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Hindustan Times reported on 1 October 2026 that FedEx Express Transportation and Supply Chain Services India Private Limited leased about 1.19 lakh sq ft at Phoenix Centaurus in Hyderabad for five years. The reported initial rent is ₹93.2 lakh per month, based on ₹78 per sq ft. The report says the lease brings FedEx’s reported occupancy at the development to about 3.70 lakh sq ft.
What are the reported lease terms?
Hindustan Times says the lease is for approximately 1.19 lakh sq ft at Phoenix Centaurus, with Athena Global Technologies Limited as landlord. The report attributes the transaction details to documents accessed by Propstack.
| Term | Reported detail |
|---|---|
| Area | About 1.19 lakh sq ft, according to Hindustan Times (1 October 2026). A separate filing summary attributed to BSE lists 119,526 sq ft. |
| Initial monthly rent | ₹93.2 lakh, or ₹78 per sq ft per month, according to Hindustan Times (1 October 2026). The BSE-attributed summary lists ₹93,23,028 per month. |
| Lease term | Five years, according to Hindustan Times and the BSE-attributed summary. |
| Rent escalation | 15% every three years, according to Hindustan Times and the BSE-attributed summary. |
| Total rent | ₹55.6 crore over the five-year term, as reported by Hindustan Times. |
| Security deposit | ₹8.39 crore, as reported by Hindustan Times. |
| Commencement date | Hindustan Times reports 29 July 2026 as the lease commencement date. The BSE-attributed summary gives 27 November 2026 as the rent commencement date; the discrepancy is unresolved. |
The two sources do not align fully. Hindustan Times names FedEx and reports a 29 July lease commencement, while the BSE-attributed summary says the lessee identity is confidential and gives 27 November as the rent commencement date. The available material does not establish whether both sources refer to the same lease document or explain the different dates. The filing summary therefore does not independently confirm FedEx’s identity as tenant.
How does this change FedEx’s reported footprint at Phoenix Centaurus?
Hindustan Times says FedEx’s total reported occupancy at the development rises to about 3.70 lakh sq ft with this lease. The same report lists three earlier leases:
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#1 Best Overall
QIYUMOKE MD-11 1/300 Diecast Metal Airplane Model Kits with Stand
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| Reported lease date | Area |
|---|---|
| October 2023 | 55,538 sq ft |
| June 2024 | 69,871 sq ft |
| July 2025 | 1.25 lakh sq ft |
These reported leases, followed by the latest transaction, indicate a growing reported occupancy at the property. They do not by themselves establish FedEx’s reason for leasing the space or what the premises will be used for.
What the rent figures do—and do not—show
The reported ₹78-per-square-foot rate is the initial monthly rent for this transaction. Hindustan Times also reports a 15% escalation every three years and ₹55.6 crore in total rent over the five-year term. The sources reviewed do not provide a market-wide benchmark for comparable Hyderabad office leases, so the figures alone cannot establish whether the rate is above or below the local market.
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WngAur Airplane Model, FedEx Aircraft Die-cast Metal Planes Suitable for Collection and Desktop Decor
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Sources: Hindustan Times, 1 October 2026; filing summary attributed to BSE.
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QIYUMOKE 1/130 ATR 72 Cargo Airplane Model with Stand (7.8 inch L),
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WngAur Airplane Model, FedEx MD Aircraft Die-cast Metal Planes Aircraft Suitable for Collection and Display
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Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
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