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.
Tags:
Related News Articles
Zakir Hussain's Nephew Debunks Death Rumors: 'He's Alive, Pray for Him'
In a recent社交媒体 post, Zakir Hussain's nephew has addressed widespread misinformation about the popular motivational speaker's death, assuring his followers that he is still alive and requesting prayers for his well-being.
Urjita Jagdish Master Invests INR 105 Crore in Opulent Mumbai Apartment
Urjita Jagdish Master, a prominent stock market investor and director of Deep Financial Consultants, has recently acquired a luxury apartment in Mumbai for a staggering INR 105 crore. This high-value transaction underscores the robust demand for premium l
UP Police Files FIR Against Ansal Group for Fraud and Criminal Conspiracy
The Uttar Pradesh Police has filed a First Information Report (FIR) against the Ansal Group, a prominent real estate developer, on charges of cheating, criminal conspiracy, and breach of trust, following directives from Chief Minister Yogi Adityanath.
Chembur's Real Estate Market Poised for Upward Trajectory
Infrastructure developments and improved connectivity drive real estate demand in Chembur
Maharashtra Government Approves Salt Pan Lands for Dharavi Redevelopment
The Maharashtra government has approved the use of salt pan lands for the Dharavi Redevelopment project, a significant step towards transforming one of the world's largest slums.
Pune Court Remands Bopdev Ghat Gang Rape Accused to Police Custody Until October 15
A court in Pune has remanded a 28-year-old man arrested in the Bopdev Ghat gang rape case to police custody until October 15. The man, who has a history of criminal activities, was arrested on Friday, eight days after the incident.