Hyderabad's IT Boom Fuels Demand for Office Space
The recent leasing of over 8.7 lakh square feet of office space by four MNCs in Hyderabad signifies the city's robust commercial real estate market, with built-in rent increases and a promising growth trajectory.
HyderabadIt SectorOffice SpaceReal Estate MarketMncsQualcommLtimindtreeIbm IndiaSp Capital Iq IndiaReal Estate NewsJun 17, 2024
Frequently Asked Questions
Which MNCs leased office space in Hyderabad?
The MNCs that leased office space in Hyderabad include Qualcomm, LTIMindtree, IBM India, and S&P Capital IQ India.
How much office space was leased by the MNCs?
The MNCs leased a combined total of over 8.7 lakh square feet of office space.
What is driving the demand for office space in Hyderabad?
The demand for office space in Hyderabad is driven by the city's strong IT-ITeS sector, ongoing infrastructure development, and vibrant business ecosystem.
How has Hyderabad's residential market performed in recent years?
Hyderabad's residential market has seen impressive growth between 2021 and the first quarter of 2024, with approximately 218,800 new residential units launched and over 154,300 units sold during this period.
What is the average price per square foot of residential properties in West Hyderabad?
The average price per square foot of residential properties in West Hyderabad is currently INR 7,200.
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