Commercial real estate in Hyderabad is supported by IT growth
The demand for commercial property in Hyderabad is increasing as the IT industry of the region is expanding. The major commercial areas of the city are already saturated and there is hardly any space available.
Due to lack of opportunity in the main city area, the demand for commercial properties has shifted to suburban locations of Hyderabad.
Many multinational companies are looking for the available properties in Hyderabad. Many new companies are interested in commencing their operations from the city apart from the expansion of already existing firms.
The upcoming areas are seeing a very good response from the tenants and the spaces are already pre-leased before possession.
Few of the upcoming spaces are KRC Mindspace in Pocharam leased by Genpact, TSI Waverock Phase-2 taken by DuPont and similar other companies such as Silicon IT Solutions, Software Consultancy, ebay Services booked spaces in these areas.
Other than new initiatives, the existing companies such as L&T, Cisco, Tata, Infosys are also expanding their business in the city and thus, they need more office space which is only available in the suburban areas.
To read more real estate stories:
Green house will get discount on property tax in Hyderabad
Hyderabad metro became an obstacle for traffic situation
Source: Times of India
commercial properties in Hyderabad, demand of office space, projects in Hyderabad, property in Hyderabad, Real estate in Hyderabad
[...] Commercial real estate in Hyderabad is supported by IT growth [...]