong infrastructure, proactive state policies and the availability of Grade A commercial developments continue to strengthen Hyderabad’s position as one of India’s fastest growing office markets.

The Charles Schwab lease further reinforces the city’s appeal for global financial institutions seeking scalable technology hubs in India while also highlighting the sustained momentum in Hyderabad’s commercial real estate sector in recent years overall today.