Hyderabad office space to witness 40% hike
The rate of office spaces is likely to witness a hike of 40 per cent in HITECH City and Gachibowli areas of Hyderabad. To tap on the opportunity, the developers are now focusing on developing commercial real estate.
The main driver is that the property market in areas like Gachibowli and HITECH City are still affordable as compared to other cities. The other factor is that most IT companies are still expanding and need more office space.
Hyderabad is estimated to be priced about 30 per cent lower than the rest of the established IT cities in India. The city has several IT giants searching for suitable areas to set up office.
Commercial real estate, Gachibowli, hike in office space, HITECH City, Hyderabad, Hyderabad commercial real estate, Hyderabad office space, IT cities, IT companies, rates of office spaces
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